Clearview Wealth Advisors LLC Reduces Position in Emerson Electric Co. (NYSE:EMR)

Clearview Wealth Advisors LLC reduced its position in Emerson Electric Co. (NYSE:EMR) by 4.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,756 shares of the industrial products company’s stock after selling 183 shares during the quarter. Clearview Wealth Advisors LLC’s holdings in Emerson Electric were worth $414,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in shares of Emerson Electric by 12.5% during the 4th quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock worth $1,307,680,000 after acquiring an additional 1,488,948 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Emerson Electric by 0.6% during the fourth quarter. Wells Fargo & Company MN now owns 10,654,285 shares of the industrial products company’s stock valued at $1,036,982,000 after purchasing an additional 62,105 shares during the period. Norges Bank bought a new position in shares of Emerson Electric in the fourth quarter worth about $764,604,000. Charles Schwab Investment Management Inc. increased its stake in Emerson Electric by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,174,088 shares of the industrial products company’s stock worth $308,934,000 after buying an additional 60,990 shares during the period. Finally, First Trust Advisors LP lifted its holdings in Emerson Electric by 219.2% during the 4th quarter. First Trust Advisors LP now owns 2,601,619 shares of the industrial products company’s stock valued at $253,216,000 after buying an additional 1,786,583 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 1.2 %

NYSE:EMR traded up $1.30 during mid-day trading on Friday, hitting $105.39. 3,476,241 shares of the company’s stock traded hands, compared to its average volume of 3,082,561. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. The company has a market capitalization of $60.36 billion, a P/E ratio of 5.64, a P/E/G ratio of 1.75 and a beta of 1.32. The company has a fifty day moving average of $109.40 and a 200 day moving average of $109.92. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.42 by $0.01. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The firm had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same period last year, the firm posted $1.29 EPS. Emerson Electric’s revenue was up 11.0% on a year-over-year basis. On average, analysts forecast that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 16th will be paid a $0.525 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.99%. Emerson Electric’s dividend payout ratio (DPR) is 11.24%.

Analyst Ratings Changes

A number of brokerages have recently commented on EMR. Loop Capital raised their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Redburn Atlantic initiated coverage on Emerson Electric in a research report on Monday, July 8th. They set a “buy” rating and a $135.00 target price for the company. Robert W. Baird increased their price target on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft upgraded Emerson Electric from a “hold” rating to a “buy” rating and lifted their price objective for the company from $123.00 to $138.00 in a report on Thursday, May 9th. Finally, Barclays dropped their target price on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average price target of $125.18.

Emerson Electric Company Profile

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.