West Coast Financial LLC Sells 200 Shares of Emerson Electric Co. (NYSE:EMR)

West Coast Financial LLC cut its position in Emerson Electric Co. (NYSE:EMR) by 8.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,295 shares of the industrial products company’s stock after selling 200 shares during the quarter. West Coast Financial LLC’s holdings in Emerson Electric were worth $251,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in EMR. Transcendent Capital Group LLC bought a new stake in Emerson Electric in the 1st quarter valued at about $31,000. Meeder Asset Management Inc. raised its position in shares of Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after buying an additional 235 shares in the last quarter. Tributary Capital Management LLC bought a new position in Emerson Electric in the first quarter valued at approximately $35,000. Rise Advisors LLC bought a new stake in Emerson Electric during the first quarter worth $36,000. Finally, Versant Capital Management Inc boosted its stake in Emerson Electric by 471.9% in the second quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after buying an additional 269 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of NYSE EMR traded up $1.63 during midday trading on Friday, reaching $112.51. The company’s stock had a trading volume of 366,733 shares, compared to its average volume of 2,717,133. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. The stock has a market capitalization of $64.43 billion, a P/E ratio of 37.21, a PEG ratio of 1.70 and a beta of 1.30. The firm has a 50 day moving average price of $104.97 and a 200-day moving average price of $109.29. Emerson Electric Co. has a 12-month low of $83.10 and a 12-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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The firm had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 EPS. As a group, equities analysts predict that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is currently 70.47%.

Analysts Set New Price Targets

EMR has been the topic of a number of research analyst reports. Barclays cut 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 research report on Thursday, August 8th. Wells Fargo & Company reduced their price objective on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Robert W. Baird increased their target price on Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Oppenheimer upped their price objective on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Finally, Royal Bank of Canada cut their target price on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.59.

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.