Evermay Wealth Management LLC Sells 316 Shares of Emerson Electric Co. (NYSE:EMR)

Evermay Wealth Management LLC lowered its position in Emerson Electric Co. (NYSE:EMR) by 9.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,912 shares of the industrial products company’s stock after selling 316 shares during the quarter. Evermay Wealth Management LLC’s holdings in Emerson Electric were worth $318,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of EMR. American National Bank & Trust Co. VA purchased a new stake in Emerson Electric during the first quarter worth $1,011,000. SG Americas Securities LLC raised its stake in Emerson Electric by 183.6% in the 1st quarter. SG Americas Securities LLC now owns 81,875 shares of the industrial products company’s stock worth $9,286,000 after acquiring an additional 53,003 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Emerson Electric by 55.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock valued at $931,000 after acquiring an additional 3,060 shares during the period. Norden Group LLC acquired a new stake in shares of Emerson Electric during the 1st quarter valued at about $4,188,000. Finally, Daiwa Securities Group Inc. grew its position in shares of Emerson Electric by 17.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 100,029 shares of the industrial products company’s stock valued at $11,345,000 after acquiring an additional 15,098 shares during the period. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

EMR traded up $0.47 on Wednesday, reaching $109.38. The company had a trading volume of 272,343 shares, compared to its average volume of 2,675,182. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $119.53. The stock has a market capitalization of $62.58 billion, a PE ratio of 5.83, a P/E/G ratio of 1.68 and a beta of 1.30. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average price of $106.41 and a 200-day moving average price of $108.90.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $4.44 billion. During the same period in the previous year, the company earned $1.29 earnings per share. Emerson Electric’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, research analysts forecast that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were given a dividend of $0.525 per share. The ex-dividend date was Friday, August 16th. This represents a $2.10 annualized dividend and a yield of 1.92%. Emerson Electric’s payout ratio is currently 11.24%.

Analysts Set New Price Targets

EMR has been the topic of a number of research reports. Royal Bank of Canada decreased their price target on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Barclays decreased their price target on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Oppenheimer raised their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Morgan Stanley initiated coverage on shares of Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target on the stock. Finally, Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $125.47.

About Emerson Electric

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.