Murphy Pohlad Asset Management LLC Sells 715 Shares of Emerson Electric Co. (NYSE:EMR)

Murphy Pohlad Asset Management LLC decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,091 shares of the industrial products company’s stock after selling 715 shares during the period. Emerson Electric accounts for about 1.8% of Murphy Pohlad Asset Management LLC’s holdings, making the stock its 14th largest holding. Murphy Pohlad Asset Management LLC’s holdings in Emerson Electric were worth $4,275,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Americana Partners LLC raised its position in Emerson Electric by 63.7% during the 3rd quarter. Americana Partners LLC now owns 4,722 shares of the industrial products company’s stock valued at $516,000 after purchasing an additional 1,838 shares during the last quarter. Gladstone Institutional Advisory LLC raised its position in Emerson Electric by 3.6% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 5,068 shares of the industrial products company’s stock valued at $554,000 after purchasing an additional 175 shares during the last quarter. Human Investing LLC bought a new position in Emerson Electric during the 3rd quarter valued at approximately $221,000. Absher Wealth Management LLC raised its position in shares of Emerson Electric by 10.2% in the 3rd quarter. Absher Wealth Management LLC now owns 304,988 shares of the industrial products company’s stock worth $33,357,000 after acquiring an additional 28,152 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV raised its position in shares of Emerson Electric by 0.5% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 18,428 shares of the industrial products company’s stock worth $2,016,000 after acquiring an additional 97 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. Barclays decreased their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Redburn Atlantic assumed coverage on Emerson Electric in a research report on Monday, July 8th. They issued a “buy” rating and a $135.00 target price for the company. Morgan Stanley assumed coverage on Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price for the company. Finally, Royal Bank of Canada reduced their price objective on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $125.47.

Emerson Electric Stock Performance

Shares of EMR opened at $108.46 on Friday. The business’s fifty day simple moving average is $106.66 and its two-hundred day simple moving average is $108.88. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53. The company has a market cap of $62.12 billion, a price-to-earnings ratio of 36.40, a P/E/G ratio of 1.67 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. The firm had revenue of $4.38 billion for 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 company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the business posted $1.29 EPS. Research analysts anticipate that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were paid a $0.525 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.94%. Emerson Electric’s dividend payout ratio (DPR) is currently 70.47%.

Emerson Electric 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.