Moloney Securities Asset Management LLC Sells 533 Shares of Emerson Electric Co. (NYSE:EMR)

Moloney Securities Asset Management LLC reduced its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 4.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,291 shares of the industrial products company’s stock after selling 533 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Emerson Electric were worth $1,344,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new position in Emerson Electric in the third quarter valued at about $43,000. Impax Asset Management Group plc raised its position in Emerson Electric by 16.7% in the third quarter. Impax Asset Management Group plc now owns 107,446 shares of the industrial products company’s stock valued at $11,751,000 after purchasing an additional 15,340 shares during the last quarter. Hazlett Burt & Watson Inc. raised its position in Emerson Electric by 31.6% in the third quarter. Hazlett Burt & Watson Inc. now owns 10,742 shares of the industrial products company’s stock valued at $1,173,000 after purchasing an additional 2,582 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Emerson Electric by 19.8% in the third quarter. Asset Management One Co. Ltd. now owns 266,556 shares of the industrial products company’s stock valued at $29,153,000 after buying an additional 44,102 shares during the period. Finally, National Pension Service increased its stake in shares of Emerson Electric by 14.2% in the third quarter. National Pension Service now owns 1,590,154 shares of the industrial products company’s stock valued at $173,915,000 after buying an additional 197,865 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Trading Up 7.2 %

Shares of Emerson Electric stock opened at $117.67 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $119.61. The stock has a 50 day moving average price of $107.04 and a two-hundred day moving average price of $108.92. The stock has a market capitalization of $67.39 billion, a PE ratio of 39.49, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30.

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 analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The firm had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter last year, the firm posted $1.29 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities analysts anticipate that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is currently 70.47%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EMR shares. Barclays decreased their price target on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Stephens cut 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. Royal Bank of Canada decreased their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Morgan Stanley started coverage on Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target for the company. Finally, StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.53.

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.