UBS Asset Management Americas Inc. Sells 115,186 Shares of Emerson Electric Co. (NYSE:EMR)

UBS Asset Management Americas Inc. lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 5.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,021,395 shares of the industrial products company’s stock after selling 115,186 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Emerson Electric were worth $134,867,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. H2O AM LLP raised its holdings in Emerson Electric by 58.2% during the 2nd quarter. H2O AM LLP now owns 348,979 shares of the industrial products company’s stock worth $21,874,000 after buying an additional 128,428 shares during the period. Delta Asset Management LLC TN raised its holdings in Emerson Electric by 0.5% during the 2nd quarter. Delta Asset Management LLC TN now owns 114,619 shares of the industrial products company’s stock worth $7,647,000 after buying an additional 598 shares during the period. DNB Asset Management AS raised its holdings in Emerson Electric by 4.3% during the 2nd quarter. DNB Asset Management AS now owns 127,098 shares of the industrial products company’s stock worth $8,480,000 after buying an additional 5,283 shares during the period. Janus Henderson Group PLC raised its holdings in Emerson Electric by 14.3% during the 2nd quarter. Janus Henderson Group PLC now owns 215,440 shares of the industrial products company’s stock worth $14,375,000 after buying an additional 27,015 shares during the period. Finally, Calamos Advisors LLC raised its holdings in Emerson Electric by 1.0% during the 2nd quarter. Calamos Advisors LLC now owns 909,510 shares of the industrial products company’s stock worth $60,682,000 after buying an additional 9,115 shares during the period. 70.52% of the stock is currently owned by institutional investors.

Shares of NYSE:EMR traded down $1.10 during midday trading on Tuesday, hitting $63.83. The stock had a trading volume of 245,340 shares, compared to its average volume of 2,681,038. Emerson Electric Co. has a 12 month low of $55.38 and a 12 month high of $79.70. The company has a quick ratio of 0.85, a current ratio of 1.18 and a debt-to-equity ratio of 0.49. The business’s 50-day simple moving average is $60.75 and its 200-day simple moving average is $65.24. The company has a market cap of $39.95 billion, a P/E ratio of 18.90, a PEG ratio of 2.21 and a beta of 1.35.



Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, August 6th. The industrial products company reported $0.94 earnings per share for the quarter, meeting the consensus estimate of $0.94. Emerson Electric had a net margin of 12.06% and a return on equity of 24.67%. The business had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same period last year, the business earned $1.12 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. As a group, equities analysts predict that Emerson Electric Co. will post 3.64 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.96 dividend on an annualized basis and a yield of 3.07%. Emerson Electric’s dividend payout ratio (DPR) is 57.99%.

EMR has been the topic of several research analyst reports. Credit Suisse Group dropped their target price on shares of Emerson Electric from $74.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Barclays restated a “hold” rating and set a $65.00 target price on shares of Emerson Electric in a report on Wednesday, September 4th. Argus downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Citigroup dropped their target price on shares of Emerson Electric from $79.00 to $77.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Finally, Zacks Investment Research downgraded shares of Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 target price on the stock. in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $72.29.

Emerson Electric Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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