Fruth Investment Management Sells 250 Shares of Emerson Electric Co. (NYSE:EMR)

Fruth Investment Management reduced its stake in Emerson Electric Co. (NYSE:EMR) by 0.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 48,730 shares of the industrial products company’s stock after selling 250 shares during the quarter. Emerson Electric comprises 1.3% of Fruth Investment Management’s investment portfolio, making the stock its 21st largest position. Fruth Investment Management’s holdings in Emerson Electric were worth $3,258,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wilbanks Smith & Thomas Asset Management LLC lifted its position in Emerson Electric by 3.7% during the 1st quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 4,412 shares of the industrial products company’s stock worth $302,000 after buying an additional 157 shares in the last quarter. Investment Management of Virginia LLC lifted its position in Emerson Electric by 0.7% during the 2nd quarter. Investment Management of Virginia LLC now owns 26,212 shares of the industrial products company’s stock worth $1,749,000 after buying an additional 175 shares in the last quarter. Boenning & Scattergood Inc. lifted its position in Emerson Electric by 0.4% during the 2nd quarter. Boenning & Scattergood Inc. now owns 48,998 shares of the industrial products company’s stock worth $3,269,000 after buying an additional 185 shares in the last quarter. Great Valley Advisor Group Inc. lifted its position in Emerson Electric by 4.9% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 3,945 shares of the industrial products company’s stock worth $263,000 after buying an additional 185 shares in the last quarter. Finally, Meristem Family Wealth LLC lifted its position in Emerson Electric by 3.7% during the 2nd quarter. Meristem Family Wealth LLC now owns 5,412 shares of the industrial products company’s stock worth $361,000 after buying an additional 191 shares in the last quarter. 70.52% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have commented on EMR. Citigroup cut their price target on shares of Emerson Electric from $79.00 to $77.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Morgan Stanley cut their price target on shares of Emerson Electric from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Wednesday. Stephens set a $71.00 price target on shares of Emerson Electric and gave the stock a “buy” rating in a research report on Monday, September 30th. Wolfe Research set a $72.00 price target on shares of Emerson Electric and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, Deutsche Bank cut their price target on shares of Emerson Electric from $74.00 to $73.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. Emerson Electric has a consensus rating of “Hold” and an average target price of $72.21.



Shares of Emerson Electric stock traded up $0.43 during trading on Wednesday, hitting $63.59. 211,610 shares of the stock were exchanged, compared to its average volume of 3,261,542. The stock has a market capitalization of $40.10 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 2.10 and a beta of 1.37. The company has a fifty day moving average price of $62.50 and a 200-day moving average price of $65.05. Emerson Electric Co. has a 1-year low of $55.38 and a 1-year high of $77.90. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 0.49.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.94 earnings per share for the quarter, hitting the consensus estimate of $0.94. The company had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.82 billion. Emerson Electric had a net margin of 12.06% and a return on equity of 24.67%. Emerson Electric’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.12 EPS. Equities research analysts forecast that Emerson Electric Co. will post 3.63 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.96 annualized dividend and a dividend yield of 3.08%. Emerson Electric’s dividend payout ratio is presently 57.99%.

About Emerson Electric

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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