Gamble Jones Investment Counsel Lowers Stake in Emerson Electric Co. (NYSE:EMR)

Gamble Jones Investment Counsel reduced its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 2.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 93,255 shares of the industrial products company’s stock after selling 2,400 shares during the period. Gamble Jones Investment Counsel’s holdings in Emerson Electric were worth $6,235,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of EMR. Gradient Investments LLC lifted its stake in shares of Emerson Electric by 164.4% in the 3rd quarter. Gradient Investments LLC now owns 386 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 240 shares during the period. Candriam Luxembourg S.C.A. lifted its stake in shares of Emerson Electric by 12.8% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 382,028 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 43,374 shares during the period. Ellevest Inc. lifted its stake in shares of Emerson Electric by 110.0% in the 2nd quarter. Ellevest Inc. now owns 420 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 220 shares during the period. Larson Financial Group LLC lifted its stake in shares of Emerson Electric by 80.3% in the 2nd quarter. Larson Financial Group LLC now owns 440 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 196 shares during the period. Finally, Garrett Wealth Advisory Group LLC acquired a new stake in shares of Emerson Electric in the 3rd quarter worth $31,000. 70.32% of the stock is currently owned by institutional investors.

Shares of NYSE EMR traded up $0.09 during midday trading on Friday, hitting $73.88. The company had a trading volume of 2,186,068 shares, compared to its average volume of 3,242,199. The company has a quick ratio of 0.85, a current ratio of 1.19 and a debt-to-equity ratio of 0.52. Emerson Electric Co. has a twelve month low of $55.38 and a twelve month high of $75.54. The business has a 50-day simple moving average of $67.96 and a two-hundred day simple moving average of $64.99. The firm has a market capitalization of $45.39 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 2.52 and a beta of 1.37.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.07 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.07. Emerson Electric had a net margin of 12.55% and a return on equity of 26.32%. The firm had revenue of $4.97 billion during the quarter, compared to analysts’ expectations of $5.02 billion. During the same quarter last year, the business earned $0.89 earnings per share. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities analysts forecast that Emerson Electric Co. will post 3.65 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Thursday, November 14th. Emerson Electric’s dividend payout ratio (DPR) is 53.12%.

Several analysts have recently commented on EMR shares. Credit Suisse Group raised their target price on shares of Emerson Electric from $73.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday. Zacks Investment Research cut shares of Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 target price for the company. in a research note on Tuesday, July 23rd. Stephens set a $71.00 target price on shares of Emerson Electric and gave the stock a “buy” rating in a research note on Monday, September 30th. Argus cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Finally, Royal Bank of Canada upgraded shares of Emerson Electric from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $65.00 to $77.00 in a research note on Monday, September 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $73.00.

Emerson Electric Company 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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