Winthrop Advisory Group LLC Trims Stake in Emerson Electric Co. (NYSE:EMR)

Winthrop Advisory Group LLC cut its holdings in Emerson Electric Co. (NYSE:EMR) by 2.8% in the third quarter, Holdings Channel reports. The institutional investor owned 4,393 shares of the industrial products company’s stock after selling 128 shares during the quarter. Winthrop Advisory Group LLC’s holdings in Emerson Electric were worth $414,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Amundi acquired a new stake in shares of Emerson Electric in the second quarter worth approximately $119,375,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Emerson Electric by 11.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 8,026,207 shares of the industrial products company’s stock worth $772,442,000 after acquiring an additional 806,296 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of Emerson Electric by 274.8% in the second quarter. Macquarie Group Ltd. now owns 793,987 shares of the industrial products company’s stock worth $76,413,000 after acquiring an additional 582,167 shares during the last quarter. Epoch Investment Partners Inc. boosted its stake in shares of Emerson Electric by 33.8% in the second quarter. Epoch Investment Partners Inc. now owns 1,936,305 shares of the industrial products company’s stock worth $186,350,000 after acquiring an additional 489,352 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. acquired a new stake in shares of Emerson Electric in the second quarter worth approximately $35,707,000. Institutional investors and hedge funds own 72.75% of the company’s stock.

Shares of EMR stock traded down $0.24 on Thursday, hitting $94.23. The stock had a trading volume of 2,738,368 shares, compared to its average volume of 2,661,064. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.35 and a quick ratio of 1.02. The firm has a market capitalization of $56.06 billion, a P/E ratio of 24.67, a P/E/G ratio of 2.18 and a beta of 1.52. Emerson Electric Co. has a 1 year low of $74.50 and a 1 year high of $105.99. The company’s 50 day moving average price is $95.96 and its 200-day moving average price is $97.66.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, November 3rd. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.03. The firm had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $5.09 billion. Emerson Electric had a return on equity of 26.45% and a net margin of 12.63%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 EPS. On average, equities analysts forecast that Emerson Electric Co. will post 4.92 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 10th. Investors of record on Friday, November 12th will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Wednesday, November 10th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.51. Emerson Electric’s payout ratio is currently 53.93%.

A number of research firms have weighed in on EMR. Cowen reissued a “buy” rating on shares of Emerson Electric in a research note on Tuesday, August 31st. Zacks Investment Research raised Emerson Electric from a “hold” rating to a “buy” rating and set a $109.00 price objective on the stock in a research note on Thursday, August 12th. Loop Capital began coverage on Emerson Electric in a research note on Wednesday, November 17th. They set a “buy” rating and a $124.00 price objective on the stock. Wells Fargo & Company began coverage on Emerson Electric in a research note on Thursday, October 7th. They set an “equal weight” rating and a $99.00 price objective on the stock. Finally, Credit Suisse Group lowered their price objective on Emerson Electric from $107.00 to $106.00 and set an “outperform” rating on the stock in a research note on Thursday, November 4th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Emerson Electric has an average rating of “Buy” and an average target price of $102.80.

Emerson Electric Profile

Emerson Electric Co is a global technology and engineering company, which provides innovative solutions for customers in industrial, commercial and residential markets. It operates through the following business segments: Automation Solutions; Climate Technologies; and Tools and Home Products. The Automation Solutions segment offers products, integrated solutions, software and services which enable process, hybrid and discrete manufacturers to maximize production, protect personnel and the environment, reduce project costs, and optimize their energy efficiency and operating costs.

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

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