Emerson Electric Co. (NYSE:EMR) Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC lowered its holdings in Emerson Electric Co. (NYSE:EMR) by 2.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,525 shares of the industrial products company’s stock after selling 248 shares during the period. Valeo Financial Advisors LLC’s holdings in Emerson Electric were worth $1,307,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Morgan Stanley grew its holdings in shares of Emerson Electric by 7.9% in the third quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock valued at $1,327,876,000 after purchasing an additional 1,008,294 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Emerson Electric by 12.5% in the fourth quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock valued at $1,307,680,000 after purchasing an additional 1,488,948 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Emerson Electric by 0.6% in the fourth quarter. Wells Fargo & Company MN now owns 10,654,285 shares of the industrial products company’s stock worth $1,036,982,000 after acquiring an additional 62,105 shares during the last quarter. Norges Bank purchased a new position in Emerson Electric in the fourth quarter worth approximately $764,604,000. Finally, Nordea Investment Management AB lifted its stake in Emerson Electric by 26.5% in the fourth quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock worth $723,873,000 after acquiring an additional 1,558,903 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

EMR traded up $0.29 during trading on Wednesday, hitting $109.56. The stock had a trading volume of 1,074,532 shares, compared to its average volume of 2,681,759. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18. The firm has a market capitalization of $62.68 billion, a P/E ratio of 5.92, a PEG ratio of 1.88 and a beta of 1.32. The company’s 50-day moving average price is $109.98 and its 200 day moving average price is $105.97. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $116.76.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.11. The company had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. Emerson Electric’s revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.09 EPS. On average, equities research analysts forecast that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were paid a dividend of $0.525 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.92%. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of recent research reports. Citigroup lifted their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Mizuho lifted their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Loop Capital boosted their price objective on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Barclays boosted their price objective on shares of Emerson Electric from $105.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. Finally, Robert W. Baird reduced their price objective on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus target price of $122.76.

Emerson Electric 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.