Silvercrest Asset Management Group LLC Has $17.01 Million Position in Emerson Electric Co. (NYSE:EMR)

Silvercrest Asset Management Group LLC reduced its holdings in Emerson Electric Co. (NYSE:EMR) by 64.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 149,941 shares of the industrial products company’s stock after selling 269,589 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Emerson Electric were worth $17,006,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of EMR. PFG Advisors increased its position in shares of Emerson Electric by 3.8% during the first quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock worth $294,000 after acquiring an additional 96 shares in the last quarter. Lake Street Private Wealth LLC increased its position in shares of Emerson Electric by 2.3% during the first quarter. Lake Street Private Wealth LLC now owns 4,412 shares of the industrial products company’s stock worth $500,000 after acquiring an additional 99 shares in the last quarter. Harbour Capital Advisors LLC increased its position in shares of Emerson Electric by 1.7% during the first quarter. Harbour Capital Advisors LLC now owns 6,136 shares of the industrial products company’s stock worth $695,000 after acquiring an additional 100 shares in the last quarter. Financial Advocates Investment Management increased its position in shares of Emerson Electric by 1.0% during the fourth quarter. Financial Advocates Investment Management now owns 10,208 shares of the industrial products company’s stock worth $994,000 after acquiring an additional 101 shares in the last quarter. Finally, Manchester Capital Management LLC increased its position in shares of Emerson Electric by 1.3% during the first quarter. Manchester Capital Management LLC now owns 7,992 shares of the industrial products company’s stock worth $906,000 after acquiring an additional 102 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Down 1.9 %

Shares of Emerson Electric stock traded down $2.21 during trading on Tuesday, reaching $115.59. 1,603,264 shares of the company traded hands, compared to its average volume of 2,620,414. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53. The company has a 50 day moving average price of $111.31 and a 200-day moving average price of $108.44. The firm has a market capitalization of $66.13 billion, a PE ratio of 6.30, a P/E/G ratio of 1.99 and a beta of 1.32.

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

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were paid a $0.525 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.82%. Emerson Electric’s payout ratio is 11.24%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Citigroup increased their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Redburn Atlantic assumed coverage on shares of Emerson Electric in a research report on Monday, July 8th. They set a “buy” rating and a $135.00 price objective for the company. Robert W. Baird decreased their target price 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. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Emerson Electric from a “hold” rating to a “buy” rating and raised their target price for the company from $123.00 to $138.00 in a research report on Thursday, May 9th. Four research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $123.44.

About Emerson Electric

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.