Bahl & Gaynor Inc. Sells 14,295 Shares of Emerson Electric Co. (NYSE:EMR)

Bahl & Gaynor Inc. lessened its position in Emerson Electric Co. (NYSE:EMR) by 7.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 166,055 shares of the industrial products company’s stock after selling 14,295 shares during the period. Bahl & Gaynor Inc.’s holdings in Emerson Electric were worth $18,293,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in EMR. Norges Bank purchased a new stake in Emerson Electric during the 4th quarter valued at $764,604,000. First Trust Advisors LP lifted its holdings in shares of Emerson Electric by 219.2% during the fourth quarter. First Trust Advisors LP now owns 2,601,619 shares of the industrial products company’s stock valued at $253,216,000 after purchasing an additional 1,786,583 shares in the last quarter. Wellington Management Group LLP increased its holdings in Emerson Electric by 12.5% in the 4th quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock worth $1,307,680,000 after buying an additional 1,488,948 shares in the last quarter. Swedbank AB purchased a new position in Emerson Electric in the 1st quarter worth about $129,670,000. Finally, Clean Energy Transition LLP lifted its stake in Emerson Electric by 110.7% during the 1st quarter. Clean Energy Transition LLP now owns 1,885,183 shares of the industrial products company’s stock valued at $213,817,000 after acquiring an additional 990,615 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Down 0.5 %

Shares of Emerson Electric stock opened at $99.10 on Wednesday. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $108.32 and a 200-day moving average price of $109.70. The firm has a market cap of $56.75 billion, a price-to-earnings ratio of 5.30, a PEG ratio of 1.63 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. The business had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS. Equities research analysts anticipate that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s payout ratio is currently 11.24%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EMR. Royal Bank of Canada decreased their price objective on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Morgan Stanley assumed coverage on Emerson Electric in a report on Friday, September 6th. They set an “underweight” rating and a $105.00 price target on the stock. Robert W. Baird lifted their price objective on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Wells Fargo & Company lowered their target price on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.06.

Emerson Electric Company 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.