Evermay Wealth Management LLC Has $318,000 Position in Emerson Electric Co. (NYSE:EMR)

Evermay Wealth Management LLC lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 9.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,912 shares of the industrial products company’s stock after selling 316 shares during the period. Evermay Wealth Management LLC’s holdings in Emerson Electric were worth $318,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. American National Bank & Trust Co. VA bought a new position in Emerson Electric during the first quarter valued at about $1,011,000. SG Americas Securities LLC raised its position in shares of Emerson Electric by 183.6% in the first quarter. SG Americas Securities LLC now owns 81,875 shares of the industrial products company’s stock valued at $9,286,000 after purchasing an additional 53,003 shares during the period. Farther Finance Advisors LLC grew its stake in Emerson Electric by 55.0% during the second quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock valued at $931,000 after acquiring an additional 3,060 shares in the last quarter. Norden Group LLC purchased a new position in Emerson Electric during the first quarter valued at approximately $4,188,000. Finally, Daiwa Securities Group Inc. grew its stake in Emerson Electric by 17.8% during the first quarter. Daiwa Securities Group Inc. now owns 100,029 shares of the industrial products company’s stock valued at $11,345,000 after acquiring an additional 15,098 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

NYSE:EMR traded up $0.47 during mid-day trading on Wednesday, hitting $109.38. 272,343 shares of the company traded hands, compared to its average volume of 2,675,182. The stock’s fifty day moving average price is $106.41 and its 200-day moving average price is $108.90. Emerson Electric Co. has a one year low of $83.10 and a one year 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 firm has a market cap of $62.58 billion, a price-to-earnings ratio of 5.83, a price-to-earnings-growth ratio of 1.68 and a beta of 1.30.

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

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were paid a dividend of $0.525 per share. The ex-dividend date was Friday, August 16th. This represents a $2.10 annualized dividend and a yield of 1.92%. Emerson Electric’s payout ratio is currently 11.24%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Royal Bank of Canada reduced their price objective on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Robert W. Baird upped their price target on shares of Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Wells Fargo & Company lowered their price target on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Finally, Oppenheimer upped their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average price target of $125.47.

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.