Courier Capital LLC Trims Stock Position in Emerson Electric Co. (NYSE:EMR)

Courier Capital LLC lowered its position in shares of Emerson Electric Co. (NYSE:EMR) by 3.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 16,415 shares of the industrial products company’s stock after selling 584 shares during the period. Courier Capital LLC’s holdings in Emerson Electric were worth $1,795,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EMR. Transcendent Capital Group LLC purchased a new position in Emerson Electric in the 1st quarter worth approximately $31,000. Meeder Asset Management Inc. grew its stake in Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after buying an additional 235 shares in the last quarter. Tributary Capital Management LLC purchased a new position in Emerson Electric in the 1st quarter worth approximately $35,000. Versant Capital Management Inc grew its stake in Emerson Electric by 471.9% in the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock worth $36,000 after buying an additional 269 shares in the last quarter. Finally, Matrix Trust Co purchased a new position in Emerson Electric in the 3rd quarter worth approximately $44,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EMR. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. Redburn Atlantic began coverage on shares of Emerson Electric in a report on Monday, July 8th. They issued a “buy” rating and a $135.00 price objective for the company. Robert W. Baird boosted their price objective on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Finally, Oppenheimer boosted 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 investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $125.47.

Emerson Electric Stock Down 0.9 %

Shares of NYSE EMR opened at $108.51 on Thursday. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53. The firm has a market capitalization of $62.08 billion, a PE ratio of 5.81, a price-to-earnings-growth ratio of 1.70 and a beta of 1.30. The firm has a fifty day simple moving average of $106.01 and a two-hundred day simple moving average of $109.09.

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

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s dividend payout ratio is presently 11.24%.

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.