Monarch Capital Management Inc. Has $7.28 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

Monarch Capital Management Inc. cut its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,088 shares of the industrial products company’s stock after selling 1,296 shares during the period. Emerson Electric accounts for approximately 2.1% of Monarch Capital Management Inc.’s holdings, making the stock its 14th biggest holding. Monarch Capital Management Inc.’s holdings in Emerson Electric were worth $7,280,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Tennessee Valley Asset Management Partners acquired a new position in shares of Emerson Electric in the 4th quarter valued at $35,000. CWM LLC grew its position in shares of Emerson Electric by 9.3% during the 4th quarter. CWM LLC now owns 14,649 shares of the industrial products company’s stock worth $1,426,000 after buying an additional 1,243 shares during the period. GAMMA Investing LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at about $388,000. Cumberland Partners Ltd raised its position in shares of Emerson Electric by 11.7% in the 4th quarter. Cumberland Partners Ltd now owns 13,380 shares of the industrial products company’s stock valued at $1,299,000 after acquiring an additional 1,400 shares during the period. Finally, Private Management Group Inc. grew its holdings in Emerson Electric by 7.5% during the fourth quarter. Private Management Group Inc. now owns 2,901 shares of the industrial products company’s stock valued at $282,000 after purchasing an additional 203 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Up 0.3 %

EMR traded up $0.28 on Friday, hitting $104.64. 2,774,436 shares of the company were exchanged, compared to its average volume of 2,692,458. 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 stock’s fifty day moving average is $109.78 and its 200-day moving average is $109.89. The company has a market cap of $59.86 billion, a PE ratio of 5.60, a PEG ratio of 1.93 and a beta of 1.32. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53.

Emerson Electric (NYSE:EMR) last announced 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 company had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.29 EPS. Equities research analysts predict that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th will be issued a $0.525 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.01%. Emerson Electric’s payout ratio is 11.24%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EMR. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Royal Bank of Canada lowered their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft upgraded Emerson Electric from a “hold” rating to a “buy” rating and lifted their price objective for the company from $123.00 to $138.00 in a report on Thursday, May 9th. Barclays lowered their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Finally, Redburn Atlantic initiated coverage on shares of Emerson Electric in a research note on Monday, July 8th. They issued a “buy” rating and a $135.00 price target on the stock. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $124.33.

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.