Simmons Bank Sells 3,371 Shares of Emerson Electric Co. (NYSE:EMR)

Simmons Bank cut its stake in Emerson Electric Co. (NYSE:EMR) by 15.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,433 shares of the industrial products company’s stock after selling 3,371 shares during the period. Simmons Bank’s holdings in Emerson Electric were worth $2,031,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of EMR. Security National Bank acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $29,000. Cape Investment Advisory Inc. boosted its stake in shares of Emerson Electric by 148.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 188 shares in the last quarter. Transcendent Capital Group LLC bought a new stake in Emerson Electric during the 1st quarter worth approximately $31,000. Burkett Financial Services LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at $32,000. Finally, Tributary Capital Management LLC bought a new position in Emerson Electric during the first quarter worth $35,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Trading Up 0.0 %

Shares of NYSE:EMR traded up $0.05 during midday trading on Wednesday, reaching $103.91. The company’s stock had a trading volume of 2,390,035 shares, compared to its average volume of 2,678,444. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $119.53. The firm has a market cap of $59.45 billion, a price-to-earnings ratio of 5.60, a price-to-earnings-growth ratio of 1.93 and a beta of 1.32. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28. The business has a 50 day moving average price of $109.73 and a 200 day moving average price of $109.95.

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 analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The company had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the previous year, the firm posted $1.29 earnings per share. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. Research analysts forecast that Emerson Electric Co. will post 5.47 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 16th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is 11.24%.

Analysts Set New Price Targets

EMR has been the subject of several analyst reports. Royal Bank of Canada lowered their target price 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. Deutsche Bank Aktiengesellschaft raised Emerson Electric from a “hold” rating to a “buy” rating and boosted their target price for the stock from $123.00 to $138.00 in a research report on Thursday, May 9th. Loop Capital upped their price target on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Wells Fargo & Company dropped their price target on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Oppenheimer reduced their price target on Emerson Electric from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $124.33.

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.