Emerson Electric Co. (NYSE:EMR) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp decreased its stake in Emerson Electric Co. (NYSE:EMR) by 10.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,880,814 shares of the industrial products company’s stock after selling 226,144 shares during the quarter. Van ECK Associates Corp owned 0.33% of Emerson Electric worth $207,190,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gilbert & Cook Inc. grew its stake in shares of Emerson Electric by 4.8% in the 4th quarter. Gilbert & Cook Inc. now owns 4,332 shares of the industrial products company’s stock valued at $422,000 after buying an additional 199 shares in the last quarter. Mission Wealth Management LP increased its stake in shares of Emerson Electric by 47.0% during the 4th quarter. Mission Wealth Management LP now owns 3,529 shares of the industrial products company’s stock worth $344,000 after purchasing an additional 1,129 shares during the last quarter. New York Life Investment Management LLC lifted its stake in shares of Emerson Electric by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 89,261 shares of the industrial products company’s stock valued at $8,688,000 after purchasing an additional 329 shares during the last quarter. Great Valley Advisor Group Inc. boosted its holdings in Emerson Electric by 28.1% in the fourth quarter. Great Valley Advisor Group Inc. now owns 16,454 shares of the industrial products company’s stock worth $1,602,000 after purchasing an additional 3,611 shares in the last quarter. Finally, First Trust Direct Indexing L.P. raised its holdings in Emerson Electric by 4.3% during the fourth quarter. First Trust Direct Indexing L.P. now owns 14,423 shares of the industrial products company’s stock valued at $1,404,000 after buying an additional 589 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

EMR has been the topic of a number of analyst reports. Barclays lowered their price objective on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Wells Fargo & Company decreased their price objective 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 research report on Thursday, July 25th. Finally, Redburn Atlantic initiated coverage on Emerson Electric in a research report 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 thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.18.

Emerson Electric Stock Performance

Emerson Electric stock traded up $1.30 on Friday, hitting $105.39. The company’s stock had a trading volume of 3,476,241 shares, compared to its average volume of 3,082,561. 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 $60.36 billion, a P/E ratio of 5.64, a price-to-earnings-growth ratio of 1.75 and a beta of 1.32. The company has a fifty day moving average price of $109.40 and a 200-day moving average price of $109.92.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.01. The company had revenue of $4.38 billion for the quarter, compared to analyst estimates 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 period in the prior year, the company posted $1.29 EPS. On average, equities analysts anticipate that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Announces Dividend

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 paid a $0.525 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.99%. 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.