Hamel Associates Inc. Sells 655 Shares of Emerson Electric Co. (NYSE:EMR)

Hamel Associates Inc. trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 6.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,907 shares of the industrial products company’s stock after selling 655 shares during the period. Hamel Associates Inc.’s holdings in Emerson Electric were worth $1,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Transcendent Capital Group LLC purchased a new position in Emerson Electric during the first quarter valued at approximately $31,000. Security National Bank purchased a new position in shares of Emerson Electric in the 4th quarter valued at $29,000. Tributary Capital Management LLC bought a new position in shares of Emerson Electric in the 1st quarter worth $35,000. Cape Investment Advisory Inc. lifted its stake in shares of Emerson Electric by 148.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 188 shares during the last quarter. Finally, Rise Advisors LLC bought a new stake in Emerson Electric during the first quarter valued at about $36,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

NYSE EMR traded down $2.04 on Thursday, hitting $98.82. 1,310,166 shares of the company’s stock traded hands, compared to its average volume of 2,681,488. The firm’s 50-day moving average price is $109.10 and its two-hundred day moving average price is $109.85. The firm has a market capitalization of $56.53 billion, a PE ratio of 5.40, a P/E/G ratio of 1.75 and a beta of 1.32. 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 1-year low of $83.10 and a 1-year high of $119.53.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The company had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.29 earnings per share. As a group, analysts expect that Emerson Electric Co. will post 5.48 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. Shareholders of record on Friday, August 16th will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a yield of 2.13%. Emerson Electric’s dividend payout ratio is currently 11.24%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Redburn Atlantic initiated coverage on shares of Emerson Electric in a research report on Monday, July 8th. They set a “buy” rating and a $135.00 price target for the company. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. Royal Bank of Canada cut their price target on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Mizuho increased their price objective on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Finally, Barclays reduced their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $125.18.

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.