Sachetta LLC Sells 347 Shares of Emerson Electric Co. (NYSE:EMR)

Sachetta LLC lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 5.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,170 shares of the industrial products company’s stock after selling 347 shares during the quarter. Sachetta LLC’s holdings in Emerson Electric were worth $714,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Security National Bank purchased a new position in Emerson Electric during the fourth quarter valued at approximately $29,000. Cape Investment Advisory Inc. increased its holdings in shares of Emerson Electric by 148.0% in the fourth 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 period. Transcendent Capital Group LLC purchased a new stake in shares of Emerson Electric in the first quarter worth $31,000. Burkett Financial Services LLC bought a new stake in Emerson Electric during the fourth quarter valued at $32,000. Finally, Tributary Capital Management LLC purchased a new position in Emerson Electric during the first quarter worth about $35,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $99.58 on Tuesday. The company’s fifty day simple moving average is $108.52 and its two-hundred day simple moving average is $109.75. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $119.53. The firm has a market cap of $57.03 billion, a PE ratio of 5.33, a price-to-earnings-growth ratio of 1.63 and a beta of 1.30. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27.

Emerson Electric (NYSE:EMR) last announced its quarterly 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. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The company had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the previous year, the business earned $1.29 EPS. Emerson Electric’s revenue was up 11.0% compared to the same quarter last year. As a group, equities analysts expect that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed 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. This represents a $2.10 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Friday, August 16th. Emerson Electric’s payout ratio is currently 11.24%.

Wall Street Analyst Weigh In

EMR has been the subject of several recent analyst reports. Royal Bank of Canada cut their price objective on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. cut shares of Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Robert W. Baird upped their target price on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Finally, Oppenheimer lowered their price target on Emerson Electric from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $124.06.

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.