Stonehearth Capital Management LLC Cuts Stock Holdings in Emerson Electric Co. $EMR

Stonehearth Capital Management LLC trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 33.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,903 shares of the industrial products company’s stock after selling 946 shares during the period. Stonehearth Capital Management LLC’s holdings in Emerson Electric were worth $254,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. AG2R LA Mondiale Gestion D Actifs purchased a new stake in Emerson Electric during the first quarter valued at about $2,598,000. Swedbank AB boosted its holdings in shares of Emerson Electric by 12.2% during the first quarter. Swedbank AB now owns 2,846,978 shares of the industrial products company’s stock worth $312,143,000 after purchasing an additional 309,078 shares during the period. Modern Wealth Management LLC boosted its holdings in shares of Emerson Electric by 26.4% during the first quarter. Modern Wealth Management LLC now owns 3,852 shares of the industrial products company’s stock worth $422,000 after purchasing an additional 804 shares during the period. Strs Ohio purchased a new stake in shares of Emerson Electric during the first quarter worth about $27,934,000. Finally, Jacobi Capital Management LLC boosted its holdings in shares of Emerson Electric by 2.0% during the first quarter. Jacobi Capital Management LLC now owns 24,292 shares of the industrial products company’s stock worth $2,663,000 after purchasing an additional 474 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EMR. TD Cowen upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. increased their target price on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Wells Fargo & Company increased their target price on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Citigroup increased their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, Barclays raised shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $142.39.

Emerson Electric Price Performance

EMR stock opened at $135.19 on Friday. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The company has a market cap of $76.08 billion, a P/E ratio of 29.07, a PEG ratio of 2.68 and a beta of 1.30. The firm has a 50-day moving average of $137.38 and a 200 day moving average of $122.82. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter last year, the firm earned $1.43 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio (DPR) is currently 45.38%.

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.