Vicus Capital Decreases Holdings in Emerson Electric Co. $EMR

Vicus Capital reduced its position in Emerson Electric Co. (NYSE:EMR) by 26.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,832 shares of the industrial products company’s stock after selling 675 shares during the period. Vicus Capital’s holdings in Emerson Electric were worth $244,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Saudi Central Bank acquired a new stake in shares of Emerson Electric during the first quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Emerson Electric in the 1st quarter valued at $27,000. Inlight Wealth Management LLC acquired a new stake in Emerson Electric during the 1st quarter worth about $28,000. Fourth Dimension Wealth LLC grew its stake in Emerson Electric by 145.3% during the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 154 shares during the last quarter. Finally, Garde Capital Inc. acquired a new position in shares of Emerson Electric in the first quarter valued at about $36,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 1.3%

EMR opened at $132.90 on Friday. The company has a fifty day moving average of $134.43 and a two-hundred day moving average of $124.39. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The stock has a market capitalization of $74.79 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 2.31 and a beta of 1.29.

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

Emerson Electric Announces Dividend

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

Analyst Ratings Changes

EMR has been the subject of a number of research reports. Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. Bank of America lifted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Citigroup increased their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. KeyCorp boosted their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Tuesday, July 1st. Finally, TD Cowen raised shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average price target of $144.88.

Emerson Electric 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.