Emerson Electric Co. $EMR Shares Sold by OFI Invest Asset Management

OFI Invest Asset Management trimmed its holdings in Emerson Electric Co. (NYSE:EMR) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,950 shares of the industrial products company’s stock after selling 90 shares during the quarter. OFI Invest Asset Management’s holdings in Emerson Electric were worth $1,460,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EMR. Saudi Central Bank acquired a new position in Emerson Electric in the 1st quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Emerson Electric in the 1st quarter worth about $27,000. Inlight Wealth Management LLC purchased a new stake in shares of Emerson Electric in the 1st quarter worth about $28,000. Fourth Dimension Wealth LLC lifted its holdings in Emerson Electric by 145.3% in 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 in the last quarter. Finally, Garde Capital Inc. purchased a new position in Emerson Electric in the 1st quarter valued at about $36,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Down 4.2%

Shares of NYSE:EMR opened at $125.99 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The company has a 50 day moving average of $132.66 and a two-hundred day moving average of $125.25. The company has a market capitalization of $70.91 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 2.19 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. The company had revenue of $3.16 billion during the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. As a group, analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a dividend of $0.5275 per share. The ex-dividend date was Friday, August 15th. This represents a $2.11 annualized dividend and a yield of 1.7%. Emerson Electric’s dividend payout ratio (DPR) is 45.38%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Barclays upgraded shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Citigroup upped their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a report on Monday, July 14th. TD Cowen raised shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $144.29.

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.