Stephens Consulting LLC Cuts Stock Holdings in Emerson Electric Co. $EMR

Stephens Consulting LLC decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 29.0% during the second quarter, HoldingsChannel reports. The firm owned 446 shares of the industrial products company’s stock after selling 182 shares during the period. Stephens Consulting LLC’s holdings in Emerson Electric were worth $59,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bill Few Associates Inc. purchased a new position in shares of Emerson Electric in the 2nd quarter worth approximately $241,000. Allspring Global Investments Holdings LLC grew its position in shares of Emerson Electric by 1.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 414,083 shares of the industrial products company’s stock worth $56,112,000 after buying an additional 4,697 shares during the last quarter. GW Henssler & Associates Ltd. grew its position in shares of Emerson Electric by 1.6% in the 2nd quarter. GW Henssler & Associates Ltd. now owns 172,415 shares of the industrial products company’s stock worth $22,988,000 after buying an additional 2,709 shares during the last quarter. Meritage Portfolio Management purchased a new position in shares of Emerson Electric in the 2nd quarter worth approximately $215,000. Finally, Orca Investment Management LLC grew its position in shares of Emerson Electric by 2.0% in the 2nd quarter. Orca Investment Management LLC now owns 4,190 shares of the industrial products company’s stock worth $559,000 after buying an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $125.99 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The company has a 50 day simple moving average of $132.66 and a two-hundred day simple moving average of $125.34. The stock has a market cap of $70.91 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 2.19 and a beta of 1.29.

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

Emerson Electric Dividend Announcement

The firm also recently disclosed 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. This represents a $2.11 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, August 15th. Emerson Electric’s payout ratio is presently 45.38%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. KeyCorp lifted their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday, October 8th. Stephens lifted their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. Jefferies Financial Group lowered their target price on shares of Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Finally, Wolfe Research lowered their target price on shares of Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $145.56.

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.