Mcdaniel Terry & Co. Lowers Holdings in Emerson Electric Co. $EMR

Mcdaniel Terry & Co. lowered its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 286,184 shares of the industrial products company’s stock after selling 373 shares during the quarter. Emerson Electric makes up 3.1% of Mcdaniel Terry & Co.’s portfolio, making the stock its 13th biggest holding. Mcdaniel Terry & Co. owned approximately 0.05% of Emerson Electric worth $38,157,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in EMR. Allied Investment Advisors LLC grew its stake in Emerson Electric by 1.5% during the second quarter. Allied Investment Advisors LLC now owns 105,167 shares of the industrial products company’s stock valued at $14,022,000 after acquiring an additional 1,542 shares in the last quarter. Sage Mountain Advisors LLC boosted its holdings in shares of Emerson Electric by 33.6% during the 2nd quarter. Sage Mountain Advisors LLC now owns 4,631 shares of the industrial products company’s stock valued at $617,000 after purchasing an additional 1,164 shares during the last quarter. Moment Partners LLC grew its position in shares of Emerson Electric by 4.2% during the second quarter. Moment Partners LLC now owns 3,617 shares of the industrial products company’s stock valued at $482,000 after purchasing an additional 147 shares in the last quarter. AlphaQuest LLC increased its holdings in shares of Emerson Electric by 295,000.0% in the second quarter. AlphaQuest LLC now owns 2,951 shares of the industrial products company’s stock worth $393,000 after purchasing an additional 2,950 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Emerson Electric by 0.5% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,140,674 shares of the industrial products company’s stock worth $285,416,000 after buying an additional 10,321 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EMR. Citigroup lifted their price objective on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. KeyCorp raised their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Jefferies Financial Group decreased their price target on shares of Emerson Electric from $160.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. Royal Bank Of Canada lifted their price objective on shares of Emerson Electric from $154.00 to $155.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $140.00 target price (down from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $148.28.

Emerson Electric Stock Performance

Emerson Electric stock opened at $132.81 on Friday. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The company’s 50-day moving average is $131.77 and its 200 day moving average is $126.91. The firm has a market capitalization of $74.75 billion, a P/E ratio of 28.56, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29. 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 issued its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The firm had revenue of $3.16 billion for the quarter. Research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

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

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.