Emerson Electric Co. $EMR Shares Sold by Chilton Capital Management LLC

Chilton Capital Management LLC decreased its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 255,036 shares of the industrial products company’s stock after selling 904 shares during the period. Emerson Electric comprises approximately 1.2% of Chilton Capital Management LLC’s holdings, making the stock its 25th biggest holding. Chilton Capital Management LLC’s holdings in Emerson Electric were worth $34,004,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its holdings in shares of Emerson Electric by 6.9% in the 1st quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company’s stock worth $1,675,403,000 after acquiring an additional 980,652 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Emerson Electric by 19.5% in the second quarter. Nordea Investment Management AB now owns 9,195,005 shares of the industrial products company’s stock worth $1,223,947,000 after buying an additional 1,499,000 shares during the period. JPMorgan Chase & Co. increased its stake in Emerson Electric by 9.3% in the 1st quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company’s stock valued at $785,770,000 after buying an additional 611,105 shares during the period. Nuveen LLC acquired a new stake in Emerson Electric during the first quarter valued at $737,318,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Emerson Electric by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,086,580 shares of the industrial products company’s stock valued at $448,053,000 after buying an additional 223,831 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EMR has been the topic of several analyst reports. KeyCorp boosted their price target 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. Bank of America boosted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Citigroup boosted 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. Royal Bank Of Canada raised their target price on shares of Emerson Electric from $154.00 to $155.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $140.00 price objective (down from $150.00) on shares of Emerson Electric in a research report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $148.28.

Emerson Electric Trading Down 0.3%

Shares of EMR 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 has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The stock has a market capitalization of $74.75 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 2.29 and a beta of 1.29. The company’s fifty day simple moving average is $131.77 and its two-hundred day simple moving average is $127.14.

Emerson Electric (NYSE:EMR) last announced its 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 business had revenue of $3.16 billion for the quarter. As a group, analysts anticipate 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 given a dividend of $0.5275 per share. The ex-dividend date was Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. Emerson Electric’s payout ratio 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.