UNIVEST FINANCIAL Corp Sells 80 Shares of Emerson Electric Co. $EMR

UNIVEST FINANCIAL Corp cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 3.0% in the second quarter, HoldingsChannel reports. The fund owned 2,613 shares of the industrial products company’s stock after selling 80 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Emerson Electric were worth $348,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Simon Quick Advisors LLC boosted its stake in Emerson Electric by 836.1% in the 2nd quarter. Simon Quick Advisors LLC now owns 34,570 shares of the industrial products company’s stock worth $4,609,000 after purchasing an additional 30,877 shares during the period. Savvy Advisors Inc. grew its holdings in Emerson Electric by 121.9% during the 2nd quarter. Savvy Advisors Inc. now owns 6,613 shares of the industrial products company’s stock valued at $882,000 after buying an additional 3,633 shares in the last quarter. Assetmark Inc. grew its holdings in Emerson Electric by 20.7% during the 2nd quarter. Assetmark Inc. now owns 12,620 shares of the industrial products company’s stock valued at $1,683,000 after buying an additional 2,167 shares in the last quarter. Keybank National Association OH grew its holdings in Emerson Electric by 27.8% during the 2nd quarter. Keybank National Association OH now owns 659,774 shares of the industrial products company’s stock valued at $87,968,000 after buying an additional 143,329 shares in the last quarter. Finally, HBK Sorce Advisory LLC grew its holdings in Emerson Electric by 3.7% during the 2nd quarter. HBK Sorce Advisory LLC now owns 8,802 shares of the industrial products company’s stock valued at $1,174,000 after buying an additional 312 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EMR. Wolfe Research cut their price objective on shares of Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. Barclays raised shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Royal Bank Of Canada increased their target price on Emerson Electric from $154.00 to $155.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Finally, JPMorgan Chase & Co. increased their target price on Emerson Electric from $135.00 to $151.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. 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. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $148.28.

Emerson Electric Stock Up 0.3%

NYSE EMR opened at $136.90 on Friday. The stock has a 50 day moving average price of $132.14 and a 200-day moving average price of $128.06. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The company has a market capitalization of $77.05 billion, a P/E ratio of 29.44, a P/E/G ratio of 2.36 and a beta of 1.29. 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 (NYSE:EMR) last released 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 company had revenue of $3.16 billion for the quarter. As a group, equities analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal 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 issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, August 15th. Emerson Electric’s dividend payout ratio is presently 45.38%.

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.