Emerson Electric Co. $EMR Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR) by 38.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,407 shares of the industrial products company’s stock after selling 1,497 shares during the quarter. Kovack Advisors Inc.’s holdings in Emerson Electric were worth $321,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wellington Management Group LLP lifted its holdings in Emerson Electric by 6.9% during 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 buying an additional 980,652 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Emerson Electric by 19.5% during the 2nd 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 last quarter. JPMorgan Chase & Co. lifted its holdings in Emerson Electric by 9.3% during the 1st quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company’s stock worth $785,770,000 after buying an additional 611,105 shares during the last quarter. Nuveen LLC purchased a new stake in Emerson Electric during the 1st quarter worth about $737,318,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Emerson Electric by 5.8% during the 1st 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 worth $448,053,000 after buying an additional 223,831 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Up 2.2%

EMR opened at $139.83 on Monday. The business has a 50 day moving average price of $132.26 and a two-hundred day moving average price of $128.74. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The company has a market cap of $78.70 billion, a PE ratio of 30.07, a P/E/G ratio of 2.36 and a beta of 1.29. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27.

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

Emerson Electric Announces Dividend

The business 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. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 annualized dividend and a yield of 1.5%. Emerson Electric’s dividend payout ratio is currently 45.38%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price target on Emerson Electric from $135.00 to $151.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $140.00 price target (down from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. Deutsche Bank Aktiengesellschaft boosted their target price on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Royal Bank Of Canada boosted their target price on Emerson Electric from $154.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Finally, Daiwa Capital Markets boosted their target price on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Two investment 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 given 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 target price of $148.28.

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.