Hudson Value Partners LLC Decreases Stock Position in Emerson Electric Co. (NYSE:EMR)

Hudson Value Partners LLC lowered its position in shares of Emerson Electric Co. (NYSE:EMR) by 8.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,865 shares of the industrial products company’s stock after selling 955 shares during the period. Hudson Value Partners LLC’s holdings in Emerson Electric were worth $1,188,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Transcendent Capital Group LLC purchased a new position in Emerson Electric in the 1st quarter valued at about $31,000. Meeder Asset Management Inc. boosted its holdings in Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 235 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new stake in Emerson Electric during the 3rd quarter valued at approximately $33,000. Versant Capital Management Inc raised its position in shares of Emerson Electric by 471.9% in the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 269 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Emerson Electric during the 3rd quarter valued at approximately $43,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EMR has been the topic of several recent analyst reports. Morgan Stanley initiated coverage on shares of Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target on the stock. Oppenheimer increased their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. KeyCorp lifted their target price on Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $127.65.

Emerson Electric Trading Up 0.3 %

Emerson Electric stock opened at $127.19 on Friday. Emerson Electric Co. has a 12-month low of $84.61 and a 12-month high of $127.74. The stock has a market capitalization of $72.84 billion, a PE ratio of 42.68, a price-to-earnings-growth ratio of 1.68 and a beta of 1.30. The firm has a 50 day simple moving average of $107.50 and a 200-day simple moving average of $109.05. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The company had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. Emerson Electric’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.29 EPS. As a group, equities research analysts expect that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a $0.5275 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.66%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is currently 70.47%.

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.