Bartlett & CO. Wealth Management LLC Sells 272 Shares of Emerson Electric Co. (NYSE:EMR)

Bartlett & CO. Wealth Management LLC lowered its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,355 shares of the industrial products company’s stock after selling 272 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Emerson Electric were worth $10,757,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise lifted its position in Emerson Electric by 20.5% during the 1st quarter. Banque Cantonale Vaudoise now owns 14,609 shares of the industrial products company’s stock worth $1,657,000 after buying an additional 2,481 shares in the last quarter. Wedmont Private Capital increased its holdings in shares of Emerson Electric by 6.5% in the first quarter. Wedmont Private Capital now owns 4,357 shares of the industrial products company’s stock valued at $498,000 after purchasing an additional 266 shares in the last quarter. RFG Advisory LLC lifted its holdings in Emerson Electric by 8.4% during the 1st quarter. RFG Advisory LLC now owns 9,573 shares of the industrial products company’s stock worth $1,086,000 after buying an additional 742 shares in the last quarter. Douglas Lane & Associates LLC boosted its position in Emerson Electric by 5.1% in the 1st quarter. Douglas Lane & Associates LLC now owns 8,179 shares of the industrial products company’s stock valued at $928,000 after buying an additional 398 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of Emerson Electric by 4.9% in the 1st quarter. International Assets Investment Management LLC now owns 3,175 shares of the industrial products company’s stock valued at $360,000 after buying an additional 149 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $110.44 on Friday. The company has a fifty day moving average price of $105.66 and a 200 day moving average price of $109.20. The firm has a market cap of $63.18 billion, a PE ratio of 5.91, a PEG ratio of 1.70 and a beta of 1.30. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53.

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

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is currently 11.24%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Robert W. Baird upped their target price on shares of Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $135.00 to $120.00 in a research note on Wednesday. Royal Bank of Canada dropped their target price on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Wells Fargo & Company reduced their price target on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Oppenheimer upped their price objective on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.47.

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.