Douglas Lane & Associates LLC Cuts Stake in Emerson Electric Co. (NYSE:EMR)

Douglas Lane & Associates LLC cut its position in Emerson Electric Co. (NYSE:EMR) by 1.2% during the second quarter, HoldingsChannel reports. The firm owned 8,079 shares of the industrial products company’s stock after selling 100 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Emerson Electric were worth $890,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. American National Bank & Trust Co. VA purchased a new position in Emerson Electric in the 1st quarter valued at about $1,011,000. Vanguard Personalized Indexing Management LLC grew its stake in Emerson Electric by 23.8% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 48,321 shares of the industrial products company’s stock valued at $4,703,000 after purchasing an additional 9,300 shares in the last quarter. Capital Advisors Inc. OK boosted its stake in shares of Emerson Electric by 821.0% during the 4th quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock valued at $8,393,000 after buying an additional 76,868 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in Emerson Electric in the fourth quarter valued at about $3,358,000. Finally, Exencial Wealth Advisors LLC raised its position in shares of Emerson Electric by 17.6% during the 4th quarter. Exencial Wealth Advisors LLC now owns 49,112 shares of the industrial products company’s stock valued at $4,780,000 after acquiring an additional 7,358 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR traded up $1.37 during mid-day trading on Tuesday, reaching $107.76. The company’s stock had a trading volume of 3,019,009 shares, compared to its average volume of 2,631,860. The business has a 50-day simple moving average of $111.19 and a two-hundred day simple moving average of $109.09. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53. The stock has a market cap of $61.65 billion, a P/E ratio of 5.77, a PEG ratio of 1.93 and a beta of 1.32. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.11. The business had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.29 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the business earned $1.09 EPS. As a group, equities research analysts anticipate that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.95%. Emerson Electric’s dividend payout ratio is currently 11.24%.

Analyst Ratings Changes

Several research firms have recently commented on EMR. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Redburn Atlantic began coverage on shares of Emerson Electric in a report on Monday, July 8th. They issued a “buy” rating and a $135.00 price target for the company. Mizuho increased their price target on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Robert W. Baird cut their target price on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Finally, Barclays boosted their price objective on shares of Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.88.

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.