Physicians Financial Services Inc. Lowers Position in Emerson Electric Co. (NYSE:EMR)

Physicians Financial Services Inc. lowered its holdings in Emerson Electric Co. (NYSE:EMR) by 5.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,859 shares of the industrial products company’s stock after selling 300 shares during the quarter. Physicians Financial Services Inc.’s holdings in Emerson Electric were worth $531,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Transcendent Capital Group LLC bought a new position in shares of Emerson Electric during the 1st quarter worth approximately $31,000. Meeder Asset Management Inc. lifted its holdings in shares of Emerson Electric by 361.5% during the 2nd 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 shares of Emerson Electric in the 3rd quarter worth $33,000. Versant Capital Management Inc grew its stake in Emerson Electric by 471.9% during the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock worth $36,000 after buying an additional 269 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in Emerson Electric in the third quarter valued at about $43,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Trading Up 0.3 %

Emerson Electric stock traded up $0.34 during mid-day trading on Friday, hitting $127.53. The company’s stock had a trading volume of 326,424 shares, compared to its average volume of 2,721,241. Emerson Electric Co. has a 1 year low of $85.00 and a 1 year high of $128.12. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $73.04 billion, a PE ratio of 37.19, a price-to-earnings-growth ratio of 1.68 and a beta of 1.30. The stock’s fifty day moving average is $107.50 and its two-hundred day moving average is $109.05.

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

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.65%. The ex-dividend date is Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

Analysts Set New Price Targets

EMR has been the topic of a number of recent analyst reports. KeyCorp upped their price target on shares of Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday. Wells Fargo & Company raised their target price on Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday. Morgan Stanley initiated coverage on Emerson Electric in a research note on Friday, September 6th. They set an “underweight” rating and a $105.00 price target on the stock. Royal Bank of Canada decreased their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.65.

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.