Baird Financial Group Inc. Sells 13,600 Shares of Emerson Electric Co. $EMR

Key Points

• Baird Financial Group Inc. reduced its ownership in Emerson Electric Co. by 2.0%, selling 13,600 shares to hold a total of 664,118 shares worth approximately $72.81 million.
• Emerson Electric reported a quarterly EPS of $1.52, slightly exceeding forecasts, with revenues at $4.55 billion which was below analysts' expectations.
• The company announced a quarterly dividend of $0.5275, representing an annual yield of 1.6%, with a payout ratio of 45.38%.

Baird Financial Group Inc. lessened its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 2.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 664,118 shares of the industrial products company's stock after selling 13,600 shares during the quarter. Baird Financial Group Inc. owned 0.12% of Emerson Electric worth $72,814,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of EMR. Brighton Jones LLC boosted its stake in Emerson Electric by 74.1% during the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock valued at $1,412,000 after purchasing an additional 4,850 shares during the period. Gallagher Fiduciary Advisors LLC lifted its holdings in shares of Emerson Electric by 20.7% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 3,121 shares of the industrial products company's stock valued at $387,000 after purchasing an additional 535 shares in the last quarter. Accredited Wealth Management LLC acquired a new position in shares of Emerson Electric in the fourth quarter worth $208,000. AXA S.A. increased its position in Emerson Electric by 857.7% during the fourth quarter. AXA S.A. now owns 340,141 shares of the industrial products company's stock worth $42,154,000 after buying an additional 304,626 shares during the last quarter. Finally, Aptus Capital Advisors LLC raised its holdings in Emerson Electric by 83.2% during the fourth quarter. Aptus Capital Advisors LLC now owns 16,112 shares of the industrial products company's stock valued at $1,997,000 after buying an additional 7,319 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Trading Down 1.4%

Shares of EMR stock traded down $1.81 on Wednesday, hitting $129.57. The stock had a trading volume of 2,059,785 shares, compared to its average volume of 3,145,727. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The firm has a market cap of $72.92 billion, a P/E ratio of 27.86, a PEG ratio of 2.58 and a beta of 1.30. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The company has a fifty day moving average price of $137.60 and a two-hundred day moving average price of $122.24.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The company had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.60 billion. During the same quarter in the previous year, the business earned $1.43 EPS. The firm's revenue was up 3.9% on a year-over-year basis. As a group, analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be paid a $0.5275 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. Emerson Electric's dividend payout ratio is presently 45.38%.

Analysts Set New Price Targets

Several research analysts recently commented on EMR shares. Wells Fargo & Company raised their target price on Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Robert W. Baird cut their target price on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. KeyCorp boosted their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Citigroup boosted their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Emerson Electric presently has a consensus rating of "Moderate Buy" and a consensus price target of $142.39.

Emerson Electric Company 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.