Birmingham Capital Management Co. Inc. AL Has $7.53 Million Stock Holdings in Emerson Electric Co. $EMR

Key Points

• Birmingham Capital Management Co. Inc. AL reduced its stake in Emerson Electric Co. by 16.0% in the second quarter, now holding 56,475 shares worth approximately $7.53 million.
• Emerson Electric announced a quarterly dividend of $0.5275 per share, representing an annual yield of 1.6% and a payout ratio of 45.38%.
• Analysts have mixed ratings for Emerson Electric, with a current average recommendation of "Moderate Buy" and a target price around $148.28.

Birmingham Capital Management Co. Inc. AL lowered its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 16.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,475 shares of the industrial products company's stock after selling 10,766 shares during the period. Emerson Electric comprises 3.3% of Birmingham Capital Management Co. Inc. AL's holdings, making the stock its 6th largest position. Birmingham Capital Management Co. Inc. AL's holdings in Emerson Electric were worth $7,530,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Saudi Central Bank bought a new stake in shares of Emerson Electric in the 1st quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Emerson Electric in the 1st quarter valued at $27,000. Inlight Wealth Management LLC bought a new stake in shares of Emerson Electric in the 1st quarter valued at $28,000. Fourth Dimension Wealth LLC increased its holdings in Emerson Electric by 145.3% during the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock worth $29,000 after purchasing an additional 154 shares in the last quarter. Finally, Garde Capital Inc. bought a new position in Emerson Electric during the 1st quarter worth about $36,000. Institutional investors own 74.30% of the company's stock.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $129.34 on Monday. The stock has a market capitalization of $72.79 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 2.24 and a beta of 1.29. The business has a 50-day moving average of $131.93 and a 200-day moving average of $126.07. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company had revenue of $3.16 billion during the quarter. As a group, sell-side analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a dividend of $0.5275 per share. The ex-dividend date was 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 (DPR) is presently 45.38%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. KeyCorp increased their target price on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Deutsche Bank Aktiengesellschaft increased their target price on Emerson Electric from $157.00 to $159.00 and gave the stock a "buy" rating in a report on Thursday, October 2nd. Royal Bank Of Canada increased their target price on Emerson Electric from $154.00 to $155.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, Wells Fargo & Company reiterated an "equal weight" rating and set a $140.00 target price (down previously from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Emerson Electric presently has an average rating of "Moderate Buy" and an average target price of $148.28.

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.

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