Campbell Newman Asset Management Inc. Sells 9,632 Shares of Emerson Electric Co. $EMR

Key Points

• Campbell Newman Asset Management Inc. reduced its stake in Emerson Electric Co. by 3.8%, selling 9,632 shares during the second quarter, bringing its total holdings to 243,285 shares valued at approximately $32.4 million.
• Emerson Electric's stock has received positive attention from analysts, with several raising their price targets, including Citigroup which increased from $146.00 to $165.00 and gave it a "buy" rating.
• The company also announced a quarterly dividend of $0.5275 per share, with an annualized dividend yield of 1.6% and a payout ratio of 45.38%.

Campbell Newman Asset Management Inc. lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 3.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 243,285 shares of the industrial products company's stock after selling 9,632 shares during the quarter. Emerson Electric comprises 2.6% of Campbell Newman Asset Management Inc.'s investment portfolio, making the stock its 14th largest position. Campbell Newman Asset Management Inc.'s holdings in Emerson Electric were worth $32,437,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its position in shares of 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 buying an additional 4,850 shares in the last quarter. AdvisorNet Financial Inc increased its stake in Emerson Electric by 17.1% in the first quarter. AdvisorNet Financial Inc now owns 1,940 shares of the industrial products company's stock valued at $213,000 after acquiring an additional 284 shares during the last quarter. GAMMA Investing LLC raised its position in Emerson Electric by 12,707.7% during the first quarter. GAMMA Investing LLC now owns 1,126,441 shares of the industrial products company's stock valued at $123,503,000 after purchasing an additional 1,117,646 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in Emerson Electric by 11.2% during the first quarter. Fifth Third Wealth Advisors LLC now owns 13,028 shares of the industrial products company's stock worth $1,428,000 after purchasing an additional 1,317 shares during the last quarter. Finally, Czech National Bank increased its position in shares of Emerson Electric by 4.8% during the 1st quarter. Czech National Bank now owns 129,519 shares of the industrial products company's stock valued at $14,200,000 after purchasing an additional 5,888 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. KeyCorp lifted their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Citigroup lifted their target price 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. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Barclays raised Emerson Electric from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. Finally, Bank of America increased their target price on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $143.76.

Emerson Electric Trading Up 0.5%

NYSE EMR opened at $129.22 on Tuesday. The stock has a market cap of $72.73 billion, a P/E ratio of 27.79, a price-to-earnings-growth ratio of 2.44 and a beta of 1.30. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The stock has a 50 day simple moving average of $135.29 and a two-hundred day simple moving average of $124.16. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85.

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

Emerson Electric Dividend Announcement

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

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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