Centerstone Investors LLC Sells 8,783 Shares of Emerson Electric Co. $EMR

Key Points

• Centerstone Investors LLC has significantly reduced its stake in Emerson Electric Co. by 45.5%, leaving it with 10,533 shares valued at approximately $1,155,000.
• Emerson Electric's stock recently closed at $129.57 and has a market cap of $72.92 billion.
• The company announced a quarterly dividend of $0.5275 per share, which equates to an annualized dividend of $2.11 and a yield of 1.6%.

Centerstone Investors LLC decreased its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 45.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,533 shares of the industrial products company's stock after selling 8,783 shares during the quarter. Emerson Electric accounts for approximately 2.7% of Centerstone Investors LLC's investment portfolio, making the stock its 7th largest holding. Centerstone Investors LLC's holdings in Emerson Electric were worth $1,155,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new position in Emerson Electric during the fourth quarter valued at approximately $25,000. Vega Investment Solutions purchased a new position in Emerson Electric during the fourth quarter valued at approximately $27,000. Saudi Central Bank purchased a new position in Emerson Electric during the first quarter valued at approximately $25,000. Ameriflex Group Inc. purchased a new position in Emerson Electric during the fourth quarter valued at approximately $30,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new position in Emerson Electric during the first quarter valued at approximately $27,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Bank of America lifted their price target on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Stephens boosted their price objective on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $125.00 to $127.00 in a research report on Thursday, August 7th. Wells Fargo & Company boosted their price objective on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Finally, Citigroup boosted their price objective on Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Emerson Electric has a consensus rating of "Moderate Buy" and a consensus price target of $142.39.

Emerson Electric Trading Down 0.0%

NYSE EMR traded down $0.00 on Monday, reaching $132.55. 2,152,382 shares of the company were exchanged, compared to its average volume of 3,139,150. The business's fifty day moving average price is $137.59 and its 200 day moving average price is $122.38. The stock has a market capitalization of $74.60 billion, a P/E ratio of 28.50, a price-to-earnings-growth 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. 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 released its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping analysts' consensus estimates of $1.51 by $0.01. The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The firm's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 earnings per share. Analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.5275 per share. The ex-dividend date is Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric's dividend payout ratio (DPR) is currently 45.38%.

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.