Emerson Electric Co. $EMR Position Decreased by DMKC Advisory Services LLC

Key Points

• DMKC Advisory Services cut its Emerson Electric stake by 82.8% in the third quarter, selling 9,177 shares and retaining 1,901 shares valued at about $295,000.
• Analyst sentiment is broadly positive: 18 analysts rate the stock Buy or Strong Buy, and the consensus rating is “Moderate Buy” with a $175.38 price target.
• Emerson beat quarterly earnings and revenue estimates, reporting $1.86 per share and $5.20 billion in revenue; it also raised its quarterly dividend to $0.595 per share.

DMKC Advisory Services LLC cut its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 82.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,901 shares of the industrial products company's stock after selling 9,177 shares during the period. DMKC Advisory Services LLC's holdings in Emerson Electric were worth $295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Raleigh Capital Management Inc. boosted its stake in Emerson Electric by 21.0% during the third quarter. Raleigh Capital Management Inc. now owns 363 shares of the industrial products company's stock worth $56,000 after buying an additional 63 shares during the last quarter. SeaCrest Wealth Management LLC grew its holdings in Emerson Electric by 1.1% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 5,828 shares of the industrial products company's stock valued at $904,000 after buying an additional 64 shares in the last quarter. TOWER TRUST & INVESTMENT Co increased its stake in shares of Emerson Electric by 0.8% in the 3rd quarter. TOWER TRUST & INVESTMENT Co now owns 8,238 shares of the industrial products company's stock worth $1,278,000 after acquiring an additional 66 shares during the last quarter. Forvis Mazars Wealth Advisors LLC increased its stake in shares of Emerson Electric by 0.6% in the 3rd quarter. Forvis Mazars Wealth Advisors LLC now owns 12,044 shares of the industrial products company's stock worth $1,868,000 after acquiring an additional 67 shares during the last quarter. Finally, Raiffeisen Bank International AG raised its holdings in shares of Emerson Electric by 0.5% during the 2nd quarter. Raiffeisen Bank International AG now owns 14,777 shares of the industrial products company's stock worth $2,110,000 after acquiring an additional 68 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Emerson Electric from $177.00 to $180.00 and gave the company an "overweight" rating in a research report on Thursday, November 5th. Sanford C. Bernstein raised their price objective on shares of Emerson Electric from $186.00 to $196.00 and gave the stock an "outperform" rating in a research report on Thursday, November 5th. BMO Capital Markets raised shares of Emerson Electric from a "hold" rating to a "strong-buy" rating in a research note on Sunday, November 1st. KeyCorp lifted their target price on shares of Emerson Electric from $170.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, November 5th. Finally, Citigroup boosted their target price on shares of Emerson Electric from $182.00 to $198.00 and gave the company a "buy" rating in a report on Thursday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Emerson Electric has an average rating of "Moderate Buy" and a consensus target price of $175.38.

Emerson Electric Price Performance

NYSE:EMR opened at $169.56 on Tuesday. Emerson Electric Co. has a 52 week low of $122.64 and a 52 week high of $172.00. The company has a quick ratio of 0.66, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $94.97 billion, a P/E ratio of 35.47, a P/E/G ratio of 2.41 and a beta of 1.23. The stock's fifty day moving average is $158.19 and its two-hundred day moving average is $147.71.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The industrial products company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.85 by $0.01. The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.11 billion. Emerson Electric had a return on equity of 18.08% and a net margin of 14.15%. The company's quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.62 EPS. Equities analysts expect that Emerson Electric Co. will post 7.34 EPS for the current year.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 13th will be given a $0.5950 dividend. The ex-dividend date of this dividend is Friday, November 13th. This is an increase from Emerson Electric's previous quarterly dividend of $0.5550. This represents a $2.38 dividend on an annualized basis and a yield of 1.4%. Emerson Electric's dividend payout ratio is currently 46.44%.

Emerson Electric Company Profile

Emerson Electric Co is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software.

The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.

Founded in 1890 and headquartered in St.

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