Emerson Electric Co. $EMR Shares Sold by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. decreased its stake in Emerson Electric Co. by 10.2% in the first quarter, now holding 83,869 shares valued at approximately $9.2 million.
• Multiple analysts have recently upgraded their price targets for Emerson Electric, with targets reaching as high as $165 and a consensus rating of "Moderate Buy."
• Emerson Electric announced a quarterly dividend of $0.5275, which translates to an annualized yield of 1.6%, to be paid on September 10th.

Advisors Asset Management Inc. lessened its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 10.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 83,869 shares of the industrial products company's stock after selling 9,505 shares during the quarter. Advisors Asset Management Inc.'s holdings in Emerson Electric were worth $9,195,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Clark Capital Management Group Inc. raised its stake in shares of Emerson Electric by 7.7% in the fourth quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock worth $749,000 after purchasing an additional 434 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Emerson Electric by 2.7% in the first quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company's stock worth $23,271,000 after purchasing an additional 5,504 shares during the last quarter. North Capital Inc. purchased a new position in shares of Emerson Electric in the first quarter worth about $211,000. Zurich Insurance Group Ltd FI purchased a new position in shares of Emerson Electric in the fourth quarter worth about $3,003,000. Finally, Golden State Equity Partners purchased a new position in shares of Emerson Electric in the first quarter worth about $459,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Stock Down 0.0%

NYSE EMR traded down $0.00 during trading hours on Monday, hitting $132.55. 2,007,112 shares of the company were exchanged, compared to its average volume of 3,138,290. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The firm has a market cap of $74.60 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 2.58 and a beta of 1.30. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average of $137.59 and a two-hundred day moving average of $122.38.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The business's revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.43 EPS. Equities research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. KeyCorp lifted their price target on Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. lifted their price target on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. 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. 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. Finally, Wells Fargo & Company boosted their price objective on Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and an average 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.