Emerson Electric Co. $EMR Shares Sold by Dogwood Wealth Management LLC

Key Points

• Dogwood Wealth Management LLC significantly reduced its stake in **Emerson Electric Co.** by **96.4%**, now holding only 188 shares valued at **$26,000**.
• Many institutional investors, including **Wellington Management Group** and **Goldman Sachs**, have increased their holdings in Emerson Electric, which now boasts **74.30%** of its stock owned by institutional investors.
• Analysts have upgraded Emerson Electric's stock ratings and target prices, with the average target now at **$143.76** and several firms giving it a **"buy"** or **"outperform"** rating.

Dogwood Wealth Management LLC reduced its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 96.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188 shares of the industrial products company's stock after selling 5,056 shares during the period. Dogwood Wealth Management LLC's holdings in Emerson Electric were worth $26,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Wellington Management Group LLP increased its holdings in shares of Emerson Electric by 6.9% in the first quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company's stock valued at $1,675,403,000 after purchasing an additional 980,652 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Emerson Electric by 9.3% in the first quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company's stock valued at $785,770,000 after purchasing an additional 611,105 shares during the period. Nuveen LLC acquired a new position in shares of Emerson Electric in the first quarter valued at about $737,318,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Emerson Electric by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,086,580 shares of the industrial products company's stock valued at $448,053,000 after purchasing an additional 223,831 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Emerson Electric by 18.0% in the first quarter. Goldman Sachs Group Inc. now owns 3,793,436 shares of the industrial products company's stock valued at $415,912,000 after purchasing an additional 579,653 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Daiwa Capital Markets upped their target price on Emerson Electric from $150.00 to $153.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 24th. Citigroup upped their target price on Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Bank of America upped their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Finally, Wells Fargo & Company upped their target price 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 investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Emerson Electric currently has an average rating of "Moderate Buy" and an average price target of $143.76.

Emerson Electric Stock Up 1.5%

EMR opened at $131.18 on Wednesday. The business's 50-day simple moving average is $135.02 and its 200-day simple moving average is $124.21. 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 Co. has a one year low of $90.06 and a one year high of $150.27. The stock has a market capitalization of $73.83 billion, a P/E ratio of 28.21, a price-to-earnings-growth ratio of 2.45 and a beta of 1.30.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.01. The firm had revenue of $4.55 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.43 EPS. Analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a $0.5275 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.11 annualized dividend and a yield of 1.6%. Emerson Electric's payout ratio is 45.38%.

Emerson Electric 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.

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