Emerson Electric Co. $EMR Shares Sold by RFG Advisory LLC

Key Points

• RFG Advisory LLC reduced its stake in Emerson Electric Co. by 24.8%, owning a total of 12,078 shares valued at approximately $1.61 million as of the last quarter.
• Emerson Electric has a current market cap of $73.21 billion and reported earnings of $0.79 per share with revenue of $3.16 billion for the latest quarter.
• The firm recently declared a quarterly dividend of $0.5275 per share, reflecting an annual dividend yield of 1.6% and a payout ratio of 45.38%.

RFG Advisory LLC cut its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 24.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 12,078 shares of the industrial products company's stock after selling 3,974 shares during the period. RFG Advisory LLC's holdings in Emerson Electric were worth $1,610,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Saudi Central Bank acquired a new stake in shares of Emerson Electric in the first quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Emerson Electric in the first quarter valued at about $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Emerson Electric in the first quarter valued at about $28,000. Fourth Dimension Wealth LLC raised its position in shares of Emerson Electric by 145.3% in the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after buying an additional 154 shares during the last quarter. Finally, PFS Partners LLC raised its position in shares of Emerson Electric by 65.9% in the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company's stock valued at $36,000 after buying an additional 108 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Trading Up 0.2%

Shares of EMR stock opened at $130.08 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The firm has a market cap of $73.21 billion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 2.25 and a beta of 1.29. The company has a 50-day moving average of $132.08 and a two-hundred day moving average of $125.54. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. The company had revenue of $3.16 billion during the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. On average, analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

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

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of recent research reports. Stephens increased their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Wells Fargo & Company reissued an "equal weight" rating and issued a $140.00 price objective (down previously from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. JPMorgan Chase & Co. upped their price objective on shares of Emerson Electric from $135.00 to $151.00 and gave the company a "neutral" rating in a report on Wednesday. TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Citigroup upped their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a report on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $146.56.

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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