Emerson Electric Co. $EMR Holdings Trimmed by Geneos Wealth Management Inc.

Key Points

• Geneos Wealth Management Inc. has reduced its stake in Emerson Electric Co. by 16.1%, now holding 38,501 shares worth $4,221,000 after selling 7,391 shares during the first quarter.
• Analysts have raised their price targets for Emerson Electric, with the average price target now set at $142.39, while two analysts assign a Strong Buy rating to the stock.
• Emerson Electric recently disclosed a quarterly dividend of $0.5275, translating to an annual yield of 1.6% with a payout ratio of 45.38%.

Geneos Wealth Management Inc. lessened its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 16.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,501 shares of the industrial products company's stock after selling 7,391 shares during the quarter. Geneos Wealth Management Inc.'s holdings in Emerson Electric were worth $4,221,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC grew its stake in Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock valued at $1,412,000 after buying an additional 4,850 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new position in shares of Emerson Electric in the fourth quarter valued at about $1,239,000. OMERS ADMINISTRATION Corp increased its position in shares of Emerson Electric by 20.4% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 23,827 shares of the industrial products company's stock valued at $2,953,000 after buying an additional 4,041 shares during the period. Northwest Quadrant Wealth Management LLC purchased a new position in shares of Emerson Electric during the fourth quarter valued at about $222,000. Finally, NorthRock Partners LLC grew its holdings in Emerson Electric by 113.8% in the fourth quarter. NorthRock Partners LLC now owns 7,782 shares of the industrial products company's stock worth $964,000 after purchasing an additional 4,142 shares during the period. Institutional investors own 74.30% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EMR. Stephens increased their price objective 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. Barclays upgraded shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $125.00 to $127.00 in a research report on Thursday, August 7th. Bank of America lifted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Citigroup raised their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given 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 currently has a consensus rating of "Moderate Buy" and an average price target of $142.39.

Emerson Electric Stock Down 1.7%

Shares of NYSE EMR traded down $2.28 during midday trading on Friday, hitting $135.19. The company's stock had a trading volume of 1,821,855 shares, compared to its average volume of 2,516,617. The business's fifty day simple moving average is $137.38 and its two-hundred day simple moving average is $122.84. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The firm has a market capitalization of $76.08 billion, a price-to-earnings ratio of 29.07, a price-to-earnings-growth ratio of 2.68 and a beta of 1.30.

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 analysts' expectations of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm's revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the company earned $1.43 earnings per share. On average, equities analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

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

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.