Guggenheim Capital LLC Sells 14,898 Shares of Emerson Electric Co. $EMR

Key Points

• Guggenheim Capital LLC has reduced its stake in Emerson Electric Co. by 12.2%, selling 14,898 shares and now holds 106,808 shares valued at approximately $11.71 million.
• Emerson Electric's stock has received multiple upgrades from analysts, with price targets raised to between $150 and $155, indicating strong confidence in the company's performance.
• The company announced a quarterly dividend of $0.5275 per share, equating to an annualized dividend yield of 1.6%, with a payout ratio of 45.38%.

Guggenheim Capital LLC decreased its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 12.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106,808 shares of the industrial products company's stock after selling 14,898 shares during the period. Guggenheim Capital LLC's holdings in Emerson Electric were worth $11,710,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Clark Capital Management Group Inc. increased its position in Emerson Electric by 7.7% during the fourth quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock valued at $749,000 after acquiring an additional 434 shares during the last quarter. First Horizon Advisors Inc. grew its holdings 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. bought a new position in shares of Emerson Electric in the first quarter worth about $211,000. Zurich Insurance Group Ltd FI bought a new position in shares of Emerson Electric in the fourth quarter worth about $3,003,000. Finally, Golden State Equity Partners bought a new position in shares of Emerson Electric in the first quarter worth about $459,000. Institutional investors own 74.30% of the company's stock.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of research analyst reports. KeyCorp upped their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Bank of America upped their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, Wells Fargo & Company upped their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $142.39.

Emerson Electric Stock Performance

EMR stock opened at $133.34 on Thursday. The firm has a market cap of $75.05 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 2.60 and a beta of 1.32. The firm has a 50-day simple moving average of $137.34 and a two-hundred day simple moving average of $122.06. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. 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 (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.51 by $0.01. The business had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The company's quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 earnings per share. On average, equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be given a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend 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%.

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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