Hanson & Doremus Investment Management Has $1.46 Million Stock Position in Emerson Electric Co. $EMR

Key Points

• Hanson & Doremus Investment Management reduced its holdings in Emerson Electric by 42.4% in Q2, leaving them with 10,928 shares valued at approximately $1.46 million.
• Several institutional investors, including Wellington Management and Goldman Sachs, have increased their stakes in Emerson Electric, which is currently held 74.30% by these entities.
• Emerson Electric reported a quarterly EPS of $1.52, slightly above analysts' expectations, and announced a quarterly dividend of $0.5275 with a yield of 1.6%.

Hanson & Doremus Investment Management trimmed its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 42.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,928 shares of the industrial products company's stock after selling 8,055 shares during the quarter. Hanson & Doremus Investment Management's holdings in Emerson Electric were worth $1,457,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on EMR shares. Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. Stephens lifted their price objective on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Daiwa Capital Markets lifted their price objective on Emerson Electric from $150.00 to $153.00 and gave the company an "outperform" rating in a report on Wednesday, September 24th. TD Cowen upgraded Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Bank of America lifted their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $143.76.

Emerson Electric Trading Down 1.1%

NYSE EMR opened at $128.70 on Monday. The stock has a market capitalization of $72.43 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 2.44 and a beta of 1.30. The stock's 50 day moving average price is $135.56 and its two-hundred day moving average price is $124.04. 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 52 week low of $90.06 and a 52 week high of $150.27.

Emerson Electric (NYSE:EMR - Get Free Report) last released its 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 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 business's quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.43 EPS. As a group, analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid 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 presently 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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