Haverford Trust Co Reduces Stock Position in Emerson Electric Co. $EMR

Key Points

• Haverford Trust Co reduced its stake in Emerson Electric Co. by 4.9% during the first quarter, now holding 44,413 shares worth approximately $4.87 million.
• Emerson Electric reported $1.52 EPS for the quarter, beating expectations by $0.01, with a quarterly revenue growth of 3.9% compared to the same period last year.
• A quarterly dividend of $0.5275 per share was announced, representing an annualized dividend of $2.11, with a current dividend yield of 1.6%.

Haverford Trust Co reduced its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 4.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,413 shares of the industrial products company's stock after selling 2,297 shares during the quarter. Haverford Trust Co's holdings in Emerson Electric were worth $4,869,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of EMR. Brighton Jones LLC lifted 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 worth $1,412,000 after purchasing an additional 4,850 shares in the last quarter. Jump Financial LLC purchased a new stake in Emerson Electric in the 4th quarter worth approximately $249,000. Price T Rowe Associates Inc. MD lifted its stake in Emerson Electric by 4.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,512,836 shares of the industrial products company's stock worth $187,487,000 after purchasing an additional 69,467 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in Emerson Electric by 10.5% in the 4th quarter. Integrated Wealth Concepts LLC now owns 22,235 shares of the industrial products company's stock worth $2,756,000 after purchasing an additional 2,113 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its stake in Emerson Electric by 2.2% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 58,097 shares of the industrial products company's stock worth $7,200,000 after purchasing an additional 1,251 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

EMR stock opened at $133.6260 on Friday. 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. The firm's fifty day moving average is $137.06 and its 200 day moving average is $121.89. The firm has a market cap of $75.20 billion, a P/E ratio of 28.74, a P/E/G ratio of 2.61 and a beta of 1.32.

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. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. During the same quarter last year, the firm earned $1.43 EPS. The firm's quarterly revenue was up 3.9% compared to the same quarter last year. Research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a dividend of $0.5275 per share. The ex-dividend date of this dividend is 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 currently 45.38%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. KeyCorp increased their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Stephens increased their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. JPMorgan Chase & Co. increased their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, Wells Fargo & Company increased their price target on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Two investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $142.39.

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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