Emerson Electric Co. $EMR Shares Sold by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services LLC reduced its stake in Emerson Electric Co. by 7.7%, selling 14,641 shares during the first quarter, leaving it with a total of 175,137 shares valued at approximately $19.2 million.
• Analysts have significantly increased their price targets for Emerson Electric, with estimates now ranging from $133.00 to $165.00, reflecting a consensus rating of "Moderate Buy".
• Emerson Electric recently declared a quarterly dividend of $0.5275 per share, contributing to an annualized dividend yield of 1.6% and a payout ratio of 45.38%.

Kestra Advisory Services LLC trimmed its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 7.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,137 shares of the industrial products company's stock after selling 14,641 shares during the period. Kestra Advisory Services LLC's holdings in Emerson Electric were worth $19,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Compound Planning Inc. raised its holdings in Emerson Electric by 1.6% during the 1st quarter. Compound Planning Inc. now owns 7,426 shares of the industrial products company's stock valued at $814,000 after buying an additional 119 shares during the period. 1832 Asset Management L.P. grew its position in shares of Emerson Electric by 35.7% during the 1st quarter. 1832 Asset Management L.P. now owns 1,049,695 shares of the industrial products company's stock worth $115,089,000 after buying an additional 275,953 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Emerson Electric by 2.3% during the 1st quarter. Ameriprise Financial Inc. now owns 1,020,815 shares of the industrial products company's stock worth $111,910,000 after buying an additional 23,156 shares in the last quarter. Norinchukin Bank The grew its position in shares of Emerson Electric by 12.1% during the 1st quarter. Norinchukin Bank The now owns 25,791 shares of the industrial products company's stock worth $2,828,000 after buying an additional 2,779 shares in the last quarter. Finally, CW Advisors LLC boosted its position in Emerson Electric by 77.2% during the first quarter. CW Advisors LLC now owns 3,789 shares of the industrial products company's stock valued at $420,000 after purchasing an additional 1,651 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Performance

EMR stock traded down $1.2850 during trading on Monday, hitting $132.4850. 2,123,215 shares of the company traded hands, compared to its average volume of 3,890,116. The stock's 50-day simple moving average is $137.13 and its 200 day simple moving average is $121.90. 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 company has a market cap of $74.56 billion, a PE ratio of 28.49, a P/E/G ratio of 2.61 and a beta of 1.32. 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 quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.01. The company had revenue of $4.55 billion during 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%.Emerson Electric's quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the business earned $1.43 earnings per share. On average, equities analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, August 15th. Emerson Electric's dividend payout ratio (DPR) is currently 45.38%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Bank of America raised their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Stephens raised their price target on Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. TD Cowen raised Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Wells Fargo & Company raised their price target on Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. raised their price target on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.