Krilogy Financial LLC Sells 7,006 Shares of Emerson Electric Co. $EMR

Key Points

• Krilogy Financial LLC has decreased its holdings in Emerson Electric Co. by 23.8%, selling 7,006 shares and holding 22,478 shares worth approximately $2,997,000.
• Emerson Electric reported earnings of $1.52 per share for the last quarter, slightly beating analyst estimates and achieving a revenue of $4.55 billion, which is up 3.9% year-over-year.
• The company recently declared a quarterly dividend of $0.5275, representing an annualized dividend yield of 1.6% and a payout ratio of 45.38%.

Krilogy Financial LLC reduced its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 23.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,478 shares of the industrial products company's stock after selling 7,006 shares during the period. Krilogy Financial LLC's holdings in Emerson Electric were worth $2,997,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. grew its stake in shares of Emerson Electric by 2.7% in the 1st quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company's stock worth $23,271,000 after buying an additional 5,504 shares in the last quarter. North Capital Inc. purchased a new position in shares of Emerson Electric in the 1st quarter worth $211,000. Zurich Insurance Group Ltd FI purchased a new position in shares of Emerson Electric in the 4th quarter worth $3,003,000. Golden State Equity Partners purchased a new position in shares of Emerson Electric during the 1st quarter worth about $459,000. Finally, Truist Financial Corp boosted its stake in shares of Emerson Electric by 1.7% during the 1st quarter. Truist Financial Corp now owns 1,078,616 shares of the industrial products company's stock worth $118,259,000 after purchasing an additional 18,069 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 0.5%

Shares of EMR opened at $135.73 on Tuesday. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The company has a 50-day moving average of $137.33 and a 200 day moving average of $122.96. The firm has a market capitalization of $76.39 billion, a price-to-earnings ratio of 29.19, a PEG ratio of 2.63 and a beta of 1.30. 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 (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $4.60 billion. During the same quarter last year, the business posted $1.43 EPS. The firm's revenue for the quarter was up 3.9% on a year-over-year basis. On average, research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

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

Analyst Upgrades and Downgrades

EMR has been the subject of a number of recent analyst reports. Bank of America lifted their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Stephens lifted their price target 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. Citigroup lifted their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Barclays raised shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Finally, TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. 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 assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $142.39.

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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