Moody Lynn & Lieberson LLC Sells 1,963 Shares of Emerson Electric Co. $EMR

Key Points

• Moody Lynn & Lieberson LLC reduced its stake in Emerson Electric Co. by 29.4%, selling 1,963 shares and leaving them with 4,720 shares valued at approximately $629,000.
• Emerson Electric reported $1.52 earnings per share for the last quarter, slightly exceeding the estimate of $1.51, with annual revenue growth of 3.9%.
• The company declared a quarterly dividend of $0.5275 per share, reflecting an annualized amount of $2.11 and a yield of 1.6%.

Moody Lynn & Lieberson LLC cut its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 29.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,720 shares of the industrial products company's stock after selling 1,963 shares during the quarter. Moody Lynn & Lieberson LLC's holdings in Emerson Electric were worth $629,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its stake in Emerson Electric by 2.7% during the first quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company's stock valued at $23,271,000 after buying an additional 5,504 shares during the last quarter. North Capital Inc. purchased a new position in Emerson Electric during the first quarter valued at $211,000. Davis Investment Partners LLC purchased a new position in Emerson Electric during the second quarter valued at $692,000. Golden State Equity Partners purchased a new position in shares of Emerson Electric in the first quarter worth $459,000. Finally, Truist Financial Corp raised its stake in shares of Emerson Electric by 1.7% in the first 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 last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Down 1.1%

Emerson Electric stock opened at $128.70 on Monday. The stock has a market cap of $72.43 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 2.44 and a beta of 1.30. 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 one year low of $90.06 and a one year high of $150.27. The stock has a fifty day moving average of $135.56 and a 200 day moving average of $124.04.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The business had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.60 billion. During the same quarter in the previous year, the company posted $1.43 earnings per share. Emerson Electric's revenue for the quarter was up 3.9% on a year-over-year basis. As a group, sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on EMR shares. Citigroup boosted their price target on Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. TD Cowen upgraded Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. KeyCorp boosted their price target on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Bank of America boosted their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Finally, Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $143.76.

Emerson Electric Company 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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