MSH Capital Advisors LLC Sells 7,122 Shares of Emerson Electric Co. $EMR

Key Points

• MSH Capital Advisors LLC reduced its stake in Emerson Electric Co. by 32.9%, selling 7,122 shares and now holding 14,543 shares valued at approximately $1.94 million.
• Emerson Electric recently reported quarterly earnings of $1.52 EPS, slightly surpassing analysts' expectations and showing a year-over-year revenue increase of 3.9%.
• The company declared a quarterly dividend of $0.5275 per share, reflecting an annualized dividend of $2.11 with a yield of 1.6%.

MSH Capital Advisors LLC lessened its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 32.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,543 shares of the industrial products company's stock after selling 7,122 shares during the period. MSH Capital Advisors LLC's holdings in Emerson Electric were worth $1,939,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Armstrong Fleming & Moore Inc bought a new stake in Emerson Electric in the second quarter valued at approximately $1,085,000. SpringVest Wealth Management LLC bought a new stake in shares of Emerson Electric during the second quarter worth $213,000. Maryland State Retirement & Pension System increased its position in shares of Emerson Electric by 2.5% during the second quarter. Maryland State Retirement & Pension System now owns 27,394 shares of the industrial products company's stock worth $3,652,000 after acquiring an additional 676 shares in the last quarter. Optas LLC increased its position in shares of Emerson Electric by 30.6% during the second quarter. Optas LLC now owns 2,784 shares of the industrial products company's stock worth $371,000 after acquiring an additional 653 shares in the last quarter. Finally, Massachusetts Wealth Management increased its position in shares of Emerson Electric by 2.5% during the second quarter. Massachusetts Wealth Management now owns 19,483 shares of the industrial products company's stock worth $2,598,000 after acquiring an additional 472 shares in the last quarter. Institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Performance

Shares of EMR opened at $133.10 on Thursday. The firm has a 50-day moving average of $133.25 and a 200-day moving average of $124.98. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The company has a market cap of $74.91 billion, a PE ratio of 28.62, a price-to-earnings-growth ratio of 2.29 and a beta of 1.29. 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 EPS 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 the consensus estimate of $4.60 billion. During the same quarter last year, the firm posted $1.43 EPS. The company's quarterly revenue was up 3.9% on a year-over-year basis. As a group, equities analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on EMR. TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Bank of America increased their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Weiss Ratings reiterated a "buy (b-)" rating on shares of Emerson Electric in a research note on Wednesday. Wells Fargo & Company restated an "equal weight" rating and issued a $140.00 price objective (down previously from $150.00) on shares of Emerson Electric in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Emerson Electric from $157.00 to $159.00 and gave the stock a "buy" rating in a report on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Emerson Electric presently has a consensus rating of "Moderate Buy" and an average target price of $144.29.

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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