NBC Securities Inc. Has $1.71 Million Position in Emerson Electric Co. $EMR

Key Points

• NBC Securities Inc. reduced its stake in Emerson Electric Co. by 19.1%, owning 12,860 shares valued at approximately $1.71 million as of its latest filing.
• Emerson Electric reported a quarterly EPS of $1.52, surpassing analysts' expectations, and had a year-over-year revenue increase of 3.9% to $4.55 billion.
• The company announced a quarterly dividend of $0.5275 per share, with a dividend yield of 1.6% and a payout ratio of 45.38%.

NBC Securities Inc. lessened its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 19.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,860 shares of the industrial products company's stock after selling 3,043 shares during the period. NBC Securities Inc.'s holdings in Emerson Electric were worth $1,714,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of EMR. Apella Capital LLC boosted its holdings in shares of Emerson Electric by 93.5% during the 2nd quarter. Apella Capital LLC now owns 9,972 shares of the industrial products company's stock worth $1,380,000 after buying an additional 4,818 shares during the period. Mirabaud & Cie SA acquired a new stake in shares of Emerson Electric in the second quarter worth $311,000. Capital Asset Advisory Services LLC raised its stake in Emerson Electric by 1.3% during the 2nd quarter. Capital Asset Advisory Services LLC now owns 36,305 shares of the industrial products company's stock valued at $4,920,000 after purchasing an additional 456 shares during the last quarter. Whitaker Myers Wealth Managers LTD. boosted its holdings in Emerson Electric by 22.8% in the 2nd quarter. Whitaker Myers Wealth Managers LTD. now owns 4,696 shares of the industrial products company's stock valued at $626,000 after purchasing an additional 873 shares during the period. Finally, Somerset Trust Co grew its position in Emerson Electric by 0.6% in the 2nd quarter. Somerset Trust Co now owns 26,938 shares of the industrial products company's stock worth $3,592,000 after purchasing an additional 153 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

EMR stock opened at $135.73 on Tuesday. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The company has a market cap of $76.39 billion, a P/E ratio of 29.19, a price-to-earnings-growth ratio of 2.63 and a beta of 1.30. The business's fifty day moving average is $137.33 and its 200-day moving average is $122.96.

Emerson Electric (NYSE:EMR - Get Free Report) last released 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 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 the consensus estimate of $4.60 billion. During the same quarter in the prior year, the company posted $1.43 earnings per share. The firm's revenue was up 3.9% on a year-over-year basis. Equities research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders 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 yield of 1.6%. Emerson Electric's dividend payout ratio (DPR) is 45.38%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on EMR shares. Wells Fargo & Company lifted their price objective on Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Barclays raised shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Stephens lifted their price objective on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Finally, Bank of America increased their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $142.39.

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.

Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.