Schnieders Capital Management LLC Has $227,000 Position in Emerson Electric Co. (NYSE:EMR)

Key Points

• Schnieders Capital Management LLC has reduced its holdings in Emerson Electric Co. (NYSE: EMR) by 48.2%, owning 2,067 shares valued at approximately $227,000 after selling 1,922 shares in the first quarter.
• Wall Street analysts have mixed projections for Emerson Electric, with price targets ranging from $125.00 to $150.00 and a consensus rating of "Moderate Buy".
• Emerson Electric's latest quarterly earnings revealed an EPS of $1.52 which slightly exceeded the consensus estimate, although revenue of $4.55 billion fell short of expectations.

Schnieders Capital Management LLC lowered its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 48.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,067 shares of the industrial products company's stock after selling 1,922 shares during the quarter. Schnieders Capital Management LLC's holdings in Emerson Electric were worth $227,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Orion Capital Management LLC acquired a new stake in Emerson Electric in the 4th quarter valued at about $25,000. Vega Investment Solutions acquired a new stake in Emerson Electric in the 4th quarter valued at about $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Emerson Electric in the 1st quarter valued at about $27,000. Inlight Wealth Management LLC acquired a new stake in Emerson Electric in the 1st quarter valued at about $28,000. Finally, Fourth Dimension Wealth LLC increased its position in Emerson Electric by 145.3% in the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 154 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on EMR shares. 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 report on Wednesday, July 16th. Barclays upgraded 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 report on Thursday. Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. 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 report on Wednesday, July 2nd. Finally, TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Emerson Electric currently has a consensus rating of "Moderate Buy" and a consensus target price of $142.39.

Emerson Electric Stock Down 0.0%

Shares of EMR stock traded down $0.01 during trading on Friday, reaching $132.82. The company's stock had a trading volume of 2,443,658 shares, compared to its average volume of 3,713,589. The business has a fifty day moving average price of $135.34 and a 200-day moving average price of $121.71. The company has a quick ratio of 0.59, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The company has a market cap of $74.75 billion, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 2.58 and a beta of 1.32. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27.

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

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, August 15th. Emerson Electric's payout ratio is presently 45.38%.

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.