Secure Asset Management LLC Cuts Position in Emerson Electric Co. $EMR

Key Points

• Secure Asset Management LLC has reduced its holdings in Emerson Electric Co. by 38.1%, selling 6,967 shares during the second quarter, leaving it with 11,300 shares valued at approximately $1.5 million.
• Multiple hedge funds have increased their investments in Emerson Electric, with Sumitomo Mitsui DS Asset Management raising their stake by 2.4%, while institutional investors now own 74.30% of the company's stock.
• Emerson Electric's stock is receiving favorable ratings from analysts, with a consensus average target price of $142.39 and a mixture of ratings ranging from Strong Buy to Sell.

Secure Asset Management LLC cut its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 38.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,300 shares of the industrial products company's stock after selling 6,967 shares during the period. Secure Asset Management LLC's holdings in Emerson Electric were worth $1,507,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of EMR. Dominguez Wealth Management Solutions Inc. grew its position in shares of Emerson Electric by 0.4% during the second quarter. Dominguez Wealth Management Solutions Inc. now owns 22,556 shares of the industrial products company's stock worth $3,007,000 after buying an additional 84 shares in the last quarter. Hohimer Wealth Management LLC grew its position in shares of Emerson Electric by 0.3% during the first quarter. Hohimer Wealth Management LLC now owns 27,963 shares of the industrial products company's stock worth $3,066,000 after buying an additional 95 shares in the last quarter. Clearstead Trust LLC grew its position in shares of Emerson Electric by 7.4% during the first quarter. Clearstead Trust LLC now owns 1,406 shares of the industrial products company's stock worth $154,000 after buying an additional 97 shares in the last quarter. One Wealth Advisors LLC grew its position in shares of Emerson Electric by 5.7% during the first quarter. One Wealth Advisors LLC now owns 1,846 shares of the industrial products company's stock worth $202,000 after buying an additional 99 shares in the last quarter. Finally, J. W. Coons Advisors LLC grew its position in shares of Emerson Electric by 0.8% during the first quarter. J. W. Coons Advisors LLC now owns 13,000 shares of the industrial products company's stock worth $1,425,000 after buying an additional 100 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of analyst reports. Bank of America boosted their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Barclays raised Emerson Electric from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $125.00 to $127.00 in a report on Thursday, August 7th. TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Citigroup upped their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, Stephens increased their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $142.39.

Emerson Electric Stock Performance

NYSE EMR traded up $0.54 during trading on Monday, reaching $132.88. The company's stock had a trading volume of 3,109,301 shares, compared to its average volume of 2,779,784. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The firm has a market cap of $74.78 billion, a price-to-earnings ratio of 28.58, a P/E/G ratio of 2.51 and a beta of 1.30. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The business's fifty day moving average price is $136.49 and its 200-day moving average price is $123.49.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, topping 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 analysts' expectations of $4.60 billion. During the same quarter in the prior year, the business earned $1.43 earnings per share. The company's quarterly revenue was up 3.9% compared to the same quarter last year. As a group, analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, August 15th. Emerson Electric's dividend payout ratio is 45.38%.

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.