Stack Financial Management Inc Sells 3,840 Shares of Emerson Electric Co. $EMR

Key Points

• Stack Financial Management Inc reduced its stake in Emerson Electric Co. by 2.4%, selling 3,840 shares, and now holds 157,628 shares valued at approximately $21 million.
• Emerson Electric recently announced a quarterly dividend of $0.5275 per share, which corresponds to an annualized yield of 1.7% and a payout ratio of 45.38%.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Emerson Electric, with a consensus price target of $145.56.

Stack Financial Management Inc lowered its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 2.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 157,628 shares of the industrial products company's stock after selling 3,840 shares during the period. Emerson Electric accounts for 1.9% of Stack Financial Management Inc's portfolio, making the stock its 22nd largest holding. Stack Financial Management Inc's holdings in Emerson Electric were worth $21,017,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Cypress Capital Group increased its holdings in Emerson Electric by 17.9% during the 2nd quarter. Cypress Capital Group now owns 10,422 shares of the industrial products company's stock valued at $1,390,000 after purchasing an additional 1,579 shares in the last quarter. Bill Few Associates Inc. acquired a new stake in shares of Emerson Electric in the second quarter valued at $241,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Emerson Electric by 1.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 414,083 shares of the industrial products company's stock valued at $56,112,000 after buying an additional 4,697 shares during the last quarter. GW Henssler & Associates Ltd. lifted its position in Emerson Electric by 1.6% during the 2nd quarter. GW Henssler & Associates Ltd. now owns 172,415 shares of the industrial products company's stock worth $22,988,000 after buying an additional 2,709 shares in the last quarter. Finally, Meritage Portfolio Management bought a new stake in Emerson Electric during the 2nd quarter worth about $215,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Trading Down 4.2%

NYSE:EMR opened at $125.99 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The firm has a market capitalization of $70.91 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 2.19 and a beta of 1.29. The business's 50-day moving average price is $132.66 and its two-hundred day moving average price is $125.34.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. The company had revenue of $3.16 billion during the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. On average, equities analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.7%. Emerson Electric's payout ratio is 45.38%.

Wall Street Analyst Weigh In

EMR has been the subject of a number of research analyst reports. Daiwa Capital Markets boosted their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 24th. TD Cowen raised Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft lifted their target price on Emerson Electric from $157.00 to $159.00 and gave the company a "buy" rating in a research note on Thursday, October 2nd. Jefferies Financial Group decreased their price target on Emerson Electric from $160.00 to $155.00 and set a "buy" rating on the stock in a report on Tuesday, October 7th. Finally, Citigroup boosted their price objective on Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $145.56.

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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