Emerson Electric Co. $EMR Shares Sold by Teamwork Financial Advisors LLC

Key Points

• Teamwork Financial Advisors LLC reduced its holdings in Emerson Electric Co. by 32.3%, selling 14,344 shares, and now owns 30,118 shares valued at $4,016,000.
• Research firms have generally positive outlooks on Emerson Electric, with price targets raised by companies like Wells Fargo and Bank of America, setting targets between $150.00 and $165.00.
• Emerson Electric announced a quarterly dividend of $0.5275 per share, providing a yield of 1.6%, with a payout ratio of 45.38%.

Teamwork Financial Advisors LLC lowered its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 32.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,118 shares of the industrial products company's stock after selling 14,344 shares during the period. Teamwork Financial Advisors LLC's holdings in Emerson Electric were worth $4,016,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Capital Asset Advisory Services LLC boosted its position in shares of Emerson Electric by 1.3% during the second quarter. Capital Asset Advisory Services LLC now owns 36,305 shares of the industrial products company's stock valued at $4,920,000 after buying an additional 456 shares during the period. Whitaker Myers Wealth Managers LTD. raised its stake in Emerson Electric by 22.8% in the second quarter. Whitaker Myers Wealth Managers LTD. now owns 4,696 shares of the industrial products company's stock worth $626,000 after buying an additional 873 shares in the last quarter. Somerset Trust Co raised its stake in Emerson Electric by 0.6% in the second quarter. Somerset Trust Co now owns 26,938 shares of the industrial products company's stock worth $3,592,000 after buying an additional 153 shares in the last quarter. Dominguez Wealth Management Solutions Inc. increased 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 purchasing an additional 84 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Emerson Electric by 14.9% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 33,778 shares of the industrial products company's stock worth $4,504,000 after purchasing an additional 4,373 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Wall Street Analyst Weigh In

EMR has been the topic of a number of research analyst reports. Stephens boosted their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Citigroup upped their price target 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. KeyCorp upped their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Bank of America upped 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, Wells Fargo & Company upped their price target on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $142.39.

Emerson Electric Trading Down 0.1%

Shares of Emerson Electric stock traded down $0.19 during mid-day trading on Friday, hitting $131.72. The stock had a trading volume of 1,060,708 shares, compared to its average volume of 3,125,574. The firm has a 50-day moving average of $136.79 and a two-hundred day moving average of $123.16. Emerson Electric Co. has a 12-month low of $90.06 and a 12-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 firm has a market cap of $74.13 billion, a P/E ratio of 28.33, a price-to-earnings-growth ratio of 2.48 and a beta of 1.30.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm's quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company posted $1.43 EPS. Sell-side 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 disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric's dividend payout ratio (DPR) is presently 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.