Tilia Fiduciary Partners Inc. Trims Position in Emerson Electric Co. $EMR

Key Points

• Tilia Fiduciary Partners Inc. reduced its stake in Emerson Electric Co. by 36.1% during the second quarter, leaving them with 5,309 shares valued at approximately $708,000.
• Several hedge funds have also adjusted their positions in Emerson Electric, with 74.30% of the stock now owned by these institutional investors.
• Wall Street analysts have generally positive outlooks for the company, with a consensus rating of "Moderate Buy" and an average target price of $144.88.

Tilia Fiduciary Partners Inc. cut its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 36.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,309 shares of the industrial products company's stock after selling 3,003 shares during the period. Tilia Fiduciary Partners Inc.'s holdings in Emerson Electric were worth $708,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in EMR. Saudi Central Bank purchased a new position in shares of Emerson Electric during the first quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Emerson Electric during the first quarter valued at approximately $27,000. Inlight Wealth Management LLC bought a new stake in shares of Emerson Electric during the first quarter valued at approximately $28,000. Fourth Dimension Wealth LLC boosted its position in shares of Emerson Electric by 145.3% during the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 154 shares in the last quarter. Finally, Garde Capital Inc. bought a new stake in shares of Emerson Electric during the first quarter valued at approximately $36,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EMR has been the topic of several research reports. KeyCorp lifted their price target on Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Daiwa Capital Markets lifted their price target on Emerson Electric from $150.00 to $153.00 and gave the company an "outperform" rating in a research report on Wednesday, September 24th. TD Cowen raised Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Bank of America boosted their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Emerson Electric in a report on Saturday, September 27th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $144.88.

Emerson Electric Trading Up 1.3%

Shares of NYSE:EMR opened at $134.79 on Friday. The company has a market cap of $75.86 billion, a P/E ratio of 28.99, a PEG ratio of 2.34 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The stock's fifty day moving average price is $134.13 and its 200-day moving average price is $124.55.

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

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric's dividend 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.

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