Trivium Point Advisory LLC Trims Holdings in Emerson Electric Co. $EMR

Key Points

• Trivium Point Advisory LLC significantly reduced its position in Emerson Electric Co. by 73.3%, holding only 5,699 shares after selling 15,628 shares in the first quarter, valued at approximately $625,000.
• Emerson Electric recently announced a quarterly dividend of $0.5275 per share, with a yield of 1.6% and a payout ratio of 45.38%.
• Despite mixed revenue results of $4.55 billion for the quarter, Emerson's earnings were positive, exceeding analysts' expectations with $1.52 EPS, leading many analysts to give the stock a moderate buy rating.

Trivium Point Advisory LLC trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 73.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,699 shares of the industrial products company's stock after selling 15,628 shares during the period. Trivium Point Advisory LLC's holdings in Emerson Electric were worth $625,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of EMR. Kovitz Investment Group Partners LLC raised its position in shares of Emerson Electric by 15.8% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 67,265 shares of the industrial products company's stock worth $7,375,000 after purchasing an additional 9,168 shares during the last quarter. Cookson Peirce & Co. Inc. acquired a new position in shares of Emerson Electric during the first quarter valued at approximately $2,095,000. William B. Walkup & Associates Inc. lifted its position in shares of Emerson Electric by 8.0% in the first quarter. William B. Walkup & Associates Inc. now owns 11,109 shares of the industrial products company's stock valued at $1,218,000 after acquiring an additional 820 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Emerson Electric by 8.5% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 17,486 shares of the industrial products company's stock worth $1,917,000 after acquiring an additional 1,373 shares during the last quarter. Finally, S Bank Fund Management Ltd purchased a new stake in shares of Emerson Electric during the first quarter worth approximately $3,183,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Trading Down 0.6%

NYSE:EMR traded down $0.7950 on Wednesday, hitting $130.7950. The stock had a trading volume of 2,062,203 shares, compared to its average volume of 3,883,807. The company has a fifty day moving average price of $136.83 and a two-hundred day moving average price of $121.85. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year 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 stock has a market cap of $73.61 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 2.57 and a beta of 1.32.

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, topping analysts' consensus estimates of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter last year, the firm earned $1.43 EPS. The business's revenue was up 3.9% compared to the same quarter last year. Equities research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, August 15th. Emerson Electric's dividend payout ratio is 45.38%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Stephens raised 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 note on Wednesday, July 16th. KeyCorp boosted their price target 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. Robert W. Baird decreased their target price on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Emerson Electric currently has a consensus rating of "Moderate Buy" and an average target price of $142.39.

About Emerson Electric

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.