Truvestments Capital LLC Trims Stake in Emerson Electric Co. $EMR

Key Points

• Truvestments Capital LLC has reduced its stake in Emerson Electric by 59.6%, selling 14,622 shares and now holding 9,891 shares worth approximately $1,084,000.
• Emerson Electric Co. reported $1.52 earnings per share for the last quarter, surpassing analyst expectations of $1.51, with a net margin of 14.92%.
• The company has announced a quarterly dividend of $0.5275, resulting in an annualized yield of 1.6% and a payout ratio of 45.38%.

Truvestments Capital LLC decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 59.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,891 shares of the industrial products company's stock after selling 14,622 shares during the quarter. Truvestments Capital LLC's holdings in Emerson Electric were worth $1,084,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Emerson Electric by 74.1% in the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock valued at $1,412,000 after buying an additional 4,850 shares in the last quarter. Beacon Pointe Advisors LLC grew its stake in shares of Emerson Electric by 2.6% in the fourth quarter. Beacon Pointe Advisors LLC now owns 84,074 shares of the industrial products company's stock valued at $10,419,000 after buying an additional 2,134 shares in the last quarter. Optiver Holding B.V. acquired a new stake in shares of Emerson Electric in the fourth quarter valued at $193,000. Northern Trust Corp grew its stake in shares of Emerson Electric by 5.9% in the fourth quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company's stock valued at $827,377,000 after buying an additional 370,560 shares in the last quarter. Finally, Electron Capital Partners LLC grew its stake in shares of Emerson Electric by 3.5% in the fourth quarter. Electron Capital Partners LLC now owns 14,892 shares of the industrial products company's stock valued at $1,846,000 after buying an additional 505 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Stock Down 2.0%

NYSE EMR traded down $2.65 during trading on Friday, reaching $131.91. 2,345,603 shares of the company's stock were exchanged, compared to its average volume of 3,749,064. The stock has a market cap of $74.24 billion, a P/E ratio of 28.37, a price-to-earnings-growth ratio of 2.63 and a beta of 1.32. 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 company has a 50 day moving average price of $137.54 and a two-hundred day moving average price of $122.15. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27.

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. The company had revenue of $4.55 billion during 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%.Emerson Electric's revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.43 EPS. On average, equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued 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 payout ratio is presently 45.38%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EMR. Robert W. Baird dropped their price objective on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Wells Fargo & Company lifted their price objective on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Royal Bank Of Canada lifted their price objective on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. TD Cowen raised Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $142.39.

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.