Emerson Electric Co. $EMR Shares Sold by Vantage Wealth

Key Points

• Vantage Wealth reduced its stake in Emerson Electric Co. by 2.8%, bringing its total ownership to approximately $22.3 million, making Emerson its second largest position.
• Emerson Electric reported $1.52 EPS for its latest quarter, slightly beating expectations, with a revenue of $4.55 billion, which was below analysts' forecasts.
• The company declared a quarterly dividend of $0.5275 per share, yielding 1.6%, with a dividend payout ratio of 45.38%.

Vantage Wealth lowered its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 2.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 167,230 shares of the industrial products company's stock after selling 4,780 shares during the quarter. Emerson Electric comprises approximately 5.1% of Vantage Wealth's holdings, making the stock its 2nd largest holding. Vantage Wealth's holdings in Emerson Electric were worth $22,297,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Orion Capital Management LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at $25,000. Vega Investment Solutions acquired a new position in shares of Emerson Electric in the 4th quarter valued at $27,000. Saudi Central Bank acquired a new stake in Emerson Electric during the 1st quarter worth $25,000. Ameriflex Group Inc. acquired a new stake in Emerson Electric during the 4th quarter worth $30,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in Emerson Electric during the 1st quarter worth $27,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Stephens raised their price objective on Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. TD Cowen raised Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Bank of America raised their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. KeyCorp raised their price objective on Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Finally, Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned 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 company presently has an average rating of "Moderate Buy" and an average target price of $142.39.

Emerson Electric Stock Performance

EMR traded down $1.48 during trading on Tuesday, hitting $131.36. The stock had a trading volume of 1,548,918 shares, compared to its average volume of 3,131,654. The company has a 50 day moving average price of $136.49 and a 200-day moving average price of $123.49. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The firm has a market cap of $73.93 billion, a price-to-earnings ratio of 28.20, a P/E/G ratio of 2.51 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 EPS for the quarter, topping analysts' consensus estimates of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. During the same quarter last year, the company earned $1.43 EPS. The company's revenue was up 3.9% on a year-over-year basis. As a group, research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, August 15th. Emerson Electric's dividend payout ratio (DPR) is 45.38%.

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.