Executive Wealth Management LLC Sells 248 Shares of Emerson Electric Co. (NYSE:EMR)

Executive Wealth Management LLC lowered its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 35.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 453 shares of the industrial products company’s stock after selling 248 shares during the quarter. Executive Wealth Management LLC’s holdings in Emerson Electric were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in EMR. BlackRock Inc. raised its holdings in Emerson Electric by 7.3% in the 1st quarter. BlackRock Inc. now owns 45,135,139 shares of the industrial products company’s stock worth $3,090,402,000 after acquiring an additional 3,058,256 shares during the period. Geode Capital Management LLC raised its holdings in Emerson Electric by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 7,394,814 shares of the industrial products company’s stock worth $441,115,000 after acquiring an additional 355,369 shares during the period. Jensen Investment Management Inc. raised its holdings in Emerson Electric by 4.7% in the 1st quarter. Jensen Investment Management Inc. now owns 2,823,019 shares of the industrial products company’s stock worth $193,292,000 after acquiring an additional 126,365 shares during the period. American Century Companies Inc. raised its holdings in Emerson Electric by 46.4% in the 1st quarter. American Century Companies Inc. now owns 2,708,094 shares of the industrial products company’s stock worth $185,423,000 after acquiring an additional 858,733 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Emerson Electric by 0.5% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,620,166 shares of the industrial products company’s stock worth $179,403,000 after acquiring an additional 12,106 shares during the period. Institutional investors and hedge funds own 70.30% of the company’s stock.

NYSE EMR opened at $56.41 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.18 and a quick ratio of 0.85. The firm has a market capitalization of $36.41 billion, a price-to-earnings ratio of 16.69, a P/E/G ratio of 1.99 and a beta of 1.32. The company’s fifty day moving average is $64.06 and its two-hundred day moving average is $66.45. Emerson Electric Co. has a 52-week low of $55.38 and a 52-week high of $79.70.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.94. The company had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.82 billion. Emerson Electric had a net margin of 12.06% and a return on equity of 24.67%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the business posted $1.12 EPS. As a group, sell-side analysts expect that Emerson Electric Co. will post 3.64 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.96 annualized dividend and a dividend yield of 3.47%. Emerson Electric’s dividend payout ratio (DPR) is currently 57.99%.

In other news, insider Michael H. Train sold 12,278 shares of Emerson Electric stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $63.80, for a total transaction of $783,336.40. Following the sale, the insider now directly owns 129,298 shares in the company, valued at approximately $8,249,212.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Bell Katherine Button sold 15,791 shares of Emerson Electric stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $63.91, for a total transaction of $1,009,202.81. Following the sale, the vice president now owns 30,304 shares in the company, valued at $1,936,728.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,333 shares of company stock worth $2,583,230. 0.07% of the stock is owned by company insiders.

Several research analysts recently commented on the stock. Deutsche Bank dropped their target price on shares of Emerson Electric from $74.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Morgan Stanley dropped their target price on shares of Emerson Electric from $84.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Zacks Investment Research downgraded shares of Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 target price on the stock. in a report on Tuesday, July 23rd. Citigroup decreased their price target on shares of Emerson Electric from $79.00 to $77.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Finally, Credit Suisse Group decreased their price target on shares of Emerson Electric from $74.00 to $70.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $72.71.

Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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