Mcdonald Partners LLC Sells 254 Shares of Emerson Electric Co. (NYSE:EMR)

Mcdonald Partners LLC cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,331 shares of the industrial products company’s stock after selling 254 shares during the quarter. Mcdonald Partners LLC’s holdings in Emerson Electric were worth $1,512,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in EMR. Waverly Advisors LLC boosted its stake in Emerson Electric by 100.2% in the third quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock worth $1,460,000 after purchasing an additional 7,565 shares in the last quarter. Blackston Financial Advisory Group LLC bought a new stake in Emerson Electric during the 4th quarter worth about $241,000. Vanguard Personalized Indexing Management LLC increased its position in Emerson Electric by 23.8% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 48,321 shares of the industrial products company’s stock valued at $4,703,000 after acquiring an additional 9,300 shares in the last quarter. Capital Advisors Inc. OK raised its stake in shares of Emerson Electric by 821.0% in the fourth quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock worth $8,393,000 after acquiring an additional 76,868 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Emerson Electric during the fourth quarter worth approximately $3,358,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Price Performance

NYSE:EMR traded down $1.78 during mid-day trading on Wednesday, reaching $106.09. The stock had a trading volume of 2,500,419 shares, compared to its average volume of 2,675,113. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $116.76. The stock has a market capitalization of $60.69 billion, a PE ratio of 5.68, a P/E/G ratio of 1.80 and a beta of 1.33. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. The stock has a 50-day simple moving average of $110.07 and a two-hundred day simple moving average of $105.42.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.25 by $0.11. The business had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.29 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The firm’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.09 EPS. On average, equities analysts anticipate that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.98%. The ex-dividend date was Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is 11.24%.

Analyst Upgrades and Downgrades

EMR has been the subject of several recent research reports. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, May 17th. Citigroup lifted their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Bank of America raised their price target on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. UBS Group increased their target price on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Finally, Deutsche Bank Aktiengesellschaft upgraded Emerson Electric from a “hold” rating to a “buy” rating and boosted their target price for the stock from $123.00 to $138.00 in a research report on Thursday, May 9th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $122.76.

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.