Emerson Electric Co. (NYSE:EMR) Shares Sold by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. trimmed its position in Emerson Electric Co. (NYSE:EMR) by 3.4% in the second quarter, Holdings Channel.com reports. The fund owned 55,163 shares of the industrial products company’s stock after selling 1,952 shares during the period. Emerson Electric makes up approximately 1.2% of Hudson Edge Investment Partners Inc.’s investment portfolio, making the stock its 20th largest position. Hudson Edge Investment Partners Inc.’s holdings in Emerson Electric were worth $6,077,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. American National Bank & Trust Co. VA acquired a new stake in shares of Emerson Electric during the 1st quarter worth approximately $1,011,000. Vanguard Personalized Indexing Management LLC grew its position in shares of Emerson Electric by 23.8% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 48,321 shares of the industrial products company’s stock worth $4,703,000 after acquiring an additional 9,300 shares during the last quarter. Exencial Wealth Advisors LLC increased its holdings in shares of Emerson Electric by 17.6% in the 4th quarter. Exencial Wealth Advisors LLC now owns 49,112 shares of the industrial products company’s stock worth $4,780,000 after acquiring an additional 7,358 shares during the period. Kingsview Wealth Management LLC lifted its position in Emerson Electric by 22.5% in the 4th quarter. Kingsview Wealth Management LLC now owns 62,197 shares of the industrial products company’s stock valued at $6,054,000 after purchasing an additional 11,413 shares during the last quarter. Finally, Goelzer Investment Management Inc. boosted its stake in Emerson Electric by 22.2% during the 4th quarter. Goelzer Investment Management Inc. now owns 7,701 shares of the industrial products company’s stock valued at $750,000 after purchasing an additional 1,399 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Price Performance

Shares of NYSE EMR traded down $1.78 during trading on Friday, hitting $98.19. The company had a trading volume of 2,780,873 shares, compared to its average volume of 2,698,155. The company has a market cap of $56.17 billion, a P/E ratio of 5.25, a PEG ratio of 1.75 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. The business’s 50-day moving average is $108.69 and its 200 day moving average is $109.76. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $119.53.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The business had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the prior year, the business posted $1.29 earnings per share. Emerson Electric’s revenue was up 11.0% compared to the same quarter last year. Equities research analysts predict that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company 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 $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is currently 11.24%.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of recent analyst reports. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Robert W. Baird lifted their target price on Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Morgan Stanley initiated coverage on Emerson Electric in a research note on Friday. They issued an “underweight” rating and a $105.00 price target for the company. Oppenheimer cut their price objective on shares of Emerson Electric from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, Wells Fargo & Company decreased their target price on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $124.06.

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.