Emerson Electric Co. (NYSE:EMR) Shares Sold by Telos Capital Management Inc.

Telos Capital Management Inc. lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 2.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,064 shares of the industrial products company’s stock after selling 193 shares during the quarter. Telos Capital Management Inc.’s holdings in Emerson Electric were worth $991,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new stake in Emerson Electric in the first quarter worth about $31,000. Meeder Asset Management Inc. boosted its holdings in Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 235 shares in the last quarter. Tributary Capital Management LLC acquired a new stake in Emerson Electric in the first quarter worth about $35,000. Versant Capital Management Inc boosted its holdings in Emerson Electric by 471.9% in the second quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 269 shares in the last quarter. Finally, Thompson Investment Management Inc. boosted its holdings in Emerson Electric by 2,650.0% in the first quarter. Thompson Investment Management Inc. now owns 385 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 371 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Ratings Changes

EMR has been the subject of several recent analyst reports. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. Oppenheimer lifted their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Morgan Stanley initiated coverage on Emerson Electric in a report on Friday, September 6th. They set an “underweight” rating and a $105.00 target price for the company. Finally, Wells Fargo & Company decreased their target price on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $125.47.

Emerson Electric Stock Down 0.0 %

Shares of EMR stock opened at $110.41 on Tuesday. The stock has a market cap of $63.17 billion, a P/E ratio of 5.91, a P/E/G ratio of 1.70 and a beta of 1.30. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53. The stock has a 50 day moving average of $105.80 and a 200 day moving average of $109.13. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The business had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.29 earnings per share. As a group, sell-side analysts expect that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.

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.