Moloney Securities Asset Management LLC Sells 533 Shares of Emerson Electric Co. (NYSE:EMR)

Moloney Securities Asset Management LLC reduced its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 4.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,291 shares of the industrial products company’s stock after selling 533 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Emerson Electric were worth $1,344,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Catalyst Capital Advisors LLC bought a new stake in shares of Emerson Electric in the third quarter valued at $43,000. Impax Asset Management Group plc raised its stake in shares of Emerson Electric by 16.7% in the third quarter. Impax Asset Management Group plc now owns 107,446 shares of the industrial products company’s stock valued at $11,751,000 after buying an additional 15,340 shares during the period. Hazlett Burt & Watson Inc. raised its stake in shares of Emerson Electric by 31.6% in the third quarter. Hazlett Burt & Watson Inc. now owns 10,742 shares of the industrial products company’s stock valued at $1,173,000 after buying an additional 2,582 shares during the period. Asset Management One Co. Ltd. raised its stake in shares of Emerson Electric by 19.8% in the third quarter. Asset Management One Co. Ltd. now owns 266,556 shares of the industrial products company’s stock valued at $29,153,000 after buying an additional 44,102 shares during the period. Finally, National Pension Service raised its stake in shares of Emerson Electric by 14.2% in the third quarter. National Pension Service now owns 1,590,154 shares of the industrial products company’s stock valued at $173,915,000 after buying an additional 197,865 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Price Performance

Emerson Electric stock opened at $117.67 on Wednesday. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $119.61. The business has a 50-day simple moving average of $107.04 and a 200 day simple moving average of $108.92. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The stock has a market cap of $67.39 billion, a price-to-earnings ratio of 39.49, a PEG ratio of 1.66 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the previous year, the company posted $1.29 earnings per share. The company’s revenue was up 11.0% compared to the same quarter last year. On average, research analysts forecast that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 annualized dividend and a yield of 1.79%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is 70.47%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on EMR shares. Wells Fargo & Company lowered their target price on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Morgan Stanley initiated coverage on Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target for the company. Royal Bank of Canada reduced their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Robert W. Baird lifted their price target on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday. Finally, JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus target price of $125.53.

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.