Advisors Management Group Inc. ADV Sells 287 Shares of Emerson Electric Co. (NYSE:EMR)

Advisors Management Group Inc. ADV trimmed its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,618 shares of the industrial products company’s stock after selling 287 shares during the period. Emerson Electric comprises 1.4% of Advisors Management Group Inc. ADV’s portfolio, making the stock its 23rd largest position. Advisors Management Group Inc. ADV’s holdings in Emerson Electric were worth $5,864,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Transcendent Capital Group LLC purchased a new position in shares of Emerson Electric during the first quarter valued at approximately $31,000. Meeder Asset Management Inc. lifted its position in shares of Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 235 shares during the period. Morton Brown Family Wealth LLC bought a new stake in shares of Emerson Electric during the 3rd quarter valued at about $33,000. Versant Capital Management Inc raised its stake 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 buying an additional 269 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Emerson Electric during the 3rd quarter worth approximately $43,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Up 7.8 %

Shares of EMR stock opened at $126.86 on Thursday. The stock has a market cap of $72.65 billion, a P/E ratio of 42.57, a PEG ratio of 1.66 and a beta of 1.30. The company’s fifty day simple moving average is $107.50 and its two-hundred day simple moving average is $109.05. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $127.74.

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

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is presently 70.47%.

Analysts Set New Price Targets

Several brokerages recently weighed in on EMR. KeyCorp raised their price target on shares of Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday. Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday. Barclays raised their price target on Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Finally, Oppenheimer boosted their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $127.65.

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.