Baugh & Associates LLC Reduces Stock Position in Emerson Electric Co. (NYSE:EMR)

Baugh & Associates LLC cut its holdings in Emerson Electric Co. (NYSE:EMR) by 2.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,053 shares of the industrial products company’s stock after selling 683 shares during the quarter. Emerson Electric makes up approximately 1.3% of Baugh & Associates LLC’s portfolio, making the stock its 28th largest holding. Baugh & Associates LLC’s holdings in Emerson Electric were worth $2,475,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of EMR. Newport Trust Company LLC acquired a new stake in shares of Emerson Electric in the second quarter valued at approximately $574,908,000. Pathway Financial Advisers LLC grew its position in shares of Emerson Electric by 10,993.2% in the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock valued at $226,443,000 after purchasing an additional 2,051,764 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Emerson Electric by 107.2% in the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after purchasing an additional 2,016,075 shares during the last quarter. Swedbank AB grew its position in shares of Emerson Electric by 127.3% in the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after purchasing an additional 1,424,800 shares during the last quarter. Finally, Perpetual Ltd boosted its position in Emerson Electric by 57,336.1% during the third quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company’s stock worth $131,918,000 after acquiring an additional 1,204,058 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday. Royal Bank of Canada decreased their target price on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday. Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Wells Fargo & Company raised their target price on shares of Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus target price of $127.65.

Emerson Electric Stock Performance

Shares of EMR stock opened at $126.86 on Thursday. The company’s fifty day simple moving average is $107.50 and its 200-day simple moving average is $109.05. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $127.74. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The company has a market cap of $72.65 billion, a PE ratio of 42.57, a P/E/G ratio of 1.68 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last issued its earnings results 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. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The business had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter last year, the firm posted $1.29 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Increases Dividend

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

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.