Maia Wealth LLC Sells 152 Shares of Emerson Electric Co. (NYSE:EMR)

Maia Wealth LLC lowered its position in shares of Emerson Electric Co. (NYSE:EMR) by 5.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,678 shares of the industrial products company’s stock after selling 152 shares during the period. Maia Wealth LLC’s holdings in Emerson Electric were worth $290,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Transcendent Capital Group LLC bought a new position in Emerson Electric during the first quarter worth $31,000. Meeder Asset Management Inc. grew its holdings in shares of Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after buying an additional 235 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new stake in shares of Emerson Electric in the 3rd quarter worth about $33,000. Versant Capital Management Inc lifted its position in Emerson Electric by 471.9% in the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 269 shares in the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new position in Emerson Electric during the 3rd quarter valued at about $43,000. 74.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on EMR shares. Robert W. Baird raised their target price on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Wednesday. Oppenheimer upped their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Finally, Deutsche Bank Aktiengesellschaft lifted 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $127.65.

Emerson Electric Trading Up 7.8 %

NYSE EMR opened at $126.86 on Thursday. The company has a market capitalization of $72.65 billion, a price-to-earnings ratio of 42.57, a PEG ratio of 1.66 and a beta of 1.30. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $127.74. 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’s 50-day simple moving average is $107.50 and its two-hundred day simple moving average is $109.05.

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

Emerson Electric Increases Dividend

The firm 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 dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is currently 70.47%.

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.