Murphy Pohlad Asset Management LLC Lowers Position in Emerson Electric Co. (NYSE:EMR)

Murphy Pohlad Asset Management LLC cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 39,091 shares of the industrial products company’s stock after selling 715 shares during the quarter. Emerson Electric accounts for about 1.8% of Murphy Pohlad Asset Management LLC’s holdings, making the stock its 14th largest position. Murphy Pohlad Asset Management LLC’s holdings in Emerson Electric were worth $4,275,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Transcendent Capital Group LLC purchased a new position in Emerson Electric during the first quarter valued at $31,000. Meeder Asset Management Inc. lifted its position in 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 purchasing an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC bought a new stake in Emerson Electric during the third quarter valued at about $33,000. Versant Capital Management Inc raised its holdings in Emerson Electric by 471.9% during the second 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 during the period. Finally, Matrix Trust Co bought a new stake in Emerson Electric during the third quarter valued at about $44,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EMR has been the topic of a number of recent analyst reports. Royal Bank of Canada decreased their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Wells Fargo & Company decreased their target price on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Robert W. Baird boosted their target price on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Finally, Oppenheimer boosted their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $125.47.

Emerson Electric Trading Up 0.2 %

EMR opened at $108.46 on Friday. The stock has a market cap of $62.12 billion, a price-to-earnings ratio of 36.40, a P/E/G ratio of 1.67 and a beta of 1.30. The stock’s 50 day moving average price is $106.66 and its 200-day moving average price is $108.88. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16.

Emerson Electric (NYSE:EMR) last released 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. The firm had revenue of $4.38 billion for 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 company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.29 earnings per share. On average, equities analysts forecast that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were paid a $0.525 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 annualized dividend and a yield of 1.94%. Emerson Electric’s dividend payout ratio (DPR) 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.