Laidlaw Wealth Management LLC lowered its holdings in Emerson Electric Co. (NYSE:EMR – Get Rating) by 17.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,993 shares of the industrial products company’s stock after selling 625 shares during the period. Laidlaw Wealth Management LLC’s holdings in Emerson Electric were worth $293,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American National Bank grew its holdings in shares of Emerson Electric by 13.5% during the first quarter. American National Bank now owns 932 shares of the industrial products company’s stock valued at $91,000 after buying an additional 111 shares during the last quarter. Goelzer Investment Management Inc. increased its holdings in shares of Emerson Electric by 1.9% in the 4th quarter. Goelzer Investment Management Inc. now owns 6,202 shares of the industrial products company’s stock worth $577,000 after purchasing an additional 118 shares in the last quarter. Eads & Heald Wealth Management raised its stake in shares of Emerson Electric by 0.4% in the first quarter. Eads & Heald Wealth Management now owns 27,995 shares of the industrial products company’s stock worth $2,745,000 after purchasing an additional 120 shares during the last quarter. Synergy Asset Management LLC boosted its position in shares of Emerson Electric by 0.3% during the first quarter. Synergy Asset Management LLC now owns 39,021 shares of the industrial products company’s stock valued at $3,826,000 after buying an additional 122 shares during the last quarter. Finally, Choreo LLC increased its holdings in Emerson Electric by 3.4% in the 1st quarter. Choreo LLC now owns 3,706 shares of the industrial products company’s stock worth $363,000 after buying an additional 123 shares in the last quarter. 72.75% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
EMR has been the subject of a number of research analyst reports. Barclays reduced their price target on shares of Emerson Electric from $87.00 to $80.00 and set an “equal weight” rating for the company in a research note on Friday, July 8th. Oppenheimer lowered their price target on Emerson Electric from $115.00 to $110.00 in a report on Monday, May 9th. Argus lifted their price objective on Emerson Electric from $95.00 to $98.00 and gave the stock a “buy” rating in a report on Tuesday, August 16th. Morgan Stanley raised their target price on Emerson Electric from $95.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 10th. Finally, Credit Suisse Group reduced their price target on shares of Emerson Electric from $107.00 to $106.00 and set an “outperform” rating for the company in a research report on Wednesday, August 10th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $98.77.
Emerson Electric Trading Down 0.3 %
Emerson Electric (NYSE:EMR – Get Rating) last released its quarterly earnings data on Tuesday, August 9th. The industrial products company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.29 by $0.09. The business had revenue of $5 billion during the quarter, compared to the consensus estimate of $5.10 billion. Emerson Electric had a net margin of 16.45% and a return on equity of 25.06%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.09 EPS. On average, equities analysts predict that Emerson Electric Co. will post 5.11 earnings per share for the current fiscal year.
Emerson Electric Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Friday, August 12th will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.52%. The ex-dividend date is Thursday, August 11th. Emerson Electric’s dividend payout ratio is presently 39.02%.
About Emerson Electric
Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and residential markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, and Commercial & Residential Solutions segments.
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