Raymond James Trust N.A. Trims Stock Position in Emerson Electric Co. (NYSE:EMR)

Raymond James Trust N.A. lowered its holdings in shares of Emerson Electric Co. (NYSE:EMRGet Rating) by 1.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,312 shares of the industrial products company’s stock after selling 327 shares during the quarter. Raymond James Trust N.A.’s holdings in Emerson Electric were worth $2,411,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EMR. Ulland Investment Advisors LLC purchased a new stake in shares of Emerson Electric during the 1st quarter valued at about $26,000. Lee Financial Co increased its position in shares of Emerson Electric by 5,600.0% during the 1st quarter. Lee Financial Co now owns 285 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 280 shares during the last quarter. Gradient Investments LLC increased its position in shares of Emerson Electric by 76.6% during the 2nd quarter. Gradient Investments LLC now owns 369 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 160 shares during the last quarter. Certified Advisory Corp purchased a new stake in shares of Emerson Electric during the 1st quarter valued at about $34,000. Finally, Credit Agricole S A bought a new position in shares of Emerson Electric during the 4th quarter valued at approximately $35,000. Hedge funds and other institutional investors own 72.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EMR shares. Wells Fargo & Company boosted their price objective on Emerson Electric from $87.00 to $89.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 12th. William Blair restated a “market perform” rating on shares of Emerson Electric in a research note on Tuesday, August 9th. Morgan Stanley upped their price target on Emerson Electric from $95.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 10th. JPMorgan Chase & Co. initiated coverage on Emerson Electric in a research note on Thursday, July 7th. They issued a “neutral” rating and a $80.00 price target for the company. Finally, Credit Suisse Group dropped their price target on Emerson Electric from $107.00 to $106.00 and set an “outperform” rating for the company in a research note on Wednesday, August 10th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $98.77.

Emerson Electric Stock Performance

NYSE:EMR opened at $75.53 on Friday. The stock’s fifty day moving average is $84.77 and its 200 day moving average is $87.42. Emerson Electric Co. has a fifty-two week low of $75.50 and a fifty-two week high of $100.47. The firm has a market capitalization of $44.66 billion, a PE ratio of 14.30, a PEG ratio of 1.78 and a beta of 1.42. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.80 and a current ratio of 1.06.

Emerson Electric (NYSE:EMRGet Rating) last released its earnings results on Tuesday, August 9th. The industrial products company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.09. Emerson Electric had a return on equity of 25.06% and a net margin of 16.45%. The business had revenue of $5 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter last year, the firm posted $1.09 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.11 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $2.06 annualized dividend and a dividend yield of 2.73%. Emerson Electric’s dividend payout ratio is currently 39.02%.

Emerson Electric Company Profile

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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.

See Also

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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