Cobblestone Capital Advisors LLC NY Cuts Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Cobblestone Capital Advisors LLC NY decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 3.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,338 shares of the industrial products company’s stock after selling 550 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Emerson Electric were worth $1,690,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Gilbert & Cook Inc. increased its holdings in Emerson Electric by 4.8% in the fourth quarter. Gilbert & Cook Inc. now owns 4,332 shares of the industrial products company’s stock valued at $422,000 after buying an additional 199 shares in the last quarter. Gryphon Financial Partners LLC raised its holdings in Emerson Electric by 12.8% during the fourth quarter. Gryphon Financial Partners LLC now owns 6,380 shares of the industrial products company’s stock worth $619,000 after purchasing an additional 722 shares during the last quarter. Principal Securities Inc. purchased a new stake in Emerson Electric during the fourth quarter worth $505,000. Teacher Retirement System of Texas grew its holdings in Emerson Electric by 5.7% in the fourth quarter. Teacher Retirement System of Texas now owns 265,278 shares of the industrial products company’s stock valued at $25,820,000 after purchasing an additional 14,341 shares during the last quarter. Finally, Qsemble Capital Management LP acquired a new position in shares of Emerson Electric during the 4th quarter worth $798,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Down 1.8 %

EMR stock traded down $1.78 on Friday, hitting $98.19. 2,780,873 shares of the company were exchanged, compared to its average volume of 2,698,155. The stock has a market capitalization of $56.17 billion, a price-to-earnings ratio of 5.25, a price-to-earnings-growth ratio of 1.75 and a beta of 1.30. The business’s fifty day moving average is $108.69 and its two-hundred day moving average is $109.72. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86.

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

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 16th will be issued a $0.525 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.10 annualized dividend and a yield of 2.14%. Emerson Electric’s payout ratio is 11.24%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Royal Bank of Canada dropped their target price on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Oppenheimer cut their price objective on Emerson Electric from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Robert W. Baird raised their price target on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Loop Capital lifted their price objective on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.06.

About Emerson Electric

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.