Excalibur Management Corp Has $622,000 Holdings in Emerson Electric Co. (NYSE:EMR)

Excalibur Management Corp lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 3.1% during the second quarter, HoldingsChannel reports. The fund owned 5,647 shares of the industrial products company’s stock after selling 180 shares during the quarter. Excalibur Management Corp’s holdings in Emerson Electric were worth $622,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in EMR. Security National Bank acquired a new stake in shares of Emerson Electric in the 4th quarter worth about $29,000. Cape Investment Advisory Inc. increased its stake in Emerson Electric by 148.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after buying an additional 188 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in Emerson Electric in the 1st quarter valued at about $31,000. Burkett Financial Services LLC purchased a new stake in Emerson Electric in the 4th quarter valued at about $32,000. Finally, Meeder Asset Management Inc. increased its stake in Emerson Electric by 361.5% in the 2nd 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. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Up 0.3 %

EMR opened at $102.30 on Tuesday. The company has a 50 day moving average of $107.66 and a 200 day moving average of $109.57. The company has a market cap of $58.53 billion, a PE ratio of 5.47, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.42 by $0.01. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The firm had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period last year, the firm earned $1.29 EPS. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, sell-side analysts expect that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s payout ratio is 11.24%.

Analyst Upgrades and Downgrades

EMR has been the subject of several analyst reports. Redburn Atlantic initiated coverage on shares of Emerson Electric in a research note on Monday, July 8th. They issued a “buy” rating and a $135.00 price objective for the company. Wells Fargo & Company decreased their price objective on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Royal Bank of Canada decreased their price target on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Oppenheimer decreased their price target on shares of Emerson Electric from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, Robert W. Baird raised their price target on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $124.29.

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.