Guinness Atkinson Asset Management Inc Has $843,000 Position in Emerson Electric Co. (NYSE:EMR)

Guinness Atkinson Asset Management Inc reduced its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 3.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,708 shares of the industrial products company’s stock after selling 276 shares during the period. Guinness Atkinson Asset Management Inc’s holdings in Emerson Electric were worth $843,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Newport Trust Company LLC bought a new stake in Emerson Electric during the 2nd quarter worth approximately $574,908,000. Wellington Management Group LLP increased its holdings in shares of Emerson Electric by 12.5% in the fourth quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock valued at $1,307,680,000 after purchasing an additional 1,488,948 shares in the last quarter. Perpetual Ltd boosted its position in Emerson Electric by 57,336.1% in the 3rd quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company’s stock valued at $131,918,000 after buying an additional 1,204,058 shares during the last quarter. Swedbank AB acquired a new position in shares of Emerson Electric during the first quarter valued at $129,670,000. Finally, Clean Energy Transition LLP raised its holdings in Emerson Electric by 110.7% during the 1st quarter. Clean Energy Transition LLP now owns 1,885,183 shares of the industrial products company’s stock worth $213,817,000 after purchasing an additional 990,615 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company dropped their price target 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. Redburn Atlantic initiated coverage on Emerson Electric in a research report on Monday, July 8th. They issued a “buy” rating and a $135.00 price target on the stock. Oppenheimer increased their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. 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, Royal Bank of Canada lowered their target price 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $124.59.

Emerson Electric Stock Up 1.1 %

Shares of NYSE EMR traded up $1.18 during mid-day trading on Friday, hitting $112.06. The company had a trading volume of 2,113,290 shares, compared to its average volume of 2,725,999. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53. The company has a market capitalization of $64.11 billion, a PE ratio of 6.00, a price-to-earnings-growth ratio of 1.70 and a beta of 1.30. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The firm has a 50-day simple moving average of $105.03 and a two-hundred day simple moving average of $109.29.

Emerson Electric (NYSE:EMR) last posted its quarterly 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 firm had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the previous year, the firm earned $1.29 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. On average, equities analysts expect that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently announced 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 was Friday, August 16th. This represents a $2.10 annualized dividend and a yield of 1.87%. Emerson Electric’s dividend payout ratio (DPR) is currently 11.24%.

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.