LifeSteps Financial Inc. Decreases Stock Position in Emerson Electric Co. (NYSE:EMR)

LifeSteps Financial Inc. trimmed its position in Emerson Electric Co. (NYSE:EMR) by 4.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,795 shares of the industrial products company’s stock after selling 270 shares during the period. LifeSteps Financial Inc.’s holdings in Emerson Electric were worth $634,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fisher Asset Management LLC increased its position in Emerson Electric by 2.5% during the fourth quarter. Fisher Asset Management LLC now owns 215,491 shares of the industrial products company’s stock worth $20,974,000 after purchasing an additional 5,188 shares during the last quarter. CWM LLC increased its holdings in shares of Emerson Electric by 7.3% during the 1st quarter. CWM LLC now owns 15,725 shares of the industrial products company’s stock worth $1,784,000 after buying an additional 1,076 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Emerson Electric by 11.2% in the 1st quarter. GAMMA Investing LLC now owns 4,699 shares of the industrial products company’s stock worth $533,000 after buying an additional 474 shares during the period. Rise Advisors LLC acquired a new position in Emerson Electric in the first quarter valued at $36,000. Finally, Farmers Trust Co. purchased a new stake in Emerson Electric during the first quarter valued at about $328,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Up 0.2 %

Shares of Emerson Electric stock traded up $0.26 on Thursday, hitting $110.85. 982,966 shares of the company’s stock traded hands, compared to its average volume of 2,703,432. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The firm’s 50-day moving average is $105.41 and its 200 day moving average is $109.22. The stock has a market cap of $63.42 billion, a P/E ratio of 5.92, a PEG ratio of 1.70 and a beta of 1.30. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $119.53.

Emerson Electric (NYSE:EMR) last released 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. The company had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.29 EPS. Equities analysts anticipate that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Friday, August 16th. Emerson Electric’s dividend payout ratio is presently 11.24%.

Analyst Ratings Changes

A number of equities analysts have recently commented on EMR shares. Robert W. Baird raised their price objective on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $135.00 to $120.00 in a report on Wednesday. Royal Bank of Canada reduced their price target on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. Finally, Redburn Atlantic assumed coverage on shares of Emerson Electric in a report on Monday, July 8th. They set a “buy” rating and a $135.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.47.

Emerson Electric Company 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.