Compass Wealth Management LLC Lowers Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Compass Wealth Management LLC lowered its stake in Emerson Electric Co. (NYSE:EMR) by 12.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,210 shares of the industrial products company’s stock after selling 2,270 shares during the period. Compass Wealth Management LLC’s holdings in Emerson Electric were worth $1,773,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EMR. Transcendent Capital Group LLC bought a new position in shares of Emerson Electric during the first quarter valued at $31,000. Meeder Asset Management Inc. increased its stake in Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 235 shares in the last quarter. Tributary Capital Management LLC purchased a new position in Emerson Electric in the first quarter worth about $35,000. Rise Advisors LLC purchased a new stake in shares of Emerson Electric during the first quarter valued at approximately $36,000. Finally, Versant Capital Management Inc increased its position in shares of Emerson Electric by 471.9% during the second quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 269 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Barclays lowered their price target on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Oppenheimer upped their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $135.00 to $120.00 in a research note on Wednesday. Morgan Stanley initiated coverage on shares of Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective on the stock. Finally, JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.47.

Emerson Electric Stock Down 0.1 %

NYSE EMR opened at $110.47 on Friday. The stock’s 50-day moving average price is $105.52 and its 200-day moving average price is $109.23. The company has a market capitalization of $63.20 billion, a P/E ratio of 5.91, a price-to-earnings-growth ratio of 1.70 and a beta of 1.30. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $119.53.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.01. The business had revenue of $4.38 billion for 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 for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.29 earnings per share. On average, equities research analysts predict 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 was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.90%. Emerson Electric’s dividend payout ratio is presently 11.24%.

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.