Emerson Electric Co. (NYSE:EMR) Shares Sold by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,355 shares of the industrial products company’s stock after selling 272 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Emerson Electric were worth $10,757,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Banque Cantonale Vaudoise lifted its position in shares of Emerson Electric by 20.5% during the 1st quarter. Banque Cantonale Vaudoise now owns 14,609 shares of the industrial products company’s stock valued at $1,657,000 after acquiring an additional 2,481 shares during the last quarter. Wedmont Private Capital lifted its holdings in shares of Emerson Electric by 6.5% during the first quarter. Wedmont Private Capital now owns 4,357 shares of the industrial products company’s stock valued at $498,000 after purchasing an additional 266 shares during the last quarter. RFG Advisory LLC boosted its position in shares of Emerson Electric by 8.4% in the 1st quarter. RFG Advisory LLC now owns 9,573 shares of the industrial products company’s stock valued at $1,086,000 after purchasing an additional 742 shares during the period. Douglas Lane & Associates LLC raised its holdings in Emerson Electric by 5.1% during the 1st quarter. Douglas Lane & Associates LLC now owns 8,179 shares of the industrial products company’s stock worth $928,000 after buying an additional 398 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in Emerson Electric by 4.9% during the first quarter. International Assets Investment Management LLC now owns 3,175 shares of the industrial products company’s stock valued at $360,000 after buying an additional 149 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Trading Down 0.0 %

Emerson Electric stock opened at $110.44 on Friday. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53. The company’s fifty day moving average price is $105.66 and its two-hundred day moving average price is $109.20. The company has a market capitalization of $63.18 billion, a price-to-earnings ratio of 5.91, a PEG ratio of 1.70 and a beta of 1.30. 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 posted 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 firm had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same period in the previous year, the company earned $1.29 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, analysts forecast that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced 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 1.90%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is currently 11.24%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Royal Bank of Canada reduced 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 report on Thursday, August 8th. Oppenheimer increased their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $135.00 to $120.00 in a report on Wednesday. Wells Fargo & Company reduced their price objective on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, Barclays lowered their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. One investment 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, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average target price 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.