Chicago Capital LLC Reduces Stock Position in Emerson Electric Co. (NYSE:EMR)

Chicago Capital LLC trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR) by 5.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,391 shares of the industrial products company’s stock after selling 1,257 shares during the period. Chicago Capital LLC’s holdings in Emerson Electric were worth $2,340,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC boosted its stake in shares of Emerson Electric by 0.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 624,068 shares of the industrial products company’s stock worth $68,254,000 after buying an additional 2,162 shares during the last quarter. First Citizens Bank & Trust Co. boosted its position in Emerson Electric by 8.9% in the third quarter. First Citizens Bank & Trust Co. now owns 14,114 shares of the industrial products company’s stock worth $1,544,000 after purchasing an additional 1,148 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Emerson Electric by 61.1% during the 3rd quarter. Blue Trust Inc. now owns 6,523 shares of the industrial products company’s stock valued at $719,000 after purchasing an additional 2,475 shares during the period. Net Worth Advisory Group purchased a new stake in shares of Emerson Electric during the 3rd quarter valued at about $631,000. Finally, Aaron Wealth Advisors LLC lifted its stake in shares of Emerson Electric by 44.0% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 5,259 shares of the industrial products company’s stock worth $575,000 after purchasing an additional 1,607 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Down 0.0 %

Shares of Emerson Electric stock opened at $110.44 on Friday. 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 has a market cap of $63.18 billion, a price-to-earnings ratio of 5.91, a PEG ratio of 1.70 and a beta of 1.30. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53. The business has a 50-day moving average price of $105.66 and a 200-day moving average price of $109.18.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The business had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the previous year, the company posted $1.29 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. Equities research analysts anticipate that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Friday, August 16th. Emerson Electric’s dividend payout ratio is 11.24%.

Analyst Ratings Changes

A number of analysts have commented on EMR shares. Barclays reduced their target price on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Redburn Atlantic began coverage on Emerson Electric in a report on Monday, July 8th. They issued a “buy” rating and a $135.00 target price on the stock. Royal Bank of Canada cut their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Oppenheimer raised their price objective on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Finally, StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.