Valley National Advisers Inc. Lowers Holdings in Emerson Electric Co. (NYSE:EMR)

Valley National Advisers Inc. lowered its position in shares of Emerson Electric Co. (NYSE:EMR) by 41.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,736 shares of the industrial products company’s stock after selling 10,297 shares during the period. Valley National Advisers Inc.’s holdings in Emerson Electric were worth $1,611,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Transcendent Capital Group LLC purchased a new position in shares of Emerson Electric in the 1st quarter valued at $31,000. Meeder Asset Management Inc. grew its holdings in Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 235 shares during the last quarter. Tributary Capital Management LLC purchased a new position in Emerson Electric during the 1st quarter worth $35,000. Versant Capital Management Inc increased its position in Emerson Electric by 471.9% during the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after buying an additional 269 shares in the last quarter. Finally, Matrix Trust Co purchased a new stake in Emerson Electric in the third quarter valued at about $44,000. 74.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on EMR. Royal Bank of Canada cut their price objective on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a report 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 target price on the stock. Robert W. Baird lifted their price target on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. Finally, Barclays dropped their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.47.

Emerson Electric Stock Down 0.1 %

EMR stock opened at $108.13 on Friday. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. The firm’s fifty day moving average is $106.19 and its 200 day moving average is $109.00. The firm has a market cap of $61.93 billion, a PE ratio of 36.29, a P/E/G ratio of 1.68 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The firm had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the firm earned $1.29 EPS. On average, research analysts forecast that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Dividend Announcement

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. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.94%. Emerson Electric’s dividend payout ratio (DPR) is 70.47%.

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.