Silvant Capital Management LLC Sells 362 Shares of Emerson Electric Co. (NYSE:EMR)

Silvant Capital Management LLC lessened its stake in Emerson Electric Co. (NYSE:EMR) by 2.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,725 shares of the industrial products company’s stock after selling 362 shares during the quarter. Silvant Capital Management LLC’s holdings in Emerson Electric were worth $1,610,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Transcendent Capital Group LLC bought a new stake in Emerson Electric in the first quarter valued at approximately $31,000. Meeder Asset Management Inc. raised 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 worth $33,000 after buying an additional 235 shares during the period. Morton Brown Family Wealth LLC bought a new position in Emerson Electric during the third quarter worth about $33,000. Versant Capital Management Inc grew its stake in Emerson Electric by 471.9% in 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 during the period. Finally, Matrix Trust Co acquired a new stake in shares of Emerson Electric during the third quarter worth about $44,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Royal Bank of Canada decreased their price objective on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Morgan Stanley began 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 for the company. Redburn Atlantic initiated coverage on shares of Emerson Electric in a research report on Monday, July 8th. They issued a “buy” rating and a $135.00 price objective on the stock. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. Finally, Oppenheimer boosted their price target on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and an average target price of $125.47.

Emerson Electric Stock Performance

NYSE EMR opened at $108.46 on Friday. The firm has a market capitalization of $62.12 billion, a P/E ratio of 36.40, a price-to-earnings-growth ratio of 1.67 and a beta of 1.30. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The firm’s fifty day moving average price is $106.66 and its two-hundred day moving average price is $108.88. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $119.53.

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

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 70.47%.

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.