ST Germain D J Co. Inc. Sells 1,367 Shares of Emerson Electric Co. (NYSE:EMR)

ST Germain D J Co. Inc. lessened its position in shares of Emerson Electric Co. (NYSE:EMR) by 8.3% in the third quarter, Holdings Channel.com reports. The firm owned 15,094 shares of the industrial products company’s stock after selling 1,367 shares during the period. ST Germain D J Co. Inc.’s holdings in Emerson Electric were worth $1,651,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of EMR. Thrive Wealth Management LLC boosted its stake in shares of Emerson Electric by 4.1% during the 2nd quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock worth $255,000 after buying an additional 91 shares during the last quarter. LCM Capital Management Inc grew its stake in Emerson Electric by 1.4% in the second quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock valued at $748,000 after purchasing an additional 91 shares in the last quarter. Sabal Trust CO raised its stake in shares of Emerson Electric by 2.2% during the 2nd quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock worth $475,000 after purchasing an additional 93 shares in the last quarter. Catalyst Financial Partners LLC boosted its holdings in shares of Emerson Electric by 3.7% in the 2nd quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock valued at $287,000 after buying an additional 94 shares during the last quarter. Finally, PFG Advisors increased its holdings in Emerson Electric by 3.8% during the first quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock worth $294,000 after buying an additional 96 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Ratings Changes

EMR has been the subject of a number of analyst reports. Morgan Stanley began coverage on shares of Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective for the company. Oppenheimer boosted their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $135.00 to $120.00 in a research report on Wednesday. Redburn Atlantic initiated coverage on Emerson Electric in a report on Monday, July 8th. They set a “buy” rating and a $135.00 target price on the stock. Finally, 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.47.

Emerson Electric Stock Down 0.0 %

NYSE EMR opened at $110.44 on Friday. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $119.53. The business has a fifty day moving average price of $105.66 and a two-hundred day moving average price of $109.18. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. The stock has a market capitalization of $63.18 billion, a PE ratio of 5.91, a PEG ratio of 1.70 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data 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 analyst estimates of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. Emerson Electric’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm posted $1.29 earnings per share. Equities analysts expect that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were given a $0.525 dividend. The ex-dividend date 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 currently 11.24%.

Emerson Electric 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.