Emerson Electric Co. (NYSE:EMR) Shares Sold by BKM Wealth Management LLC

BKM Wealth Management LLC trimmed its position in Emerson Electric Co. (NYSE:EMR) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,781 shares of the industrial products company’s stock after selling 186 shares during the quarter. BKM Wealth Management LLC’s holdings in Emerson Electric were worth $1,179,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EMR. Newport Trust Company LLC purchased a new stake in Emerson Electric during the second quarter worth approximately $574,908,000. Swedbank AB raised its stake in Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after acquiring an additional 1,424,800 shares in the last quarter. Perpetual Ltd boosted its stake in Emerson Electric by 57,336.1% in the third quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company’s stock valued at $131,918,000 after acquiring an additional 1,204,058 shares in the last quarter. Clean Energy Transition LLP grew its holdings in shares of Emerson Electric by 110.7% during the first quarter. Clean Energy Transition LLP now owns 1,885,183 shares of the industrial products company’s stock worth $213,817,000 after purchasing an additional 990,615 shares during the last quarter. Finally, Sarasin & Partners LLP purchased a new stake in shares of Emerson Electric in the 3rd quarter valued at about $87,551,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $108.15 on Friday. 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 Co. has a 1-year low of $83.10 and a 1-year high of $119.53. The company has a market capitalization of $61.87 billion, a price-to-earnings ratio of 5.79, a PEG ratio of 1.70 and a beta of 1.30. The business has a 50-day moving average of $106.09 and a 200-day moving average of $109.08.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data 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 analyst estimates of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.29 earnings per share. On average, equities 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 paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.94%. The ex-dividend date was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is currently 11.24%.

Analyst Ratings Changes

Several research firms recently commented on EMR. 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. Robert W. Baird lifted their target price on shares of Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. Redburn Atlantic initiated coverage on Emerson Electric in a research note on Monday, July 8th. They set a “buy” rating and a $135.00 price target for the company. Finally, Morgan Stanley initiated coverage on shares of Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective on the stock. One investment 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $125.47.

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.