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

Modera Wealth Management LLC lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 215,018 shares of the industrial products company’s stock after selling 1,752 shares during the quarter. Modera Wealth Management LLC’s holdings in Emerson Electric were worth $23,517,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

EMR has been the topic of a number of research reports. Barclays dropped their target price on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Morgan Stanley initiated coverage on Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective for the company. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Oppenheimer upped their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Finally, Royal Bank of Canada cut their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $125.47.

Emerson Electric Stock Performance

Shares of EMR opened at $108.13 on Friday. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $119.53. The stock has a market capitalization of $61.93 billion, a P/E ratio of 36.29, a P/E/G ratio of 1.68 and a beta of 1.30. The firm’s 50 day moving average is $106.19 and its 200-day moving average is $109.00. 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 (NYSE:EMR) last posted its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 11.41% and a net margin of 10.12%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 earnings per share. Equities research analysts anticipate that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 annualized dividend and a yield of 1.94%. Emerson Electric’s payout ratio 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.