Emerson Electric Co. (NYSE:EMR) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 62,792 shares of the industrial products company’s stock after selling 380 shares during the period. Boston Trust Walden Corp’s holdings in Emerson Electric were worth $6,868,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of EMR. Transcendent Capital Group LLC acquired a new position in shares of Emerson Electric during the 1st quarter worth about $31,000. Meeder Asset Management Inc. boosted its position in shares of 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 acquiring an additional 235 shares in the last quarter. Tributary Capital Management LLC acquired a new position in shares of Emerson Electric during the 1st quarter worth about $35,000. Versant Capital Management Inc boosted its position in shares of Emerson Electric by 471.9% during the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 269 shares in the last quarter. Finally, Matrix Trust Co acquired a new position in shares of Emerson Electric during the 3rd quarter worth about $44,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $108.13 on Monday. The firm has a market capitalization of $61.86 billion, a P/E ratio of 5.79, a PEG ratio of 1.68 and a beta of 1.30. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53. The company’s fifty day moving average is $106.19 and its two-hundred day moving average is $108.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, topping the consensus estimate 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 revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.29 EPS. Analysts forecast that Emerson Electric Co. will post 5.48 EPS 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 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 dividend yield of 1.94%. Emerson Electric’s payout ratio is currently 11.24%.

Analysts Set New Price Targets

Several analysts have recently weighed in on EMR shares. Royal Bank of Canada reduced their target price on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Barclays reduced their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Morgan Stanley started coverage on Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price for the company. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Finally, Wells Fargo & Company reduced their target price on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.47.

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.