Linscomb Wealth Inc. Decreases Stock Position in Emerson Electric Co. (NYSE:EMR)

Linscomb Wealth Inc. cut its stake in Emerson Electric Co. (NYSE:EMR) by 1.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,966 shares of the industrial products company’s stock after selling 392 shares during the quarter. Linscomb Wealth Inc.’s holdings in Emerson Electric were worth $3,834,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in EMR. Orion Capital Management LLC bought a new stake in Emerson Electric during the fourth quarter worth about $25,000. Vega Investment Solutions bought a new stake in Emerson Electric during the fourth quarter worth about $27,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Emerson Electric during the first quarter worth about $27,000. Inlight Wealth Management LLC bought a new stake in Emerson Electric during the first quarter worth about $28,000. Finally, Fourth Dimension Wealth LLC lifted its stake in Emerson Electric by 145.3% during the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 154 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Trading Down 0.0%

Shares of Emerson Electric stock opened at $132.82 on Monday. The firm has a market cap of $74.75 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 2.59 and a beta of 1.32. The business has a 50-day moving average price of $135.34 and a 200-day moving average price of $121.59. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. The company had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.60 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, August 15th. Emerson Electric’s payout ratio is presently 45.38%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EMR. KeyCorp lifted their price target on Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $125.00 to $127.00 in a research report on Thursday. Robert W. Baird cut their target price on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. JPMorgan Chase & Co. upped their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Finally, Stephens raised their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $142.39.

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.