3Chopt Investment Partners LLC Decreases Stock Holdings in Emerson Electric Co. $EMR

3Chopt Investment Partners LLC cut its position in Emerson Electric Co. (NYSE:EMR) by 6.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,591 shares of the industrial products company’s stock after selling 182 shares during the period. 3Chopt Investment Partners LLC’s holdings in Emerson Electric were worth $345,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Commerzbank Aktiengesellschaft FI lifted its position in shares of Emerson Electric by 8.0% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 21,747 shares of the industrial products company’s stock valued at $2,900,000 after acquiring an additional 1,616 shares in the last quarter. Stiles Financial Services Inc increased its holdings in shares of Emerson Electric by 7.2% in the second quarter. Stiles Financial Services Inc now owns 2,595 shares of the industrial products company’s stock valued at $346,000 after purchasing an additional 174 shares during the last quarter. Callan Family Office LLC increased its holdings in shares of Emerson Electric by 133.3% in the second quarter. Callan Family Office LLC now owns 16,333 shares of the industrial products company’s stock valued at $2,178,000 after purchasing an additional 9,333 shares during the last quarter. Blair William & Co. IL increased its holdings in shares of Emerson Electric by 0.5% in the second quarter. Blair William & Co. IL now owns 377,644 shares of the industrial products company’s stock valued at $50,351,000 after purchasing an additional 1,696 shares during the last quarter. Finally, Leo Wealth LLC acquired a new stake in shares of Emerson Electric in the second quarter valued at approximately $5,010,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EMR has been the subject of several recent research reports. Daiwa Capital Markets increased their price target on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. KeyCorp lifted their target price on Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Tuesday, July 1st. Bank of America lifted their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Wells Fargo & Company restated an “equal weight” rating and issued a $140.00 target price (down previously from $150.00) on shares of Emerson Electric in a research report on Monday, October 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $144.29.

Emerson Electric Stock Down 4.2%

Shares of NYSE EMR opened at $125.99 on Friday. The company has a market capitalization of $70.91 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 2.29 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The business has a 50-day moving average of $132.66 and a two-hundred day moving average of $125.17. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. The firm had revenue of $3.16 billion during the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. On average, analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 annualized dividend and a yield of 1.7%. Emerson Electric’s dividend payout ratio (DPR) is 45.38%.

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.