Emerson Electric Co. $EMR Shares Sold by Cascade Investment Advisors Inc.

Cascade Investment Advisors Inc. reduced its position in Emerson Electric Co. (NYSE:EMR) by 5.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 12,983 shares of the industrial products company’s stock after selling 710 shares during the quarter. Cascade Investment Advisors Inc.’s holdings in Emerson Electric were worth $1,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in EMR. Brighton Jones LLC lifted its stake in shares of Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after purchasing an additional 4,850 shares during the period. GAMMA Investing LLC raised its position in Emerson Electric by 16.8% during the first quarter. GAMMA Investing LLC now owns 10,274 shares of the industrial products company’s stock worth $1,126,000 after acquiring an additional 1,479 shares during the period. Goldstone Financial Group LLC raised its position in Emerson Electric by 6.5% during the first quarter. Goldstone Financial Group LLC now owns 4,434 shares of the industrial products company’s stock worth $486,000 after acquiring an additional 272 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Emerson Electric by 15.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 347,763 shares of the industrial products company’s stock worth $38,129,000 after acquiring an additional 46,998 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new position in Emerson Electric during the first quarter worth $66,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EMR. Stephens upped their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. Wolfe Research reduced their price objective on shares of Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a research report on Wednesday, October 8th. Jefferies Financial Group reduced their price objective on shares of Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a research report on Tuesday, October 7th. Bank of America increased their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Finally, KeyCorp increased their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Tuesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $145.56.

Emerson Electric Stock Down 4.2%

Shares of EMR opened at $125.99 on Monday. The stock has a market capitalization of $70.91 billion, a PE ratio of 27.09, a P/E/G ratio of 2.19 and a beta of 1.29. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The company’s 50-day simple moving average is $132.66 and its 200-day simple moving average is $125.34.

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

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued 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%.

About Emerson Electric

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.