Thurston Springer Miller Herd & Titak Inc. Lowers Stock Holdings in Emerson Electric Co. $EMR

Thurston Springer Miller Herd & Titak Inc. lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 93.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,332 shares of the industrial products company’s stock after selling 31,446 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Emerson Electric were worth $306,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Impact Capital Partners LLC boosted its stake in Emerson Electric by 3.9% in the 2nd quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company’s stock worth $255,000 after buying an additional 71 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in shares of Emerson Electric by 1.7% in the second quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,338 shares of the industrial products company’s stock worth $578,000 after acquiring an additional 71 shares during the last quarter. Jag Capital Management LLC grew its holdings in Emerson Electric by 1.9% in the second quarter. Jag Capital Management LLC now owns 3,954 shares of the industrial products company’s stock valued at $527,000 after purchasing an additional 72 shares during the period. Beacon Financial Advisory LLC increased its position in Emerson Electric by 2.9% during the second quarter. Beacon Financial Advisory LLC now owns 2,769 shares of the industrial products company’s stock worth $369,000 after purchasing an additional 77 shares during the last quarter. Finally, Petros Family Wealth LLC raised its stake in Emerson Electric by 0.9% during the second quarter. Petros Family Wealth LLC now owns 9,319 shares of the industrial products company’s stock worth $1,243,000 after purchasing an additional 80 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Transactions at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $133.00, for a total value of $965,979.00. Following the transaction, the chief executive officer owned 196,292 shares in the company, valued at $26,106,836. The trade was a 3.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EMR. Jefferies Financial Group restated a “hold” rating and set a $145.00 price objective on shares of Emerson Electric in a report on Wednesday, December 10th. Royal Bank Of Canada dropped their price target on Emerson Electric from $155.00 to $153.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a research note on Wednesday, October 8th. Evercore ISI initiated coverage on shares of Emerson Electric in a research report on Monday. They set an “outperform” rating and a $170.00 target price for the company. Finally, Daiwa Capital Markets raised their price target on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $149.06.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $134.24 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.88 and a quick ratio of 0.65. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The company has a market capitalization of $75.48 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 2.24 and a beta of 1.26. The business has a 50-day moving average of $132.32 and a 200-day moving average of $133.40.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. Emerson Electric had a return on equity of 15.87% and a net margin of 12.73%.The firm had revenue of $3.16 billion for the quarter. On average, equities analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric announced that its Board of Directors has initiated a share buyback program on Wednesday, November 5th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the industrial products company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were issued a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, November 14th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is 54.95%.

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.