Capital Management Associates Inc Has $205,000 Position in Emerson Electric Co. $EMR

Capital Management Associates Inc lowered its holdings in Emerson Electric Co. (NYSE:EMR) by 49.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,538 shares of the industrial products company’s stock after selling 1,534 shares during the quarter. Capital Management Associates Inc’s holdings in Emerson Electric were worth $205,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of EMR. Brighton Jones LLC boosted its stake in Emerson Electric by 74.1% in the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock worth $1,412,000 after purchasing an additional 4,850 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Emerson Electric by 59.4% during the first quarter. Farther Finance Advisors LLC now owns 16,373 shares of the industrial products company’s stock valued at $1,801,000 after acquiring an additional 6,099 shares during the period. Harbor Capital Advisors Inc. acquired a new position in shares of Emerson Electric during the first quarter valued at $1,388,000. GAMMA Investing LLC lifted its stake in shares of Emerson Electric by 16.8% during the first quarter. GAMMA Investing LLC now owns 10,274 shares of the industrial products company’s stock valued at $1,126,000 after acquiring an additional 1,479 shares during the period. Finally, Simplicity Wealth LLC acquired a new position in shares of Emerson Electric during the first quarter valued at $1,429,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Up 1.2%

Shares of Emerson Electric stock opened at $133.10 on Thursday. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The business has a 50-day moving average of $133.25 and a two-hundred day moving average of $124.98. The company has a market capitalization of $74.91 billion, a P/E ratio of 28.62, 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.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the prior year, the company earned $1.43 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, equities analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, August 15th. Emerson Electric’s dividend payout ratio is 45.38%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EMR. TD Cowen raised Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Stephens upped their price target on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft upped their price target on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $144.29.

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.