Courier Capital LLC Sells 683 Shares of Emerson Electric Co. $EMR

Courier Capital LLC cut its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 4.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,913 shares of the industrial products company’s stock after selling 683 shares during the period. Courier Capital LLC’s holdings in Emerson Electric were worth $2,122,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Saudi Central Bank bought a new position in shares of Emerson Electric in the first quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Emerson Electric in the 1st quarter valued at $27,000. Inlight Wealth Management LLC bought a new position in Emerson Electric during the 1st quarter valued at $28,000. Fourth Dimension Wealth LLC grew its stake in shares of Emerson Electric by 145.3% in the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 154 shares in the last quarter. Finally, Garde Capital Inc. purchased a new stake in shares of Emerson Electric in the first quarter valued at about $36,000. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

EMR has been the subject of several analyst reports. Wolfe Research decreased 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 note on Wednesday, October 8th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $140.00 price target (down from $150.00) on shares of Emerson Electric in a research report on Monday, October 6th. Deutsche Bank Aktiengesellschaft boosted their price objective on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. KeyCorp raised 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. Finally, Bank of America boosted their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Two investment 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 issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.56.

Emerson Electric Stock Up 1.2%

Shares of NYSE EMR opened at $129.70 on Wednesday. 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 stock has a market capitalization of $73.00 billion, a PE ratio of 27.89, a P/E/G ratio of 2.23 and a beta of 1.29. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The business’s fifty day moving average price is $132.16 and its 200-day moving average price is $125.51.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data 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 return on equity of 14.34% and a net margin of 14.92%. On average, equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed 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 1.6%. 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.