D.A. Davidson & CO. Sells 220 Shares of Emerson Electric Co. $EMR

D.A. Davidson & CO. cut its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,170 shares of the industrial products company’s stock after selling 220 shares during the period. D.A. Davidson & CO.’s holdings in Emerson Electric were worth $17,889,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. First Horizon Advisors Inc. increased its position in shares of Emerson Electric by 2.7% during the first quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company’s stock valued at $23,271,000 after purchasing an additional 5,504 shares during the period. Davis Investment Partners LLC bought a new stake in shares of Emerson Electric during the second quarter valued at approximately $692,000. North Capital Inc. bought a new stake in shares of Emerson Electric during the first quarter valued at approximately $211,000. Golden State Equity Partners bought a new stake in shares of Emerson Electric during the first quarter valued at approximately $459,000. Finally, Truist Financial Corp increased its position in shares of Emerson Electric by 1.7% during the first quarter. Truist Financial Corp now owns 1,078,616 shares of the industrial products company’s stock valued at $118,259,000 after purchasing an additional 18,069 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Trading Down 1.6%

Shares of EMR opened at $130.00 on Thursday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The firm has a market capitalization of $73.17 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 2.29 and a beta of 1.29. The stock’s fifty day simple moving average is $131.78 and its 200-day simple moving average is $126.39.

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. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The business had revenue of $3.16 billion for the quarter. As a group, research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Royal Bank Of Canada boosted their price target on Emerson Electric from $154.00 to $155.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. KeyCorp boosted their price target on Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Bank of America boosted their price target on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Stephens boosted 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. Finally, Citigroup boosted their price target on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.28.

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.