Emerson Electric Co. $EMR Holdings Lowered by Trivium Point Advisory LLC

Trivium Point Advisory LLC trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR) by 9.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,184 shares of the industrial products company’s stock after selling 515 shares during the quarter. Trivium Point Advisory LLC’s holdings in Emerson Electric were worth $691,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in EMR. Brighton Jones LLC raised its holdings 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 worth $1,412,000 after purchasing an additional 4,850 shares in the last quarter. AdvisorNet Financial Inc raised its holdings in shares of Emerson Electric by 17.1% in the 1st quarter. AdvisorNet Financial Inc now owns 1,940 shares of the industrial products company’s stock worth $213,000 after purchasing an additional 284 shares in the last quarter. Fiduciary Alliance LLC raised its holdings in shares of Emerson Electric by 1.6% in the 1st quarter. Fiduciary Alliance LLC now owns 9,114 shares of the industrial products company’s stock worth $999,000 after purchasing an additional 141 shares in the last quarter. NBC Securities Inc. raised its holdings in shares of Emerson Electric by 99,293.8% in the 1st quarter. NBC Securities Inc. now owns 15,903 shares of the industrial products company’s stock worth $1,743,000 after purchasing an additional 15,887 shares in the last quarter. Finally, LVW Advisors LLC raised its holdings in shares of Emerson Electric by 22.8% in the 1st quarter. LVW Advisors LLC now owns 3,547 shares of the industrial products company’s stock worth $389,000 after purchasing an additional 659 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Up 1.5%

Emerson Electric stock opened at $131.18 on Wednesday. The firm has a market cap of $73.83 billion, a PE ratio of 28.21, a P/E/G ratio of 2.45 and a beta of 1.30. 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 firm’s 50 day moving average price is $135.02 and its two-hundred day moving average price is $124.21. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.01. The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 EPS. On average, research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Bank of America boosted their target price 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. Daiwa Capital Markets lifted their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Stephens lifted their target price 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. KeyCorp lifted their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 1st. Finally, Citigroup lifted their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and a consensus target price of $143.76.

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.