Fruth Investment Management Sells 323 Shares of Emerson Electric Co. $EMR

Fruth Investment Management lowered its holdings in Emerson Electric Co. (NYSE:EMR) by 0.8% in the first quarter, Holdings Channel reports. The firm owned 39,210 shares of the industrial products company’s stock after selling 323 shares during the quarter. Emerson Electric comprises about 1.2% of Fruth Investment Management’s holdings, making the stock its 20th biggest position. Fruth Investment Management’s holdings in Emerson Electric were worth $4,298,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Orion Capital Management LLC bought a new position in Emerson Electric in the fourth quarter valued at $25,000. Saudi Central Bank acquired a new stake in Emerson Electric in the first quarter valued at $25,000. Vega Investment Solutions acquired a new stake in Emerson Electric in the fourth quarter valued at $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Emerson Electric in the first quarter valued at $27,000. Finally, Inlight Wealth Management LLC acquired a new stake in Emerson Electric in the first quarter valued at $28,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

NYSE EMR opened at $137.66 on Friday. The firm has a 50-day moving average of $137.43 and a 200-day moving average of $122.71. 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 stock has a market cap of $77.48 billion, a PE ratio of 29.60, a P/E/G ratio of 2.60 and a beta of 1.30. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.60 billion. During the same quarter in the previous year, the company earned $1.43 EPS. The business’s revenue was up 3.9% on a year-over-year basis. On average, sell-side 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. Shareholders of record on Friday, August 15th were paid a $0.5275 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.11 annualized dividend and a yield of 1.5%. Emerson Electric’s payout ratio is 45.38%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EMR shares. JPMorgan Chase & Co. increased their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. KeyCorp increased their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Wells Fargo & Company increased their price target on shares of Emerson Electric from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Barclays upgraded shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. Finally, Citigroup raised their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.39.

Emerson Electric Company 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.