Knights of Columbus Asset Advisors LLC Lowers Holdings in Emerson Electric Co. $EMR

Knights of Columbus Asset Advisors LLC lowered its holdings in Emerson Electric Co. (NYSE:EMR) by 50.2% during the second quarter, Holdings Channel.com reports. The firm owned 23,599 shares of the industrial products company’s stock after selling 23,796 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Emerson Electric were worth $3,146,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of EMR. Wellington Management Group LLP increased its position in shares of Emerson Electric by 6.9% during the first quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company’s stock valued at $1,675,403,000 after acquiring an additional 980,652 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Emerson Electric by 9.3% in the 1st quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company’s stock valued at $785,770,000 after purchasing an additional 611,105 shares during the last quarter. Nuveen LLC acquired a new position in Emerson Electric during the first quarter worth $737,318,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Emerson Electric by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,086,580 shares of the industrial products company’s stock worth $448,053,000 after buying an additional 223,831 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Emerson Electric by 18.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,793,436 shares of the industrial products company’s stock valued at $415,912,000 after buying an additional 579,653 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Trading Up 0.0%

EMR opened at $134.82 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The company has a market cap of $75.88 billion, a P/E ratio of 28.99, a PEG ratio of 2.34 and a beta of 1.29. The business’s 50-day simple moving average is $133.84 and its 200-day simple moving average is $124.88.

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, beating analysts’ consensus estimates of $1.51 by $0.01. The firm had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.43 earnings per share. As a group, equities research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

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

Analyst Ratings Changes

EMR has been the subject of several research reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a report on Saturday, September 27th. Daiwa Capital Markets upped their price objective on Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Wells Fargo & Company reissued an “equal weight” rating and set a $140.00 target price (down from $150.00) on shares of Emerson Electric in a research note on Monday. Finally, Bank of America lifted their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $144.29.

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.