KPP Advisory Services LLC Sells 284 Shares of Emerson Electric Co. $EMR

KPP Advisory Services LLC decreased its position in shares of Emerson Electric Co. (NYSE:EMR) by 3.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,378 shares of the industrial products company’s stock after selling 284 shares during the quarter. KPP Advisory Services LLC’s holdings in Emerson Electric were worth $984,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of EMR. Saudi Central Bank acquired a new stake in shares of Emerson Electric in the 1st quarter worth about $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Emerson Electric during the 1st quarter worth $27,000. Inlight Wealth Management LLC purchased a new stake in shares of Emerson Electric in the first quarter valued at about $28,000. Fourth Dimension Wealth LLC lifted its position in shares of Emerson Electric by 145.3% during the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 154 shares in the last quarter. Finally, Garde Capital Inc. bought a new stake in Emerson Electric in the 1st quarter worth about $36,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Up 1.3%

EMR opened at $134.79 on Monday. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The company has a market cap of $75.86 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average of $134.13 and a 200 day moving average of $124.73.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.51 by $0.01. The business 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 revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 EPS. On average, sell-side analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their target price on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a report on Thursday. KeyCorp upped their price objective on Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Daiwa Capital Markets increased their price target on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a research report on Saturday, September 27th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average price target of $144.88.

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.