Murphy Pohlad Asset Management LLC Decreases Stock Holdings in Emerson Electric Co. $EMR

Murphy Pohlad Asset Management LLC lowered its position in Emerson Electric Co. (NYSE:EMR) by 0.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,240 shares of the industrial products company’s stock after selling 300 shares during the quarter. Emerson Electric comprises approximately 2.0% of Murphy Pohlad Asset Management LLC’s portfolio, making the stock its 10th largest holding. Murphy Pohlad Asset Management LLC’s holdings in Emerson Electric were worth $4,832,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in EMR. First Horizon Advisors Inc. increased its stake in Emerson Electric by 2.7% in 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 acquiring an additional 5,504 shares during the last quarter. Davis Investment Partners LLC purchased a new stake in Emerson Electric during the second quarter valued at about $692,000. North Capital Inc. purchased a new stake in Emerson Electric during the first quarter valued at about $211,000. CORDA Investment Management LLC. purchased a new stake in Emerson Electric during the second quarter valued at about $1,173,000. Finally, Truist Financial Corp boosted its position in 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 buying an additional 18,069 shares during the period. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on EMR shares. TD Cowen upgraded shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, July 8th. Stephens upped their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. Wolfe Research cut their price target on shares of Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a research report on Wednesday, October 8th. Barclays upgraded shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $125.00 to $127.00 in a research report on Thursday, August 7th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. 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 company’s stock. According to data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and an average target price of $148.28.

Emerson Electric Stock Performance

Emerson Electric stock opened at $136.90 on Friday. 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 firm has a 50-day moving average of $132.14 and a 200-day moving average of $128.06. The firm has a market cap of $77.05 billion, a P/E ratio of 29.44, a P/E/G ratio of 2.36 and a beta of 1.29. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27.

Emerson Electric (NYSE:EMR) last released 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 net margin of 14.92% and a return on equity of 14.34%. The company had revenue of $3.16 billion during the quarter. Sell-side analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric’s dividend payout ratio is presently 45.38%.

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.