Sound View Wealth Advisors Group LLC Sells 913 Shares of Emerson Electric Co. $EMR

Sound View Wealth Advisors Group LLC decreased its holdings in Emerson Electric Co. (NYSE:EMR) by 2.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,901 shares of the industrial products company’s stock after selling 913 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in Emerson Electric were worth $5,320,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in EMR. Impact Capital Partners LLC lifted its position in shares of Emerson Electric by 3.9% in the 2nd quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 71 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its stake in Emerson Electric by 1.7% in the second quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,338 shares of the industrial products company’s stock worth $578,000 after buying an additional 71 shares in the last quarter. Jag Capital Management LLC lifted its holdings in Emerson Electric by 1.9% in the second quarter. Jag Capital Management LLC now owns 3,954 shares of the industrial products company’s stock worth $527,000 after buying an additional 72 shares during the period. Beacon Financial Advisory LLC boosted its position in Emerson Electric by 2.9% during the 2nd quarter. Beacon Financial Advisory LLC now owns 2,769 shares of the industrial products company’s stock valued at $369,000 after acquiring an additional 77 shares in the last quarter. Finally, Petros Family Wealth LLC grew its holdings in shares of Emerson Electric by 0.9% during the 2nd quarter. Petros Family Wealth LLC now owns 9,319 shares of the industrial products company’s stock worth $1,243,000 after acquiring an additional 80 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Down 1.7%

Shares of NYSE EMR opened at $129.27 on Friday. The firm’s 50 day moving average price is $132.37 and its 200-day moving average price is $129.77. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. 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 company has a market cap of $72.75 billion, a PE ratio of 27.80, a P/E/G ratio of 2.36 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 earnings per share 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. On average, equities research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric declared that its Board of Directors has authorized a share buyback program on Wednesday, November 5th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be given a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 1.7%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 14th. Emerson Electric’s payout ratio is 54.95%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on EMR shares. Wells Fargo & Company restated an “equal weight” rating and issued a $140.00 target price (down previously from $150.00) on shares of Emerson Electric in a research note on Monday, October 6th. Stephens increased their price objective on Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Citigroup upped 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. Finally, Royal Bank Of Canada lowered their price target on shares of Emerson Electric from $155.00 to $153.00 and set an “outperform” rating for the company in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $148.61.

About Emerson Electric

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.