Plancorp LLC Sells 2,287 Shares of Emerson Electric Co. (NYSE:EMR)

Plancorp LLC lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.6% in the second quarter, HoldingsChannel.com reports. The firm owned 354,294 shares of the industrial products company’s stock after selling 2,287 shares during the quarter. Emerson Electric comprises approximately 1.7% of Plancorp LLC’s holdings, making the stock its 13th largest holding. Plancorp LLC’s holdings in Emerson Electric were worth $39,029,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the company. American National Bank & Trust Co. VA purchased a new position in Emerson Electric during the 1st quarter valued at about $1,011,000. Exencial Wealth Advisors LLC grew its stake in shares of Emerson Electric by 17.6% in the 4th quarter. Exencial Wealth Advisors LLC now owns 49,112 shares of the industrial products company’s stock worth $4,780,000 after buying an additional 7,358 shares during the last quarter. SG Americas Securities LLC raised its stake in Emerson Electric by 183.6% during the first quarter. SG Americas Securities LLC now owns 81,875 shares of the industrial products company’s stock valued at $9,286,000 after buying an additional 53,003 shares during the last quarter. Lloyd Advisory Services LLC. bought a new stake in Emerson Electric in the first quarter worth $1,047,000. Finally, Farther Finance Advisors LLC grew its stake in shares of Emerson Electric by 55.0% in the second quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock worth $931,000 after acquiring an additional 3,060 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

EMR opened at $102.30 on Tuesday. The firm has a market cap of $58.53 billion, a P/E ratio of 5.47, a PEG ratio of 1.66 and a beta of 1.30. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53. The company has a 50 day simple moving average of $107.66 and a two-hundred day simple moving average of $109.57. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The business had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the prior year, the business posted $1.29 EPS. Emerson Electric’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities analysts forecast that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is currently 11.24%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on EMR shares. Wells Fargo & Company dropped their price target on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Redburn Atlantic assumed coverage on shares of Emerson Electric in a report on Monday, July 8th. They issued a “buy” rating and a $135.00 price objective for the company. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. Finally, Barclays reduced their price target on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $124.29.

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.