Hudson Valley Investment Advisors Inc. ADV Cuts Stake in Emerson Electric Co. (NYSE:EMR)

Hudson Valley Investment Advisors Inc. ADV lessened its holdings in Emerson Electric Co. (NYSE:EMRFree Report) by 19.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 10,707 shares of the industrial products company’s stock after selling 2,544 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Emerson Electric were worth $1,171,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of EMR. Newport Trust Company LLC acquired a new position in Emerson Electric during the 2nd quarter worth $574,908,000. Legal & General Group Plc grew its position in shares of Emerson Electric by 5.2% during the second quarter. Legal & General Group Plc now owns 4,510,496 shares of the industrial products company’s stock worth $496,877,000 after buying an additional 224,784 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Emerson Electric by 3.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,738,701 shares of the industrial products company’s stock worth $297,653,000 after buying an additional 88,294 shares during the period. Swedbank AB lifted its stake in Emerson Electric by 127.3% in the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after acquiring an additional 1,424,800 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Emerson Electric by 17.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,358,796 shares of the industrial products company’s stock worth $259,809,000 after acquiring an additional 355,106 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EMR. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Redburn Atlantic assumed coverage on Emerson Electric in a research report on Monday, July 8th. They set a “buy” rating and a $135.00 price objective for the company. Morgan Stanley started coverage on Emerson Electric in a research note on Friday, September 6th. They set an “underweight” rating and a $105.00 target price for the company. Wells Fargo & Company decreased their target price on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $125.47.

View Our Latest Stock Report on Emerson Electric

Emerson Electric Price Performance

Shares of EMR opened at $109.06 on Thursday. The firm has a market capitalization of $62.39 billion, a PE ratio of 5.84, a P/E/G ratio of 1.68 and a beta of 1.30. The stock’s 50 day moving average is $106.51 and its two-hundred day moving average is $108.90. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27.

Emerson Electric (NYSE:EMRGet Free Report) last issued its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.42 by $0.01. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The company had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same period in the previous year, the firm earned $1.29 EPS. The business’s revenue was up 11.0% on a year-over-year basis. Research analysts anticipate that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is 11.24%.

Emerson Electric Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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