Tweedy Browne Co LLC Has $1.51 Million Position in Emerson Electric Co. (NYSE:EMR)

Tweedy Browne Co LLC reduced its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 7.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,326 shares of the industrial products company’s stock after selling 1,104 shares during the period. Tweedy Browne Co LLC’s holdings in Emerson Electric were worth $1,511,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in EMR. Harbour Investments Inc. boosted its position in Emerson Electric by 19.0% in the third quarter. Harbour Investments Inc. now owns 5,234 shares of the industrial products company’s stock valued at $505,000 after buying an additional 835 shares in the last quarter. Creative Planning boosted its position in Emerson Electric by 5.1% in the third quarter. Creative Planning now owns 172,159 shares of the industrial products company’s stock valued at $16,625,000 after buying an additional 8,378 shares in the last quarter. Polar Capital Holdings Plc boosted its position in Emerson Electric by 39.3% in the third quarter. Polar Capital Holdings Plc now owns 72,491 shares of the industrial products company’s stock valued at $7,000,000 after buying an additional 20,464 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in Emerson Electric by 7.2% in the third quarter. B. Riley Wealth Advisors Inc. now owns 37,845 shares of the industrial products company’s stock valued at $3,655,000 after buying an additional 2,552 shares in the last quarter. Finally, VisionPoint Advisory Group LLC boosted its position in Emerson Electric by 13,571.4% in the third quarter. VisionPoint Advisory Group LLC now owns 12,441 shares of the industrial products company’s stock valued at $1,201,000 after buying an additional 12,350 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Trading Up 0.5 %

EMR traded up $0.61 during mid-day trading on Friday, hitting $114.76. The stock had a trading volume of 826,723 shares, compared to its average volume of 2,629,852. The stock’s fifty day simple moving average is $110.27 and its 200-day simple moving average is $106.55. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. The firm has a market capitalization of $65.65 billion, a price-to-earnings ratio of 6.11, a price-to-earnings-growth ratio of 1.90 and a beta of 1.32. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $116.76.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.11. The company had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.29 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period last year, the business posted $1.09 earnings per share. As a group, research analysts forecast that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were issued a $0.525 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.10 annualized dividend and a yield of 1.83%. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on EMR shares. Barclays boosted their price target on shares of Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. Robert W. Baird dropped their target price on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th. Deutsche Bank Aktiengesellschaft raised shares of Emerson Electric from a “hold” rating to a “buy” rating and boosted their target price for the stock from $123.00 to $138.00 in a research note on Thursday, May 9th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. Finally, UBS Group boosted their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.44.

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.