Mayflower Financial Advisors LLC Sells 436 Shares of Emerson Electric Co. (NYSE:EMR)

Mayflower Financial Advisors LLC lowered its stake in shares of Emerson Electric Co. (NYSE:EMR) by 19.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,842 shares of the industrial products company’s stock after selling 436 shares during the period. Mayflower Financial Advisors LLC’s holdings in Emerson Electric were worth $203,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its holdings in Emerson Electric by 12.5% during the fourth quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock worth $1,307,680,000 after buying an additional 1,488,948 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Emerson Electric by 0.6% during the 4th quarter. Wells Fargo & Company MN now owns 10,654,285 shares of the industrial products company’s stock valued at $1,036,982,000 after purchasing an additional 62,105 shares in the last quarter. Norges Bank bought a new position in shares of Emerson Electric during the 4th quarter valued at about $764,604,000. First Trust Advisors LP lifted its holdings in shares of Emerson Electric by 219.2% during the 4th quarter. First Trust Advisors LP now owns 2,601,619 shares of the industrial products company’s stock valued at $253,216,000 after purchasing an additional 1,786,583 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Emerson Electric by 6.8% during the 1st quarter. Van ECK Associates Corp now owns 2,106,958 shares of the industrial products company’s stock valued at $238,971,000 after purchasing an additional 134,865 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Royal Bank of Canada cut their price objective on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft upgraded Emerson Electric from a “hold” rating to a “buy” rating and lifted their price objective for the company from $123.00 to $138.00 in a report on Thursday, May 9th. Redburn Atlantic started coverage on Emerson Electric in a research report on Monday, July 8th. They issued a “buy” rating and a $135.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $125.18.

Emerson Electric Stock Down 0.9 %

NYSE:EMR opened at $99.97 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $57.19 billion, a price-to-earnings ratio of 5.35, a price-to-earnings-growth ratio of 1.75 and a beta of 1.32. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53. The stock’s 50 day moving average price is $108.93 and its two-hundred day moving average price is $109.78.

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

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th will be given a $0.525 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.10%. Emerson Electric’s payout ratio is presently 11.24%.

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.