Capital Advisors Inc. OK Reduces Stock Position in Emerson Electric Co. (NYSE:EMR)

Capital Advisors Inc. OK lowered its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 86,563 shares of the industrial products company’s stock after selling 188 shares during the quarter. Capital Advisors Inc. OK’s holdings in Emerson Electric were worth $9,467,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Newport Trust Company LLC purchased a new position in shares of Emerson Electric during the 2nd quarter valued at about $574,908,000. Pathway Financial Advisers LLC increased its stake in shares of Emerson Electric by 10,993.2% in the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock worth $226,443,000 after purchasing an additional 2,051,764 shares in the last quarter. Swedbank AB lifted its stake in shares of Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after buying an additional 1,424,800 shares in the last quarter. Perpetual Ltd boosted its holdings in Emerson Electric by 57,336.1% in the 3rd quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company’s stock worth $131,918,000 after buying an additional 1,204,058 shares during the period. Finally, Clean Energy Transition LLP raised its holdings in Emerson Electric by 110.7% during the first quarter. Clean Energy Transition LLP now owns 1,885,183 shares of the industrial products company’s stock valued at $213,817,000 after acquiring an additional 990,615 shares during the period. 74.30% of the stock is owned by institutional investors.

Emerson Electric Trading Up 0.2 %

NYSE EMR opened at $108.46 on Friday. The stock has a market cap of $62.12 billion, a P/E ratio of 36.40, a P/E/G ratio of 1.67 and a beta of 1.30. 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 Co. has a 12-month low of $83.10 and a 12-month high of $119.53. The company has a fifty day simple moving average of $106.66 and a two-hundred day simple moving average of $108.88.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $4.44 billion. During the same period in the prior year, the company earned $1.29 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. On average, analysts forecast that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.94%. Emerson Electric’s payout ratio is 70.47%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. Redburn Atlantic started coverage on Emerson Electric in a report on Monday, July 8th. They set a “buy” rating and a $135.00 price target for the company. Royal Bank of Canada cut their target price on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, Morgan Stanley began coverage on shares of Emerson Electric in a research note on Friday, September 6th. They set an “underweight” rating and a $105.00 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.47.

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.