Brinker Capital Investments LLC Has $1.19 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Brinker Capital Investments LLC cut its stake in shares of Emerson Electric Co. (NYSE:EMRGet Rating) by 8.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,243 shares of the industrial products company’s stock after selling 1,499 shares during the period. Brinker Capital Investments LLC’s holdings in Emerson Electric were worth $1,189,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Western Pacific Wealth Management LP purchased a new position in shares of Emerson Electric during the third quarter valued at $26,000. Evoke Wealth LLC grew its holdings in shares of Emerson Electric by 740.4% during the second quarter. Evoke Wealth LLC now owns 395 shares of the industrial products company’s stock valued at $31,000 after buying an additional 348 shares in the last quarter. Certified Advisory Corp purchased a new position in Emerson Electric in the first quarter valued at about $34,000. SJS Investment Consulting Inc. purchased a new position in Emerson Electric in the third quarter valued at about $42,000. Finally, ACG Wealth purchased a new position in Emerson Electric in the second quarter valued at about $48,000. 71.64% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Price Performance

EMR stock opened at $87.35 on Friday. The stock has a 50-day moving average price of $95.29 and a two-hundred day moving average price of $87.52. The stock has a market cap of $51.66 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 2.85 and a beta of 1.41. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.51. Emerson Electric Co. has a 1 year low of $72.40 and a 1 year high of $100.00.

Emerson Electric (NYSE:EMRGet Rating) last issued its quarterly earnings data on Monday, October 31st. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.14. The firm had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.33 billion. Emerson Electric had a net margin of 16.46% and a return on equity of 23.43%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the business posted $1.21 earnings per share. Equities analysts forecast that Emerson Electric Co. will post 4.08 EPS for the current fiscal year.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Friday, November 11th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, November 9th. This represents a $2.08 dividend on an annualized basis and a yield of 2.38%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.52. Emerson Electric’s dividend payout ratio is currently 38.45%.

Insider Activity

In other news, VP Sara Yang Bosco sold 10,977 shares of the company’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $91.13, for a total transaction of $1,000,334.01. Following the completion of the sale, the vice president now directly owns 118,205 shares in the company, valued at approximately $10,772,021.65. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Frank J. Dellaquila sold 4,617 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $91.40, for a total transaction of $421,993.80. Following the completion of the sale, the chief financial officer now directly owns 354,858 shares in the company, valued at approximately $32,434,021.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Sara Yang Bosco sold 10,977 shares of the company’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $91.13, for a total value of $1,000,334.01. Following the sale, the vice president now owns 118,205 shares of the company’s stock, valued at $10,772,021.65. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EMR. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research report on Saturday, November 19th. Deutsche Bank Aktiengesellschaft cut Emerson Electric from a “buy” rating to a “hold” rating and cut their price target for the company from $97.00 to $96.00 in a report on Tuesday, November 1st. Oppenheimer upped their price target on Emerson Electric from $105.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, November 16th. Mizuho upped their price objective on Emerson Electric from $86.00 to $103.00 and gave the company a “neutral” rating in a research note on Wednesday, November 30th. Finally, Wells Fargo & Company upped their price objective on Emerson Electric from $90.00 to $95.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 30th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $98.77.

Emerson Electric Profile

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Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, AspenTech, and Commercial & Residential Solutions segments.

Further Reading

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

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