Focus Financial Network Inc. Trims Stock Holdings in Emerson Electric Co. $EMR

Focus Financial Network Inc. trimmed its position in Emerson Electric Co. (NYSE:EMR) by 19.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,158 shares of the industrial products company’s stock after selling 746 shares during the period. Focus Financial Network Inc.’s holdings in Emerson Electric were worth $421,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in EMR. Saudi Central Bank bought a new position in shares of Emerson Electric during the first quarter valued at $25,000. Ameriflex Group Inc. purchased a new stake in Emerson Electric in the fourth quarter worth about $30,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Emerson Electric in the first quarter worth about $27,000. Inlight Wealth Management LLC purchased a new stake in Emerson Electric in the first quarter worth about $28,000. Finally, Fourth Dimension Wealth LLC boosted its stake in shares of Emerson Electric by 145.3% in the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 154 shares during the period. 74.30% of the stock is owned by institutional investors.

Emerson Electric Price Performance

NYSE:EMR opened at $132.36 on Friday. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The stock has a market cap of $74.49 billion, a PE ratio of 28.46, a P/E/G ratio of 2.51 and a beta of 1.30. The stock has a 50 day moving average price of $136.63 and a 200 day moving average price of $123.34.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.51 by $0.01. The firm had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 earnings per share. Equities research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 annualized dividend and a yield of 1.6%. Emerson Electric’s dividend payout ratio (DPR) is 45.38%.

Analyst Ratings Changes

A number of equities analysts recently commented on EMR shares. Stephens increased their price target on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. Bank of America raised their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. KeyCorp raised their price objective on Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Wells Fargo & Company increased their price target on Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Finally, Citigroup raised their price target on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $142.39.

Emerson Electric 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.