Advisors Asset Management Inc. Sells 11,591 Shares of Emerson Electric Co. $EMR

Advisors Asset Management Inc. decreased its position in shares of Emerson Electric Co. (NYSE:EMR) by 13.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,278 shares of the industrial products company’s stock after selling 11,591 shares during the period. Advisors Asset Management Inc.’s holdings in Emerson Electric were worth $9,637,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in EMR. Laurel Wealth Advisors LLC raised its stake in Emerson Electric by 13,233.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 303,193 shares of the industrial products company’s stock worth $40,425,000 after acquiring an additional 300,919 shares during the last quarter. RiverFront Investment Group LLC raised its stake in shares of Emerson Electric by 9.7% in the second quarter. RiverFront Investment Group LLC now owns 31,965 shares of the industrial products company’s stock worth $4,262,000 after purchasing an additional 2,827 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Emerson Electric during the second quarter worth about $2,172,000. Steward Partners Investment Advisory LLC boosted its position in Emerson Electric by 0.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 88,465 shares of the industrial products company’s stock valued at $11,795,000 after buying an additional 631 shares during the last quarter. Finally, Quadcap Wealth Management LLC increased its holdings in Emerson Electric by 31.5% in the 2nd quarter. Quadcap Wealth Management LLC now owns 10,750 shares of the industrial products company’s stock worth $1,433,000 after buying an additional 2,577 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EMR shares. JPMorgan Chase & Co. lowered their price target on shares of Emerson Electric from $151.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Wells Fargo & Company restated an “equal weight” rating and set a $140.00 price target (down previously from $150.00) on shares of Emerson Electric in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Finally, Royal Bank Of Canada lowered their price target on Emerson Electric from $155.00 to $153.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus price target of $148.13.

Emerson Electric Stock Up 1.8%

Shares of NYSE:EMR opened at $130.92 on Wednesday. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The firm’s 50 day moving average price is $131.31 and its 200 day moving average price is $131.74. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The stock has a market cap of $73.55 billion, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 2.36 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. The company had revenue of $3.16 billion for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. As a group, equities research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be issued a dividend of $0.555 per share. The ex-dividend date of this dividend is Friday, November 14th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.22 dividend on an annualized basis and a yield of 1.7%. Emerson Electric’s dividend payout ratio is 54.95%.

Emerson Electric declared that its board has initiated a share repurchase program on Wednesday, November 5th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the industrial products company to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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.