Federated Hermes Inc. Sells 25,499 Shares of Emerson Electric Co. $EMR

Federated Hermes Inc. decreased its position in Emerson Electric Co. (NYSE:EMR) by 14.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 147,622 shares of the industrial products company’s stock after selling 25,499 shares during the period. Federated Hermes Inc.’s holdings in Emerson Electric were worth $19,682,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Emerson Electric by 74.1% during the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after acquiring an additional 4,850 shares during the last quarter. Townsquare Capital LLC raised its position in Emerson Electric by 54.3% during the 1st quarter. Townsquare Capital LLC now owns 24,666 shares of the industrial products company’s stock valued at $2,704,000 after purchasing an additional 8,676 shares during the last quarter. AIA Group Ltd lifted its holdings in Emerson Electric by 120.6% in the 1st quarter. AIA Group Ltd now owns 5,451 shares of the industrial products company’s stock worth $598,000 after buying an additional 2,980 shares during the period. Public Sector Pension Investment Board grew its position in shares of Emerson Electric by 6.9% in the 1st quarter. Public Sector Pension Investment Board now owns 76,002 shares of the industrial products company’s stock worth $8,333,000 after buying an additional 4,874 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Emerson Electric by 1.6% during the first quarter. HighTower Advisors LLC now owns 716,343 shares of the industrial products company’s stock valued at $78,540,000 after buying an additional 11,097 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EMR has been the topic of several recent analyst reports. Royal Bank Of Canada cut their price target on shares of Emerson Electric from $155.00 to $153.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Jefferies Financial Group cut their target price on shares of Emerson Electric from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, November 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Emerson Electric in a research note on Wednesday, October 8th. Daiwa Capital Markets lifted their price objective on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Finally, JPMorgan Chase & Co. decreased their target price on Emerson Electric from $151.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $147.67.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $135.33 on Wednesday. The company has a 50 day simple moving average of $131.92 and a two-hundred day simple moving average of $132.79. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The company has a market capitalization of $76.10 billion, a price-to-earnings ratio of 33.50, a P/E/G ratio of 2.22 and a beta of 1.26. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.65 and a current ratio of 0.88.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. The company had revenue of $3.16 billion for the quarter. Emerson Electric had a return on equity of 15.87% and a net margin of 12.73%. Analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be given a $0.555 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.22 annualized dividend and a dividend yield of 1.6%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is presently 54.95%.

Emerson Electric announced that its board has approved a share buyback plan on Wednesday, November 5th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $133.00, for a total transaction of $965,979.00. Following the sale, the chief executive officer directly owned 196,292 shares of the company’s stock, valued at approximately $26,106,836. This represents a 3.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.50% of the company’s stock.

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.