Cerity Partners LLC Has $98.85 Million Position in Emerson Electric Co. $EMR

Cerity Partners LLC trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 753,558 shares of the industrial products company’s stock after selling 17,990 shares during the quarter. Cerity Partners LLC owned approximately 0.13% of Emerson Electric worth $98,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in shares of Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock worth $1,412,000 after purchasing an additional 4,850 shares during the period. AQR Capital Management LLC raised its stake in Emerson Electric by 35.4% during the first quarter. AQR Capital Management LLC now owns 73,550 shares of the industrial products company’s stock worth $7,928,000 after buying an additional 19,234 shares during the last quarter. UniSuper Management Pty Ltd lifted its holdings in Emerson Electric by 6.9% in the first quarter. UniSuper Management Pty Ltd now owns 42,927 shares of the industrial products company’s stock valued at $4,707,000 after buying an additional 2,763 shares during the period. Teza Capital Management LLC bought a new stake in Emerson Electric during the first quarter valued at $273,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Emerson Electric during the 1st quarter worth about $232,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $133.00, for a total value of $965,979.00. Following the transaction, the chief executive officer owned 196,292 shares in the company, valued at $26,106,836. This trade represents a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is owned by corporate insiders.

Emerson Electric Price Performance

Shares of EMR opened at $145.55 on Wednesday. The business’s fifty day moving average is $133.74 and its 200 day moving average is $134.50. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The company has a quick ratio of 0.65, a current ratio of 0.88 and a debt-to-equity ratio of 0.41. The stock has a market cap of $81.84 billion, a P/E ratio of 36.03, a P/E/G ratio of 2.33 and a beta of 1.26.

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

Emerson Electric declared that its board has initiated a share buyback 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 repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were issued a dividend of $0.555 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $2.22 dividend on an annualized basis and a yield of 1.5%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is presently 54.95%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. UBS Group upgraded Emerson Electric from a “neutral” rating to a “buy” rating and upped their target price for the company from $131.00 to $168.00 in a research report on Monday. Daiwa Capital Markets increased their price target on Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Emerson Electric in a research note on Wednesday, October 8th. Finally, Wolfe Research raised their price target on shares of Emerson Electric from $165.00 to $168.00 and gave the stock an “outperform” rating in a report on Friday, November 21st. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average price target of $150.18.

Emerson Electric Company Profile

Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson’s offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.

Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.