FDx Advisors Inc. Trims Stock Position in Emerson Electric Co. (NYSE:EMR)

FDx Advisors Inc. cut its position in shares of Emerson Electric Co. (NYSE:EMR) by 78.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,293 shares of the industrial products company’s stock after selling 8,139 shares during the period. FDx Advisors Inc.’s holdings in Emerson Electric were worth $260,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Catalina Capital Group LLC acquired a new position in Emerson Electric during the 1st quarter worth approximately $419,000. Mediolanum International Funds Ltd purchased a new position in Emerson Electric during the 1st quarter worth $398,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in Emerson Electric by 89.7% during the 1st quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,939 shares of the industrial products company’s stock worth $560,000 after buying an additional 2,335 shares during the last quarter. Wellington Shields Capital Management LLC grew its stake in shares of Emerson Electric by 3.2% during the 1st quarter. Wellington Shields Capital Management LLC now owns 6,885 shares of the industrial products company’s stock worth $781,000 after purchasing an additional 215 shares during the period. Finally, Wellington Shields & Co. LLC grew its stake in shares of Emerson Electric by 27.0% during the 1st quarter. Wellington Shields & Co. LLC now owns 3,951 shares of the industrial products company’s stock worth $448,000 after purchasing an additional 840 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Up 2.4 %

EMR opened at $114.15 on Friday. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The business has a 50 day moving average of $110.27 and a 200-day moving average of $106.55. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $116.76. The stock has a market capitalization of $65.31 billion, a price-to-earnings ratio of 6.11, a P/E/G ratio of 1.90 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.11. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The company had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period last year, the company posted $1.09 earnings per share. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s dividend payout ratio is 11.24%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on EMR shares. Deutsche Bank Aktiengesellschaft raised shares of Emerson Electric from a “hold” rating to a “buy” rating and increased their price objective for the company from $123.00 to $138.00 in a research note on Thursday, May 9th. Wells Fargo & Company raised their price target on shares of Emerson Electric from $133.00 to $137.00 and gave the company an “overweight” rating in a report on Wednesday, June 26th. Mizuho raised their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Redburn Atlantic began coverage on shares of Emerson Electric in a report on Monday. They issued a “buy” rating and a $135.00 price target on the stock. Finally, Barclays raised their price target on shares of Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.44.

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.