Regal Investment Advisors LLC Sells 6,851 Shares of Emerson Electric Co. (NYSE:EMR)

Regal Investment Advisors LLC reduced its position in Emerson Electric Co. (NYSE:EMR) by 7.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,395 shares of the industrial products company’s stock after selling 6,851 shares during the quarter. Regal Investment Advisors LLC’s holdings in Emerson Electric were worth $9,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Security National Bank bought a new position in shares of Emerson Electric during the fourth quarter worth $29,000. Transcendent Capital Group LLC bought a new position in shares of Emerson Electric during the first quarter worth $31,000. Meeder Asset Management Inc. boosted its position in shares of Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 235 shares during the last quarter. Tributary Capital Management LLC bought a new position in shares of Emerson Electric during the first quarter worth $35,000. Finally, Rise Advisors LLC bought a new position in shares of Emerson Electric during the first quarter worth $36,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Trading Up 0.3 %

EMR stock opened at $109.22 on Monday. The company has a market capitalization of $62.48 billion, a PE ratio of 5.84, a P/E/G ratio of 1.74 and a beta of 1.30. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53. The firm’s 50-day moving average is $105.99 and its 200 day moving average is $109.32. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.42 by $0.01. The company had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.29 EPS. On average, research analysts anticipate that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.92%. The ex-dividend date was Friday, August 16th. Emerson Electric’s payout ratio is 11.24%.

Analyst Ratings Changes

EMR has been the topic of a number of recent research reports. Morgan Stanley initiated coverage on shares of Emerson Electric in a research note on Friday, September 6th. They set an “underweight” rating and a $105.00 price target on the stock. Royal Bank of Canada decreased their price target on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Redburn Atlantic initiated coverage on shares of Emerson Electric in a research note on Monday, July 8th. They set a “buy” rating and a $135.00 price target on the stock. Oppenheimer upped their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.59.

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.