Ferguson Wellman Capital Management Inc. Decreases Stake in Emerson Electric Co. (NYSE:EMR)

Ferguson Wellman Capital Management Inc. reduced its stake in Emerson Electric Co. (NYSE:EMR) by 8.5% in Q3, now holding 304,308 shares valued at approximately $28,282,000. Other hedge funds have also adjusted their positions, with significant increases from Banque Cantonale Vaudoise and Wedmont Private Capital. Emerson Electric's recent earnings report showed an EPS of $0.43, exceeding estimates, and the company declared a quarterly dividend of $0.525. Analysts have varied ratings on the stock, with price targets being adjusted recently.

Ferguson Wellman Capital Management Inc. cut its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 8.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 304,308 shares of the industrial products company's stock after selling 28,395 shares during the period. Ferguson Wellman Capital Management Inc. owned approximately 0.05% of Emerson Electric worth $33,282,000 at the end of the most recent reporting period.

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A number of other hedge funds have also bought and sold shares of EMR. Banque Cantonale Vaudoise boosted its holdings in Emerson Electric by 20.5% in the first quarter. Banque Cantonale Vaudoise now owns 14,609 shares of the industrial products company's stock worth $1,657,000 after purchasing an additional 2,481 shares during the last quarter. Wedmont Private Capital boosted its stake in shares of Emerson Electric by 6.5% in the 1st quarter. Wedmont Private Capital now owns 4,357 shares of the industrial products company's stock worth $498,000 after buying an additional 266 shares during the last quarter. RFG Advisory LLC increased its position in Emerson Electric by 8.4% during the first quarter. RFG Advisory LLC now owns 9,573 shares of the industrial products company's stock valued at $1,086,000 after acquiring an additional 742 shares during the last quarter. Douglas Lane & Associates LLC lifted its holdings in Emerson Electric by 5.1% in the first quarter. Douglas Lane & Associates LLC now owns 8,179 shares of the industrial products company's stock valued at $928,000 after acquiring an additional 398 shares during the period. Finally, International Assets Investment Management LLC boosted its position in Emerson Electric by 4.9% in the first quarter. International Assets Investment Management LLC now owns 3,175 shares of the industrial products company's stock worth $360,000 after purchasing an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Trading Down 0.0 %

EMR traded down $0.01 on Friday, reaching $110.44. 2,124,052 shares of the company traded hands, compared to its average volume of 2,706,382. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The company has a market cap of $63.18 billion, a P/E ratio of 5.91, a price-to-earnings-growth ratio of 1.70 and a beta of 1.30. The firm has a fifty day simple moving average of $105.66 and a two-hundred day simple moving average of $109.20. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53.

American Superconductor's Earnings Surge, Future Growth Expected

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The company had revenue of $4.38 billion for the quarter, compared to analysts' expectations of $4.44 billion. During the same quarter in the prior year, the firm earned $1.29 earnings per share. Emerson Electric's revenue was up 11.0% compared to the same quarter last year. As a group, equities research analysts expect that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were issued a $0.525 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.90%. Emerson Electric's dividend payout ratio is currently 11.24%.

Analyst Ratings Changes

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EMR has been the topic of several recent research reports. Wells Fargo & Company lowered their price objective on shares of Emerson Electric from $137.00 to $128.00 and set an "overweight" rating on the stock in a research note on Thursday, August 8th. Robert W. Baird boosted their price target on Emerson Electric from $116.00 to $117.00 and gave the stock a "neutral" rating in a report on Thursday, August 8th. StockNews.com cut Emerson Electric from a "buy" rating to a "hold" rating in a report on Thursday, July 25th. Redburn Atlantic started coverage on Emerson Electric in a report on Monday, July 8th. They set a "buy" rating and a $135.00 price objective on the stock. Finally, Barclays reduced their price target on shares of Emerson Electric from $110.00 to $103.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $125.47.

View Our Latest Report on Emerson Electric

About Emerson Electric

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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.

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