Cresset Asset Management LLC Sells 21,387 Shares of Emerson Electric Co. (NYSE:EMR)

Cresset Asset Management LLC lowered its holdings in Emerson Electric Co. (NYSE:EMRGet Rating) by 52.0% in the first quarter, HoldingsChannel.com reports. The firm owned 19,751 shares of the industrial products company’s stock after selling 21,387 shares during the quarter. Cresset Asset Management LLC’s holdings in Emerson Electric were worth $1,936,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. American National Bank boosted its holdings in Emerson Electric by 13.5% in the 1st quarter. American National Bank now owns 932 shares of the industrial products company’s stock valued at $91,000 after purchasing an additional 111 shares during the period. Goelzer Investment Management Inc. boosted its holdings in Emerson Electric by 1.9% in the 4th quarter. Goelzer Investment Management Inc. now owns 6,202 shares of the industrial products company’s stock valued at $577,000 after purchasing an additional 118 shares during the period. Eads & Heald Wealth Management boosted its holdings in Emerson Electric by 0.4% in the 1st quarter. Eads & Heald Wealth Management now owns 27,995 shares of the industrial products company’s stock valued at $2,745,000 after purchasing an additional 120 shares during the period. Synergy Asset Management LLC lifted its holdings in shares of Emerson Electric by 0.3% during the 1st quarter. Synergy Asset Management LLC now owns 39,021 shares of the industrial products company’s stock worth $3,826,000 after acquiring an additional 122 shares during the period. Finally, Choreo LLC lifted its holdings in shares of Emerson Electric by 3.4% during the 1st quarter. Choreo LLC now owns 3,706 shares of the industrial products company’s stock worth $363,000 after acquiring an additional 123 shares during the period. Institutional investors own 72.75% of the company’s stock.

Emerson Electric Trading Up 1.2 %

Shares of NYSE EMR opened at $84.71 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.80 and a current ratio of 1.06. Emerson Electric Co. has a 52-week low of $76.16 and a 52-week high of $101.48. The firm has a 50 day moving average price of $84.72 and a two-hundred day moving average price of $88.13. The stock has a market cap of $50.09 billion, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 1.97 and a beta of 1.42.

Emerson Electric (NYSE:EMRGet Rating) last announced its quarterly earnings results on Tuesday, August 9th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.09. Emerson Electric had a net margin of 16.45% and a return on equity of 25.06%. The firm had revenue of $5 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the prior year, the company posted $1.09 EPS. The company’s revenue was up 6.5% on a year-over-year basis. As a group, equities analysts forecast that Emerson Electric Co. will post 5.11 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend was Thursday, August 11th. Emerson Electric’s dividend payout ratio (DPR) is presently 39.02%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EMR. JPMorgan Chase & Co. began coverage on shares of Emerson Electric in a report on Thursday, July 7th. They set a “neutral” rating and a $80.00 price target for the company. Credit Suisse Group cut their price target on shares of Emerson Electric from $107.00 to $106.00 and set an “outperform” rating for the company in a report on Wednesday, August 10th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Emerson Electric from $97.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, August 10th. Argus upped their price target on shares of Emerson Electric from $95.00 to $98.00 and gave the stock a “buy” rating in a report on Tuesday, August 16th. Finally, Barclays dropped their price objective on shares of Emerson Electric from $87.00 to $80.00 and set an “equal weight” rating for the company in a research note on Friday, July 8th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $98.77.

Emerson Electric Profile

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Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and residential markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, and Commercial & Residential Solutions segments.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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