B.O.S.S. Retirement Advisors LLC Trims Holdings in Emerson Electric Co. (NYSE:EMR)

B.O.S.S. Retirement Advisors LLC lowered its stake in Emerson Electric Co. (NYSE:EMR) by 57.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,056 shares of the industrial products company’s stock after selling 28,869 shares during the period. B.O.S.S. Retirement Advisors LLC’s holdings in Emerson Electric were worth $1,903,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC lifted its holdings in Emerson Electric by 105,280.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 54,417,593 shares of the industrial products company’s stock worth $5,227,354,000 after buying an additional 54,365,954 shares during the period. Morgan Stanley lifted its holdings in Emerson Electric by 28.4% in the fourth quarter. Morgan Stanley now owns 11,835,398 shares of the industrial products company’s stock worth $1,136,909,000 after buying an additional 2,621,089 shares during the period. Wells Fargo & Company MN raised its holdings in Emerson Electric by 0.5% in the fourth quarter. Wells Fargo & Company MN now owns 10,698,627 shares of the industrial products company’s stock worth $1,027,710,000 after purchasing an additional 50,408 shares in the last quarter. Geode Capital Management LLC raised its holdings in Emerson Electric by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 10,509,981 shares of the industrial products company’s stock worth $1,007,719,000 after purchasing an additional 229,530 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in Emerson Electric by 8.1% in the first quarter. Wellington Management Group LLP now owns 9,206,713 shares of the industrial products company’s stock worth $802,273,000 after purchasing an additional 692,247 shares in the last quarter. Institutional investors own 72.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on EMR shares. Royal Bank of Canada increased their price objective on Emerson Electric from $103.00 to $111.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Argus upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a report on Monday, August 28th. StockNews.com initiated coverage on Emerson Electric in a report on Thursday, August 17th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. raised Emerson Electric from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $83.00 to $107.00 in a report on Tuesday, August 22nd. Finally, Barclays initiated coverage on shares of Emerson Electric in a report on Monday, August 28th. They issued an “equal weight” rating and a $105.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $105.67.

Insider Activity at Emerson Electric

In related news, CMO Vidya Ramnath sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $97.86, for a total transaction of $244,650.00. Following the completion of the transaction, the chief marketing officer now directly owns 11,870 shares in the company, valued at approximately $1,161,598.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CMO Vidya Ramnath sold 2,500 shares of Emerson Electric stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $97.86, for a total transaction of $244,650.00. Following the sale, the chief marketing officer now owns 11,870 shares of the company’s stock, valued at approximately $1,161,598.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Lisa Flavin sold 48,718 shares of Emerson Electric stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $89.65, for a total value of $4,367,568.70. Following the sale, the vice president now directly owns 51,748 shares in the company, valued at approximately $4,639,208.20. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.

Emerson Electric Stock Performance

Shares of Emerson Electric stock traded up $0.26 on Friday, hitting $98.86. 7,287,061 shares of the company’s stock were exchanged, compared to its average volume of 3,196,321. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.07 and a current ratio of 2.38. The stock has a market capitalization of $56.74 billion, a PE ratio of 4.32, a PEG ratio of 2.29 and a beta of 1.39. Emerson Electric Co. has a 1 year low of $72.40 and a 1 year high of $100.62. The company has a 50-day simple moving average of $95.15 and a 200-day simple moving average of $88.02.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.20. Emerson Electric had a return on equity of 14.27% and a net margin of 80.41%. The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.89 billion. As a group, equities analysts anticipate that Emerson Electric Co. will post 4.44 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 11th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.10%. Emerson Electric’s dividend payout ratio (DPR) is presently 9.09%.

About Emerson Electric

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