Symphony Financial Ltd. Co. Sells 1,069 Shares of Emerson Electric Co. (NYSE:EMR)

Symphony Financial Ltd. Co. decreased its position in Emerson Electric Co. (NYSE:EMR) by 10.8% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 8,802 shares of the industrial products company’s stock after selling 1,069 shares during the period. Symphony Financial Ltd. Co.’s holdings in Emerson Electric were worth $785,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Resurgent Financial Advisors LLC acquired a new position in shares of Emerson Electric during the 4th quarter worth approximately $32,000. Certified Advisory Corp acquired a new position in shares of Emerson Electric during the 1st quarter worth approximately $34,000. OLD Mission Capital LLC acquired a new position in shares of Emerson Electric during the 4th quarter worth approximately $35,000. Kepos Capital LP acquired a new position in shares of Emerson Electric during the 4th quarter worth approximately $37,000. Finally, Osterweis Capital Management Inc. acquired a new position in shares of Emerson Electric during the 4th quarter worth approximately $44,000. Institutional investors own 72.02% of the company’s stock.

Emerson Electric Trading Down 0.6 %

Emerson Electric stock traded down $0.60 during trading hours on Tuesday, hitting $99.01. The stock had a trading volume of 527,324 shares, compared to its average volume of 3,175,391. The stock has a market cap of $56.82 billion, a price-to-earnings ratio of 4.36, a P/E/G ratio of 2.32 and a beta of 1.39. The business’s 50 day simple moving average is $95.35 and its 200-day simple moving average is $88.21. The company has a quick ratio of 2.07, a current ratio of 2.38 and a debt-to-equity ratio of 0.29. Emerson Electric Co. has a one year low of $72.40 and a one year high of $100.62.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.20. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.89 billion. Emerson Electric had a return on equity of 14.27% and a net margin of 80.41%. On average, equities analysts predict that Emerson Electric Co. will post 4.44 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 11th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Thursday, August 10th. Emerson Electric’s dividend payout ratio is currently 9.09%.

Insiders Place Their Bets

In other news, CMO Vidya Ramnath sold 2,500 shares of Emerson Electric stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $97.86, for a total value 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 $1,161,598.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CMO Vidya Ramnath sold 2,500 shares of the business’s stock in a transaction dated 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 $1,161,598.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Lisa Flavin sold 48,718 shares of the business’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $89.65, for a total value of $4,367,568.70. Following the transaction, the vice president now owns 51,748 shares of the company’s stock, valued at $4,639,208.20. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on EMR shares. Morgan Stanley boosted their target price on Emerson Electric from $107.00 to $116.00 and gave the stock an “overweight” rating in a report on Thursday, August 3rd. Stephens reissued an “overweight” rating and set a $120.00 target price on shares of Emerson Electric in a report on Monday, August 7th. Mizuho upped their price objective on Emerson Electric from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Thursday, August 3rd. Vertical Research upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Friday. Finally, JPMorgan Chase & Co. upgraded Emerson Electric from a “neutral” rating to an “overweight” rating and upped their target price for the company from $83.00 to $107.00 in a research report on Tuesday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $105.67.

Emerson Electric Company Profile

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.