Emerson Electric Co. (NYSE:EMR) Shares Sold by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 8.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 304,308 shares of the industrial products company's stock after selling 28,395 shares during the quarter. Ferguson Wellman Capital Management Inc. owned about 0.05% of Emerson Electric worth $33,282,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Transcendent Capital Group LLC purchased a new stake in shares of Emerson Electric in the 1st quarter valued at $31,000. Meeder Asset Management Inc. increased its holdings in shares of Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company's stock worth $33,000 after buying an additional 235 shares during the period. Tributary Capital Management LLC bought a new stake in shares of Emerson Electric in the 1st quarter valued at about $35,000. Versant Capital Management Inc grew its position in Emerson Electric by 471.9% during the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company's stock worth $36,000 after acquiring an additional 269 shares during the last quarter. Finally, Thompson Investment Management Inc. increased its stake in Emerson Electric by 2,650.0% in the 1st quarter. Thompson Investment Management Inc. now owns 385 shares of the industrial products company's stock worth $44,000 after purchasing an additional 371 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Trading Down 0.0 %

EMR traded down $0.01 during trading hours on Friday, reaching $110.44. 2,124,052 shares of the company's stock traded hands, compared to its average volume of 2,706,382. The firm has a market capitalization of $63.18 billion, a PE ratio of 5.91, a PEG ratio of 1.70 and a beta of 1.30. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $119.53. 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 firm has a 50-day moving average price of $105.66 and a 200 day moving average price of $109.20.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the previous year, the company posted $1.29 earnings per share. Emerson Electric's revenue for the quarter was up 11.0% on a year-over-year basis. As a group, sell-side analysts predict that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. downgraded Emerson Electric from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. Redburn Atlantic initiated coverage on shares of Emerson Electric in a report on Monday, July 8th. They issued a "buy" rating and a $135.00 price objective on the stock. StockNews.com lowered shares of Emerson Electric from a "buy" rating to a "hold" rating in a report on Thursday, July 25th. Oppenheimer upped their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an "outperform" rating in a research note on Thursday, September 26th. Finally, Royal Bank of Canada lowered their price objective on Emerson Electric from $140.00 to $139.00 and set an "outperform" rating for the company in a research note 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $125.47.

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.