Ceredex Value Advisors LLC Has $41.65 Million Holdings in Emerson Electric Co. (NYSE:EMR)

Ceredex Value Advisors LLC lessened its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 7.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 380,797 shares of the industrial products company's stock after selling 29,805 shares during the period. Ceredex Value Advisors LLC owned about 0.07% of Emerson Electric worth $41,648,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of EMR. Chicago Partners Investment Group LLC boosted its holdings in shares of Emerson Electric by 4.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 8,446 shares of the industrial products company's stock valued at $916,000 after buying an additional 338 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Emerson Electric by 8.4% in the third quarter. Farther Finance Advisors LLC now owns 9,346 shares of the industrial products company's stock valued at $1,022,000 after acquiring an additional 727 shares during the last quarter. Weatherly Asset Management L. P. grew its position in shares of Emerson Electric by 5.5% in the 3rd quarter. Weatherly Asset Management L. P. now owns 3,439 shares of the industrial products company's stock valued at $376,000 after acquiring an additional 180 shares during the period. Roanoke Asset Management Corp NY increased its stake in shares of Emerson Electric by 4.4% during the 3rd quarter. Roanoke Asset Management Corp NY now owns 59,664 shares of the industrial products company's stock worth $6,525,000 after purchasing an additional 2,529 shares during the last quarter. Finally, Americana Partners LLC lifted its stake in Emerson Electric by 63.7% in the 3rd quarter. Americana Partners LLC now owns 4,722 shares of the industrial products company's stock valued at $516,000 after purchasing an additional 1,838 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Price Performance

EMR traded up $0.19 on Friday, hitting $108.46. 1,853,615 shares of the stock were exchanged, compared to its average volume of 2,683,223. The firm has a market capitalization of $62.12 billion, a price-to-earnings ratio of 36.40, a PEG ratio of 1.67 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53. The business has a 50-day moving average of $106.66 and a two-hundred day moving average of $108.86.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.01. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The company had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the prior year, the firm posted $1.29 EPS. The firm's quarterly revenue was up 11.0% on a year-over-year basis. Sell-side analysts forecast that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Announces Dividend

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. The ex-dividend date was Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.94%. Emerson Electric's dividend payout ratio is currently 70.47%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Oppenheimer boosted their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an "outperform" rating in a research report on Thursday, September 26th. Barclays dropped their price target on Emerson Electric from $110.00 to $103.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 8th. Stephens cut shares of Emerson Electric from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Morgan Stanley began coverage on shares of Emerson Electric in a research report on Friday, September 6th. They issued an "underweight" rating and a $105.00 price objective on the stock. Finally, JPMorgan Chase & Co. downgraded shares of Emerson Electric from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and an average 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.