Telemus Capital LLC Sells 268 Shares of Emerson Electric Co. (EMR)

Telemus Capital LLC decreased its position in shares of Emerson Electric Co. (NYSE:EMR) by 4.6% during the first quarter, Holdings Channel reports. The institutional investor owned 5,500 shares of the industrial products company’s stock after selling 268 shares during the period. Telemus Capital LLC’s holdings in Emerson Electric were worth $377,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Middleton & Co Inc MA bought a new position in Emerson Electric during the first quarter valued at approximately $214,000. Harvey Investment Co. LLC bought a new position in Emerson Electric during the first quarter valued at approximately $368,000. Headinvest LLC lifted its position in Emerson Electric by 97.0% during the fourth quarter. Headinvest LLC now owns 155,257 shares of the industrial products company’s stock valued at $9,277,000 after purchasing an additional 76,427 shares during the period. Piedmont Investment Advisors Inc. lifted its position in Emerson Electric by 7.0% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 43,515 shares of the industrial products company’s stock valued at $2,600,000 after purchasing an additional 2,854 shares during the period. Finally, Pioneer Trust Bank N A OR lifted its position in Emerson Electric by 5.3% during the first quarter. Pioneer Trust Bank N A OR now owns 7,579 shares of the industrial products company’s stock valued at $519,000 after purchasing an additional 379 shares during the period. Hedge funds and other institutional investors own 73.06% of the company’s stock.

A number of brokerages recently weighed in on EMR. Cowen restated a “buy” rating and set a $81.00 price objective on shares of Emerson Electric in a research report on Wednesday, January 30th. Zacks Investment Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research report on Tuesday, April 2nd. Morgan Stanley set a $77.00 price objective on shares of Emerson Electric and gave the company a “buy” rating in a research report on Friday, February 8th. Credit Suisse Group increased their price target on shares of Emerson Electric from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 6th. Finally, Citigroup upgraded shares of Emerson Electric from a “neutral” rating to a “buy” rating and increased their price target for the stock from $67.00 to $81.00 in a research report on Monday, April 8th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $76.41.

EMR opened at $65.15 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.76 and a current ratio of 1.07. Emerson Electric Co. has a 1-year low of $55.38 and a 1-year high of $79.70. The company has a market capitalization of $39.73 billion, a price-to-earnings ratio of 19.28, a price-to-earnings-growth ratio of 2.06 and a beta of 1.23.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $0.84 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.84. Emerson Electric had a net margin of 12.81% and a return on equity of 24.63%. The business had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same period last year, the firm earned $0.76 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. On average, equities analysts anticipate that Emerson Electric Co. will post 3.66 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be given a dividend of $0.49 per share. The ex-dividend date is Thursday, May 16th. This represents a $1.96 annualized dividend and a dividend yield of 3.01%. Emerson Electric’s payout ratio is 57.99%.

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About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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

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