Tufton Capital Management Trims Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Tufton Capital Management reduced its stake in Emerson Electric Co. (NYSE:EMR) by 0.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,038 shares of the industrial products company’s stock after selling 490 shares during the quarter. Emerson Electric comprises approximately 1.6% of Tufton Capital Management’s portfolio, making the stock its 27th biggest holding. Tufton Capital Management’s holdings in Emerson Electric were worth $7,608,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of EMR. Glassman Wealth Services increased its stake in Emerson Electric by 240.7% in the first quarter. Glassman Wealth Services now owns 402 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 284 shares during the last quarter. Larson Financial Group LLC increased its stake in Emerson Electric by 80.3% in the second quarter. Larson Financial Group LLC now owns 440 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 196 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Emerson Electric in the first quarter valued at $34,000. Westside Investment Management Inc. acquired a new position in Emerson Electric in the second quarter valued at $34,000. Finally, Legacy Advisors LLC acquired a new position in Emerson Electric in the first quarter valued at $41,000. Institutional investors and hedge funds own 70.17% of the company’s stock.

Several equities analysts recently commented on the company. Citigroup dropped their target price on Emerson Electric from $79.00 to $77.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Zacks Investment Research lowered Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 target price for the company. in a research note on Tuesday, July 23rd. Credit Suisse Group dropped their target price on Emerson Electric from $80.00 to $74.00 and set an “outperform” rating for the company in a research note on Wednesday, June 5th. Finally, Deutsche Bank dropped their target price on Emerson Electric from $74.00 to $73.00 and set a “buy” rating for the company in a research note on Monday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. Emerson Electric presently has a consensus rating of “Hold” and an average target price of $74.81.

In other news, insider Michael H. Train sold 12,278 shares of the stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $63.80, for a total value of $783,336.40. Following the completion of the sale, the insider now owns 129,298 shares in the company, valued at $8,249,212.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Bell Katherine Button sold 4,470 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $65.00, for a total value of $290,550.00. Following the completion of the sale, the vice president now owns 18,040 shares of the company’s stock, valued at approximately $1,172,600. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,333 shares of company stock valued at $2,583,230. Insiders own 0.07% of the company’s stock.

Shares of EMR stock traded down $1.84 during trading hours on Wednesday, reaching $58.98. The company had a trading volume of 241,623 shares, compared to its average volume of 2,764,012. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.44. Emerson Electric Co. has a twelve month low of $55.38 and a twelve month high of $79.70. The stock has a market capitalization of $36.32 billion, a P/E ratio of 17.45, a P/E/G ratio of 2.00 and a beta of 1.32. The company’s fifty day simple moving average is $65.17.

Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, August 6th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.94. Emerson Electric had a return on equity of 24.63% and a net margin of 12.81%. The business had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same quarter last year, the firm earned $1.12 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. Research analysts forecast that Emerson Electric Co. will post 3.63 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.32%. Emerson Electric’s dividend payout ratio (DPR) is currently 57.99%.

Emerson Electric Company Profile

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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