Comprehensive Financial Consultants Institutional Inc. Decreases Stake in Emerson Electric Co. (NYSE:EMR)

Comprehensive Financial Consultants Institutional Inc. lessened its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 10,718 shares of the industrial products company’s stock after selling 132 shares during the quarter. Comprehensive Financial Consultants Institutional Inc.’s holdings in Emerson Electric were worth $1,172,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in EMR. AIA Group Ltd raised its stake in Emerson Electric by 37.1% during the third quarter. AIA Group Ltd now owns 2,670 shares of the industrial products company’s stock valued at $292,000 after purchasing an additional 723 shares in the last quarter. Bensler LLC lifted its holdings in shares of Emerson Electric by 3.1% in the 3rd quarter. Bensler LLC now owns 17,100 shares of the industrial products company’s stock valued at $1,870,000 after acquiring an additional 514 shares during the last quarter. JB Capital LLC increased its stake in Emerson Electric by 5.5% during the third quarter. JB Capital LLC now owns 88,635 shares of the industrial products company’s stock worth $9,694,000 after acquiring an additional 4,657 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its stake in shares of Emerson Electric by 0.3% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 149,498 shares of the industrial products company’s stock valued at $16,351,000 after purchasing an additional 505 shares during the last quarter. Finally, Jmac Enterprises LLC boosted its holdings in shares of Emerson Electric by 36.1% in the 3rd quarter. Jmac Enterprises LLC now owns 8,300 shares of the industrial products company’s stock worth $908,000 after purchasing an additional 2,200 shares during the period. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of NYSE:EMR opened at $127.19 on Friday. The firm has a 50 day moving average of $107.50 and a 200 day moving average of $109.05. 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 company has a market capitalization of $72.84 billion, a price-to-earnings ratio of 37.19, a price-to-earnings-growth ratio of 1.68 and a beta of 1.30. Emerson Electric Co. has a 52 week low of $84.61 and a 52 week high of $127.74.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data 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 return on equity of 11.41% and a net margin of 10.12%. The firm had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the prior year, the business posted $1.29 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts predict that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a $0.5275 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 61.70%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research report on Wednesday. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Royal Bank of Canada decreased their price objective on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday. Barclays upped their target price on Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $127.65.

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.