Diversify Advisory Services LLC Sells 2,173 Shares of Emerson Electric Co. (NYSE:EMR)

Diversify Advisory Services LLC cut its stake in Emerson Electric Co. (NYSE:EMR) by 51.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,079 shares of the industrial products company’s stock after selling 2,173 shares during the quarter. Diversify Advisory Services LLC’s holdings in Emerson Electric were worth $228,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Integrated Advisors Network LLC boosted its position in shares of Emerson Electric by 1.1% during the third quarter. Integrated Advisors Network LLC now owns 28,019 shares of the industrial products company’s stock valued at $3,064,000 after buying an additional 293 shares during the period. Traynor Capital Management Inc. purchased a new position in Emerson Electric during the 3rd quarter valued at $220,000. SFE Investment Counsel grew its position in Emerson Electric by 13.1% in the 3rd quarter. SFE Investment Counsel now owns 5,775 shares of the industrial products company’s stock valued at $632,000 after acquiring an additional 667 shares during the last quarter. Pallas Capital Advisors LLC lifted its position in shares of Emerson Electric by 5.5% during the third quarter. Pallas Capital Advisors LLC now owns 78,654 shares of the industrial products company’s stock worth $8,515,000 after purchasing an additional 4,128 shares during the last quarter. Finally, Orrstown Financial Services Inc. purchased a new stake in shares of Emerson Electric during the third quarter valued at $202,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on EMR shares. Morgan Stanley initiated coverage on shares of Emerson Electric in a report on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective for the company. Barclays lowered their price target on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Redburn Atlantic initiated coverage on Emerson Electric in a report on Monday, July 8th. They set a “buy” rating and a $135.00 price objective on the stock. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. Finally, Royal Bank of Canada cut their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $125.47.

Emerson Electric Stock Performance

Shares of EMR stock opened at $108.46 on Friday. The company has a market cap of $62.12 billion, a P/E ratio of 36.40, a PEG ratio of 1.67 and a beta of 1.30. The firm has a fifty day moving average price of $106.66 and a 200 day moving average price of $108.88. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53.

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

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 annualized dividend and a yield of 1.94%. Emerson Electric’s dividend payout ratio is currently 70.47%.

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.