BOK Financial Private Wealth Inc. Sells 3,397 Shares of Emerson Electric Co. $EMR

BOK Financial Private Wealth Inc. lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 27.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,186 shares of the industrial products company’s stock after selling 3,397 shares during the period. BOK Financial Private Wealth Inc.’s holdings in Emerson Electric were worth $1,225,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of EMR. Impact Capital Partners LLC increased its position in shares of Emerson Electric by 3.9% during the 2nd quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 71 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in Emerson Electric by 1.7% during the second quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,338 shares of the industrial products company’s stock valued at $578,000 after buying an additional 71 shares during the period. Jag Capital Management LLC increased its holdings in Emerson Electric by 1.9% during the second quarter. Jag Capital Management LLC now owns 3,954 shares of the industrial products company’s stock worth $527,000 after buying an additional 72 shares during the last quarter. Beacon Financial Advisory LLC raised its position in Emerson Electric by 2.9% in the second quarter. Beacon Financial Advisory LLC now owns 2,769 shares of the industrial products company’s stock worth $369,000 after acquiring an additional 77 shares during the period. Finally, Petros Family Wealth LLC boosted its stake in Emerson Electric by 0.9% in the second quarter. Petros Family Wealth LLC now owns 9,319 shares of the industrial products company’s stock valued at $1,243,000 after acquiring an additional 80 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on EMR. Citigroup lifted their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 14th. JPMorgan Chase & Co. upped their price target on Emerson Electric from $135.00 to $151.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Barclays lifted their price objective on Emerson Electric from $127.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday. Daiwa Capital Markets upped their price objective on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Finally, Jefferies Financial Group reduced their target price on shares of Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.61.

Emerson Electric Trading Down 1.7%

Shares of Emerson Electric stock opened at $129.27 on Monday. The company’s 50-day moving average price is $132.37 and its 200-day moving average price is $129.97. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The company has a market cap of $72.75 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 2.36 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last posted its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business had revenue of $3.16 billion for the quarter. On average, equities analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric declared that its Board of Directors has authorized a share repurchase program on Wednesday, November 5th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the industrial products company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be paid a dividend of $0.555 per share. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.22 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, November 14th. Emerson Electric’s dividend payout ratio is 54.95%.

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.