Valley Brook Capital Group Inc. Decreases Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Valley Brook Capital Group Inc. lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 2.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,725 shares of the industrial products company’s stock after selling 150 shares during the period. Valley Brook Capital Group Inc.’s holdings in Emerson Electric were worth $626,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Transcendent Capital Group LLC purchased a new position in Emerson Electric in the first quarter worth about $31,000. Meeder Asset Management Inc. boosted its holdings in shares of Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 235 shares during the period. Morton Brown Family Wealth LLC bought a new position in shares of Emerson Electric during the 3rd quarter valued at approximately $33,000. Versant Capital Management Inc lifted its position in Emerson Electric by 471.9% in the second quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock worth $36,000 after buying an additional 269 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in Emerson Electric during the third quarter worth $43,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on EMR. Barclays raised their target price on shares of Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a report on Wednesday. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research note on Wednesday. Oppenheimer upped their price objective on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Finally, KeyCorp boosted their target price on shares of Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $127.65.

Emerson Electric Stock Performance

NYSE EMR traded down $1.06 during mid-day trading on Thursday, reaching $125.80. 245,267 shares of the stock were exchanged, compared to its average volume of 2,716,879. Emerson Electric Co. has a 1 year low of $84.61 and a 1 year high of $127.74. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. The business’s 50 day moving average is $107.50 and its 200-day moving average is $109.05. The company has a market capitalization of $72.05 billion, a P/E ratio of 42.57, a P/E/G ratio of 1.68 and a beta of 1.30.

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 analysts’ expectations of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the firm earned $1.29 EPS. On average, equities research analysts forecast that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.68%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. Emerson Electric’s payout ratio is presently 70.47%.

Emerson Electric Company Profile

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.