Paulson Wealth Management Inc. Sells 380 Shares of Emerson Electric Co. (NYSE:EMR)

Paulson Wealth Management Inc. lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 8.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,265 shares of the industrial products company’s stock after selling 380 shares during the period. Paulson Wealth Management Inc.’s holdings in Emerson Electric were worth $285,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of EMR. BlackRock Inc. increased its holdings in shares of Emerson Electric by 7.3% during the 1st quarter. BlackRock Inc. now owns 45,135,139 shares of the industrial products company’s stock worth $3,090,402,000 after buying an additional 3,058,256 shares during the last quarter. Geode Capital Management LLC boosted its stake in Emerson Electric by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 7,394,814 shares of the industrial products company’s stock worth $441,115,000 after buying an additional 355,369 shares in the last quarter. Jensen Investment Management Inc. boosted its stake in shares of Emerson Electric by 4.7% in the 1st quarter. Jensen Investment Management Inc. now owns 2,823,019 shares of the industrial products company’s stock valued at $193,292,000 after purchasing an additional 126,365 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Emerson Electric by 46.4% in the 1st quarter. American Century Companies Inc. now owns 2,708,094 shares of the industrial products company’s stock valued at $185,423,000 after purchasing an additional 858,733 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Emerson Electric by 0.5% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,620,166 shares of the industrial products company’s stock valued at $179,403,000 after purchasing an additional 12,106 shares in the last quarter. 70.17% of the stock is owned by institutional investors.

Shares of Emerson Electric stock traded down $0.96 during trading on Friday, reaching $59.82. The company’s stock had a trading volume of 2,021,337 shares, compared to its average volume of 3,030,201. The stock has a 50-day moving average of $65.02. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.18 and a quick ratio of 0.76. Emerson Electric Co. has a one year low of $55.38 and a one year high of $79.70. The firm has a market capitalization of $37.00 billion, a PE ratio of 17.70, a P/E/G ratio of 1.97 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.94. Emerson Electric had a return on equity of 24.67% and a net margin of 12.06%. The business had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same period in the previous year, the business posted $1.12 earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. Sell-side analysts forecast that Emerson Electric Co. will post 3.64 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.96 annualized dividend and a yield of 3.28%. Emerson Electric’s dividend payout ratio is currently 57.99%.

In related news, insider Michael H. Train sold 12,278 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 129,298 shares in the company, valued at approximately $8,249,212.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Bell Katherine Button sold 4,470 shares of the business’s stock in a transaction that occurred on 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 transaction, the vice president now owns 18,040 shares of the company’s stock, valued at $1,172,600. The disclosure for this sale can be found here. Insiders have sold a total of 40,333 shares of company stock valued at $2,583,230 over the last three months. Company insiders own 0.07% of the company’s stock.

EMR has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 target price on the stock. in a research note on Tuesday, July 23rd. Deutsche Bank reduced their target price on shares of Emerson Electric from $74.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday. Citigroup reduced their target price on shares of Emerson Electric from $79.00 to $77.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Morgan Stanley reduced their target price on shares of Emerson Electric from $84.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Credit Suisse Group reduced their target price on shares of Emerson Electric from $74.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. Emerson Electric currently has an average rating of “Hold” and a consensus target price of $74.50.

Emerson Electric 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.

Further Reading: Outstanding Shares and The Effect on Share Price

Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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