Los Angeles Capital Management & Equity Research Inc. cut its holdings in Emerson Electric Co. (NYSE:EMR) by 0.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 834,528 shares of the industrial products company’s stock after selling 1,300 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned 0.14% of Emerson Electric worth $57,140,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of EMR. Csenge Advisory Group purchased a new stake in Emerson Electric during the third quarter worth $28,000. Moody National Bank Trust Division purchased a new stake in Emerson Electric during the fourth quarter worth $27,000. Massey Quick Simon & CO. LLC purchased a new stake in Emerson Electric during the fourth quarter worth $30,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Emerson Electric during the first quarter worth $34,000. Finally, Norway Savings Bank boosted its position in Emerson Electric by 60.1% during the fourth quarter. Norway Savings Bank now owns 533 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 73.06% of the company’s stock.
A number of analysts have commented on the company. Cowen reiterated a “buy” rating and set a $81.00 target price on shares of Emerson Electric in a research report on Wednesday, January 30th. Zacks Investment Research upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research report on Tuesday, April 2nd. Morgan Stanley set a $77.00 target price on Emerson Electric and gave the stock a “buy” rating in a research report on Friday, February 8th. Credit Suisse Group boosted their target price on Emerson Electric from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 6th. Finally, Citigroup raised Emerson Electric from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $67.00 to $81.00 in a report on Monday, April 8th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $76.41.
Shares of NYSE EMR traded down $0.66 during trading on Wednesday, reaching $64.67. The company had a trading volume of 2,402,489 shares, compared to its average volume of 3,333,512. Emerson Electric Co. has a twelve month low of $55.38 and a twelve month high of $79.70. The stock has a market cap of $39.84 billion, a price-to-earnings ratio of 19.13, a price-to-earnings-growth ratio of 2.07 and a beta of 1.23. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.44.
Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $0.84 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.84. The company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.64 billion. Emerson Electric had a return on equity of 24.63% and a net margin of 12.81%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 earnings per share. As a group, analysts anticipate that Emerson Electric Co. will post 3.65 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be paid a $0.49 dividend. The ex-dividend date is Thursday, May 16th. This represents a $1.96 annualized dividend and a yield of 3.03%. Emerson Electric’s payout ratio is currently 57.99%.
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About Emerson Electric
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.
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