Brandes Investment Partners LP Lowers Position in Emerson Electric Company (NYSE:EMR)

Brandes Investment Partners LP cut its position in shares of Emerson Electric Company (NYSE:EMR) by 5.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 2,391,767 shares of the industrial products company’s stock after selling 131,469 shares during the period. Emerson Electric accounts for about 2.1% of Brandes Investment Partners LP’s portfolio, making the stock its 16th largest position. Brandes Investment Partners LP owned about 0.37% of Emerson Electric worth $143,172,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Teachers Advisors LLC raised its stake in Emerson Electric by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 793,075 shares of the industrial products company’s stock valued at $44,214,000 after buying an additional 33,643 shares during the period. Macquarie Group Ltd. raised its stake in Emerson Electric by 33.2% in the fourth quarter. Macquarie Group Ltd. now owns 35,300 shares of the industrial products company’s stock valued at $1,968,000 after buying an additional 8,800 shares during the period. Park National Corp OH raised its stake in Emerson Electric by 2.4% in the first quarter. Park National Corp OH now owns 366,852 shares of the industrial products company’s stock valued at $21,960,000 after buying an additional 8,456 shares during the period. Liberty Capital Management Inc. raised its stake in Emerson Electric by 14.1% in the first quarter. Liberty Capital Management Inc. now owns 10,036 shares of the industrial products company’s stock valued at $601,000 after buying an additional 1,241 shares during the period. Finally, Renaissance Investment Group LLC raised its stake in Emerson Electric by 0.4% in the first quarter. Renaissance Investment Group LLC now owns 7,972 shares of the industrial products company’s stock valued at $477,000 after buying an additional 30 shares during the period. 69.06% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Emerson Electric Company (EMR) traded down 0.42% on Friday, hitting $58.89. 2,802,773 shares of the stock were exchanged. The stock has a market cap of $37.69 billion, a price-to-earnings ratio of 26.28 and a beta of 1.20. Emerson Electric Company has a 1-year low of $49.22 and a 1-year high of $64.36. The stock’s 50-day moving average is $59.83 and its 200-day moving average is $59.83.

Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, August 1st. The industrial products company reported $0.68 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.68. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.99 billion. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.68 earnings per share. Analysts forecast that Emerson Electric Company will post $2.61 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 11th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $1.92 annualized dividend and a dividend yield of 3.26%. Emerson Electric’s dividend payout ratio is currently 85.33%.

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EMR has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Wednesday, April 19th. Cowen and Company restated a “hold” rating and set a $62.00 price objective on shares of Emerson Electric in a report on Tuesday, April 25th. TheStreet upgraded shares of Emerson Electric from a “c+” rating to a “b” rating in a report on Thursday, May 4th. Stifel Nicolaus restated a “buy” rating and set a $67.00 price objective (up from $65.00) on shares of Emerson Electric in a report on Monday, May 15th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $62.00 price objective on shares of Emerson Electric in a report on Tuesday, June 6th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company. Emerson Electric presently has a consensus rating of “Hold” and an average price target of $58.14.

Emerson Electric Company Profile

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

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

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