Emerson Electric Co. (NYSE:EMR) Stake Cut by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC decreased its holdings in Emerson Electric Co. (NYSE:EMRFree Report) by 5.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,659 shares of the industrial products company’s stock after selling 420 shares during the period. Douglas Lane & Associates LLC’s holdings in Emerson Electric were worth $838,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP lifted its position in Emerson Electric by 12.5% in the 4th quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock worth $1,307,680,000 after buying an additional 1,488,948 shares in the last quarter. Newport Trust Company LLC purchased a new stake in shares of Emerson Electric during the second quarter worth $574,908,000. Legal & General Group Plc boosted its position in Emerson Electric by 5.2% during the second quarter. Legal & General Group Plc now owns 4,510,496 shares of the industrial products company’s stock valued at $496,877,000 after purchasing an additional 224,784 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Emerson Electric by 17.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,358,796 shares of the industrial products company’s stock valued at $259,809,000 after purchasing an additional 355,106 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in Emerson Electric by 6.8% in the 1st quarter. Van ECK Associates Corp now owns 2,106,958 shares of the industrial products company’s stock worth $238,971,000 after purchasing an additional 134,865 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 1.1 %

Shares of EMR stock opened at $112.06 on Monday. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $119.53. The firm’s fifty day simple moving average is $105.03 and its 200 day simple moving average is $109.24. The firm has a market capitalization of $64.11 billion, a P/E ratio of 6.00, a price-to-earnings-growth ratio of 1.70 and a beta of 1.30.

Emerson Electric (NYSE:EMRGet Free Report) last released its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.01. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The business had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter last year, the company earned $1.29 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. As a group, sell-side analysts predict that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were paid a $0.525 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.87%. Emerson Electric’s payout ratio is 11.24%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Barclays dropped their price target on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Morgan Stanley assumed coverage on shares of Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective for the company. Robert W. Baird raised their target price on Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $132.00 to $115.00 in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus price target of $124.59.

Check Out Our Latest Report on Emerson Electric

Emerson Electric Company Profile

(Free Report)

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.

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

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