Emerson Electric Co. (NYSE:EMR) Stake Reduced by Great Lakes Advisors LLC

Great Lakes Advisors LLC trimmed its stake in Emerson Electric Co. (NYSE:EMR) by 0.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 349,267 shares of the industrial products company’s stock after selling 2,825 shares during the quarter. Great Lakes Advisors LLC’s holdings in Emerson Electric were worth $38,475,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Gilbert & Cook Inc. raised its holdings in shares of Emerson Electric by 4.8% during the fourth quarter. Gilbert & Cook Inc. now owns 4,332 shares of the industrial products company’s stock valued at $422,000 after buying an additional 199 shares during the last quarter. Gryphon Financial Partners LLC boosted its position in Emerson Electric by 12.8% during the 4th quarter. Gryphon Financial Partners LLC now owns 6,380 shares of the industrial products company’s stock worth $619,000 after acquiring an additional 722 shares during the period. Principal Securities Inc. acquired a new position in shares of Emerson Electric during the fourth quarter valued at $505,000. Teacher Retirement System of Texas raised its stake in shares of Emerson Electric by 5.7% during the fourth quarter. Teacher Retirement System of Texas now owns 265,278 shares of the industrial products company’s stock valued at $25,820,000 after purchasing an additional 14,341 shares in the last quarter. Finally, Qsemble Capital Management LP acquired a new stake in Emerson Electric in the fourth quarter worth about $798,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on EMR. Barclays lowered their target price 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. Wells Fargo & Company cut their price target on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Royal Bank of Canada lowered their price objective on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Redburn Atlantic began coverage on shares of Emerson Electric in a research note on Monday, July 8th. They set a “buy” rating and a $135.00 target price for the company. Finally, Loop Capital lifted their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $124.06.

Emerson Electric Stock Down 1.8 %

Shares of EMR stock traded down $1.78 during trading on Friday, hitting $98.19. 2,780,873 shares of the company were exchanged, compared to its average volume of 2,698,155. The business’s 50-day simple moving average is $108.69 and its 200 day simple moving average is $109.72. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53. The firm has a market capitalization of $56.17 billion, a price-to-earnings ratio of 5.25, a P/E/G ratio of 1.75 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16.

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

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th will be issued a dividend of $0.525 per share. The ex-dividend date is Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 2.14%. Emerson Electric’s dividend payout ratio is 11.24%.

Emerson Electric 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.