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Los Angeles Capital Management & Equity Research Inc. Sells 81,902 Shares of Emerson Electric Company (EMR)

Emerson Electric logoLos Angeles Capital Management & Equity Research Inc. lowered its stake in shares of Emerson Electric Company (NYSE:EMR) by 68.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,994 shares of the industrial products company’s stock after selling 81,902 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Emerson Electric were worth $2,214,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. First Command Financial Services Inc. raised its position in shares of Emerson Electric by 18.9% in the first quarter. First Command Financial Services Inc. now owns 1,935 shares of the industrial products company’s stock worth $116,000 after buying an additional 307 shares in the last quarter. Central Bank & Trust Co. raised its position in shares of Emerson Electric by 31.3% in the first quarter. Central Bank & Trust Co. now owns 2,100 shares of the industrial products company’s stock worth $126,000 after buying an additional 500 shares in the last quarter. Milestone Group Inc. purchased a new position in shares of Emerson Electric during the first quarter worth approximately $201,000. Wedgewood Investors Inc. PA purchased a new position in shares of Emerson Electric during the first quarter worth approximately $204,000. Finally, Garrison Bradford & Associates Inc. purchased a new position in shares of Emerson Electric during the first quarter worth approximately $204,000. Institutional investors and hedge funds own 68.92% of the company’s stock.

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Shares of Emerson Electric Company (NYSE EMR) opened at 60.68 on Friday. Emerson Electric Company has a 12 month low of $49.22 and a 12 month high of $64.36. The company has a 50 day moving average of $59.79 and a 200 day moving average of $59.74. The stock has a market cap of $39.07 billion, a P/E ratio of 27.08 and a beta of 1.20.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.68. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.68 earnings per share. Equities research analysts expect that Emerson Electric Company will post $2.61 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 11th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Wednesday, August 9th. Emerson Electric’s dividend payout ratio is currently 85.33%.

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A number of equities research analysts have recently issued reports on EMR shares. Royal Bank Of Canada restated a “sector perform” rating and issued a $62.00 target price (up previously from $61.00) on shares of Emerson Electric in a research note on Wednesday. BidaskClub lowered shares of Emerson Electric from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Cowen and Company restated a “hold” rating and issued a $62.00 target price on shares of Emerson Electric in a research note on Tuesday, April 25th. Stifel Nicolaus restated a “buy” rating and issued a $68.00 target price on shares of Emerson Electric in a research note on Wednesday, July 19th. Finally, Morgan Stanley restated an “overweight” rating on shares of Emerson Electric in a research note on Tuesday, July 11th. Three 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. The company currently has a consensus rating of “Hold” and a consensus target price of $57.48.

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.

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

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