West Oak Capital LLC Has $2.31 Million Stake in Emerson Electric Co. (NYSE:EMR)

West Oak Capital LLC decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 21,073 shares of the industrial products company’s stock after selling 135 shares during the period. West Oak Capital LLC’s holdings in Emerson Electric were worth $2,305,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Newport Trust Company LLC bought a new stake in Emerson Electric in the second quarter valued at approximately $574,908,000. Legal & General Group Plc boosted its holdings in shares of Emerson Electric by 5.2% in 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 buying an additional 224,784 shares during the period. Swedbank AB raised its holdings in shares of Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after acquiring an additional 1,424,800 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Emerson Electric by 17.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,358,796 shares of the industrial products company’s stock worth $259,809,000 after purchasing an additional 355,106 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Emerson Electric by 6.8% in the first quarter. Van ECK Associates Corp now owns 2,106,958 shares of the industrial products company’s stock valued at $238,971,000 after buying an additional 134,865 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $110.44 on Friday. The company’s 50 day moving average price is $105.66 and its two-hundred day moving average price is $109.20. The firm has a market capitalization of $63.18 billion, a P/E ratio of 5.91, a P/E/G ratio of 1.70 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $119.53.

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

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 annualized dividend and a yield of 1.90%. Emerson Electric’s payout ratio is 11.24%.

Analysts Set New Price Targets

EMR has been the subject of a number of recent analyst reports. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $135.00 to $120.00 in a research note on Wednesday. Barclays reduced their price target on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Royal Bank of Canada cut their price objective on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. Finally, Robert W. Baird lifted their target price on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.47.

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.