LS Investment Advisors LLC Sells 1,582 Shares of Emerson Electric Co. (NYSE:EMR)

LS Investment Advisors LLC lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 87,991 shares of the industrial products company’s stock after selling 1,582 shares during the period. Emerson Electric comprises approximately 1.4% of LS Investment Advisors LLC’s investment portfolio, making the stock its 27th biggest holding. LS Investment Advisors LLC’s holdings in Emerson Electric were worth $9,624,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. JB Capital LLC raised its stake in Emerson Electric by 5.5% in the third quarter. JB Capital LLC now owns 88,635 shares of the industrial products company’s stock worth $9,694,000 after buying an additional 4,657 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its stake in Emerson Electric by 0.3% in the third quarter. Kornitzer Capital Management Inc. KS now owns 149,498 shares of the industrial products company’s stock worth $16,351,000 after buying an additional 505 shares in the last quarter. Jmac Enterprises LLC raised its stake in Emerson Electric by 36.1% in the third quarter. Jmac Enterprises LLC now owns 8,300 shares of the industrial products company’s stock worth $908,000 after buying an additional 2,200 shares in the last quarter. Principal Financial Group Inc. raised its stake in Emerson Electric by 2.9% in the third quarter. Principal Financial Group Inc. now owns 812,976 shares of the industrial products company’s stock worth $88,915,000 after buying an additional 23,205 shares in the last quarter. Finally, Montecito Bank & Trust grew its holdings in Emerson Electric by 2.6% in the third quarter. Montecito Bank & Trust now owns 11,320 shares of the industrial products company’s stock worth $1,238,000 after purchasing an additional 286 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR opened at $127.19 on Friday. The business’s 50-day moving average is $107.50 and its two-hundred day moving average is $109.05. The company has a market capitalization of $72.84 billion, a P/E ratio of 42.68, a P/E/G ratio of 1.68 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 Co. has a fifty-two week low of $84.61 and a fifty-two week high of $127.74.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The company had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same period last year, the firm earned $1.29 EPS. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. Research analysts predict that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.5275 per share. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Friday, November 15th. Emerson Electric’s dividend payout ratio is presently 70.47%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EMR. Morgan Stanley began coverage on shares of Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target on the stock. Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. KeyCorp lifted their price target on shares of Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday. Robert W. Baird lifted their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Wells Fargo & Company lifted their price target on shares of Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $127.65.

Emerson Electric Company 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.