Jackson Square Capital LLC Has $301,000 Stock Position in Emerson Electric Co. (NYSE:EMR)

Jackson Square Capital LLC decreased its position in Emerson Electric Co. (NYSE:EMR) by 35.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,748 shares of the industrial products company’s stock after selling 1,537 shares during the period. Jackson Square Capital LLC’s holdings in Emerson Electric were worth $301,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new position in shares of Emerson Electric during the 1st quarter worth approximately $31,000. Meeder Asset Management Inc. raised its position in Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 235 shares during the last quarter. Morton Brown Family Wealth LLC bought a new position in Emerson Electric in the 3rd quarter valued at $33,000. Versant Capital Management Inc raised its position in Emerson Electric by 471.9% in the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 269 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in Emerson Electric in the 3rd quarter valued at $43,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Up 7.8 %

NYSE:EMR opened at $126.86 on Thursday. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $127.74. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The stock has a market cap of $72.65 billion, a price-to-earnings ratio of 42.57, a PEG ratio of 1.68 and a beta of 1.30. The stock has a 50-day moving average price of $107.50 and a two-hundred day moving average price of $109.05.

Emerson Electric (NYSE:EMR) last posted 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 return on equity of 11.41% and a net margin of 10.12%. The firm had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the previous year, the firm earned $1.29 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. As a group, equities analysts expect that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday. Barclays lifted their price objective on Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a research report on Wednesday. JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Finally, StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.