Los Angeles Capital Management LLC Buys 5,497 Shares of Emerson Electric Co. (NYSE:EMR)

Los Angeles Capital Management LLC increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 188.3% during the second quarter, HoldingsChannel.com reports. The firm owned 8,416 shares of the industrial products company’s stock after buying an additional 5,497 shares during the period. Los Angeles Capital Management LLC’s holdings in Emerson Electric were worth $927,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in EMR. Security National Bank purchased a new stake in shares of Emerson Electric in the fourth quarter worth about $29,000. Cape Investment Advisory Inc. lifted its stake in Emerson Electric by 148.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 188 shares in the last quarter. Transcendent Capital Group LLC bought a new position in Emerson Electric in the 1st quarter valued at $31,000. Burkett Financial Services LLC bought a new position in shares of Emerson Electric in the fourth quarter worth $32,000. Finally, Tributary Capital Management LLC purchased a new stake in shares of Emerson Electric in the first quarter worth $35,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

NYSE:EMR opened at $101.47 on Friday. 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 $83.10 and a fifty-two week high of $119.53. The business has a 50 day moving average price of $107.96 and a 200-day moving average price of $109.58. The firm has a market cap of $58.05 billion, a PE ratio of 5.43, a price-to-earnings-growth ratio of 1.63 and a beta of 1.30.

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

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is currently 11.24%.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of research analyst reports. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Redburn Atlantic started coverage on shares of Emerson Electric in a research note on Monday, July 8th. They issued a “buy” rating and a $135.00 target price on the stock. Robert W. Baird boosted their price target on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. Finally, Wells Fargo & Company lowered their price target on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $124.06.

About Emerson Electric

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.