Emerson Electric Co. $EMR Position Reduced by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. trimmed its stake in Emerson Electric Co. (NYSE:EMR) by 8.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,852 shares of the industrial products company’s stock after selling 1,030 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Emerson Electric were worth $1,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in EMR. Nuveen LLC purchased a new stake in shares of Emerson Electric in the first quarter worth approximately $737,318,000. Pacer Advisors Inc. lifted its position in shares of Emerson Electric by 4,583.7% in the first quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company’s stock worth $239,569,000 after purchasing an additional 2,138,397 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Emerson Electric by 218.7% in the first quarter. Alliancebernstein L.P. now owns 2,468,732 shares of the industrial products company’s stock worth $270,672,000 after purchasing an additional 1,693,999 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Emerson Electric by 19.5% in the second quarter. Nordea Investment Management AB now owns 9,195,005 shares of the industrial products company’s stock worth $1,223,947,000 after purchasing an additional 1,499,000 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Emerson Electric by 210.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company’s stock worth $215,602,000 after purchasing an additional 1,333,839 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EMR has been the topic of several recent research reports. Royal Bank Of Canada raised their price objective on shares of Emerson Electric from $154.00 to $155.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Stephens raised their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. Jefferies Financial Group cut their price objective on shares of Emerson Electric from $160.00 to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Daiwa Capital Markets raised their price objective on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Emerson Electric from $135.00 to $151.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $148.28.

Emerson Electric Trading Up 2.2%

NYSE:EMR opened at $139.83 on Friday. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The firm has a market cap of $78.70 billion, a price-to-earnings ratio of 30.07, a P/E/G ratio of 2.36 and a beta of 1.29. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The company’s 50 day moving average is $132.26 and its 200-day moving average is $128.34.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The company had revenue of $3.16 billion for the quarter. Equities analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.5%. Emerson Electric’s dividend payout ratio (DPR) is currently 45.38%.

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.