Lmcg Investments LLC Sells 3,222 Shares of Emerson Electric Co. $EMR

Lmcg Investments LLC lowered its position in Emerson Electric Co. (NYSE:EMR) by 3.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 97,745 shares of the industrial products company’s stock after selling 3,222 shares during the period. Lmcg Investments LLC’s holdings in Emerson Electric were worth $13,032,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of EMR. Nuveen LLC purchased a new stake in Emerson Electric in the 1st quarter worth $737,318,000. Pacer Advisors Inc. lifted its stake in Emerson Electric by 4,583.7% in the 1st 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 stake in Emerson Electric by 218.7% in the 1st 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. Massachusetts Financial Services Co. MA lifted its stake in Emerson Electric by 210.8% in the 1st 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. Finally, Wellington Management Group LLP lifted its stake in Emerson Electric by 6.9% in the 1st quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company’s stock worth $1,675,403,000 after purchasing an additional 980,652 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Emerson Electric stock opened at $125.99 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The firm has a market capitalization of $70.91 billion, a P/E ratio of 27.09, a price-to-earnings-growth ratio of 2.29 and a beta of 1.29. The company’s 50-day moving average is $132.66 and its 200 day moving average is $125.17.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 earnings per share 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. Research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, August 15th. Emerson Electric’s dividend payout ratio is currently 45.38%.

Analyst Ratings Changes

Several brokerages have recently issued reports on EMR. Barclays upgraded shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $125.00 to $127.00 in a research report on Thursday, August 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday. Stephens upped their target price 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. Deutsche Bank Aktiengesellschaft upped their target price on shares of Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Finally, Daiwa Capital Markets upped their target price 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. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.29.

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.