Loomis Sayles & Co. L P Lowers Stock Position in Emerson Electric Co. $EMR

Loomis Sayles & Co. L P lowered its position in shares of Emerson Electric Co. (NYSE:EMR) by 14.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,358 shares of the industrial products company’s stock after selling 11,932 shares during the period. Loomis Sayles & Co. L P’s holdings in Emerson Electric were worth $9,647,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Emerson Electric during the second quarter valued at approximately $918,830,000. Nuveen LLC purchased a new stake in shares of Emerson Electric in the 1st quarter worth approximately $737,318,000. JPMorgan Chase & Co. increased its holdings in shares of Emerson Electric by 75.0% during the second quarter. JPMorgan Chase & Co. now owns 12,538,402 shares of the industrial products company’s stock valued at $1,671,762,000 after acquiring an additional 5,371,585 shares in the last quarter. Alliancebernstein L.P. raised its holdings in 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 buying an additional 1,693,999 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in Emerson Electric by 19.5% in the 2nd quarter. Nordea Investment Management AB now owns 9,195,005 shares of the industrial products company’s stock worth $1,223,947,000 after acquiring an additional 1,499,000 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EMR. Wolfe Research increased their price objective on shares of Emerson Electric from $165.00 to $168.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. Barclays lifted their target price on Emerson Electric from $127.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, November 6th. JPMorgan Chase & Co. dropped their price objective on shares of Emerson Electric from $151.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Wells Fargo & Company restated an “equal weight” rating and issued a $140.00 price target (down previously from $150.00) on shares of Emerson Electric in a research report on Monday, October 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.67.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $131.95 on Tuesday. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The company has a market cap of $74.13 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 2.36 and a beta of 1.30. The company’s 50 day moving average is $131.33 and its 200 day moving average is $132.07.

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

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be paid a $0.555 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.22 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, November 14th. Emerson Electric’s payout ratio is 54.95%.

Emerson Electric announced that its board has initiated a stock buyback program on Wednesday, November 5th that permits the company to buyback $0.00 in shares. This buyback authorization permits the industrial products company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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.