Louisiana State Employees Retirement System Has $3.52 Million Position in Emerson Electric Co. (NYSE:EMR)

Louisiana State Employees Retirement System cut its stake in Emerson Electric Co. (NYSE:EMR) by 0.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,200 shares of the industrial products company’s stock after selling 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Emerson Electric were worth $3,522,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. LVW Advisors LLC increased its holdings in Emerson Electric by 55.5% in the first quarter. LVW Advisors LLC now owns 4,238 shares of the industrial products company’s stock worth $481,000 after buying an additional 1,512 shares during the last quarter. Aviance Capital Partners LLC acquired a new position in shares of Emerson Electric during the 1st quarter worth $706,000. Diversified Trust Co raised its holdings in shares of Emerson Electric by 0.9% during the 1st quarter. Diversified Trust Co now owns 22,611 shares of the industrial products company’s stock valued at $2,565,000 after purchasing an additional 207 shares in the last quarter. Miracle Mile Advisors LLC lifted its stake in shares of Emerson Electric by 193.9% in the 1st quarter. Miracle Mile Advisors LLC now owns 18,318 shares of the industrial products company’s stock valued at $2,078,000 after purchasing an additional 12,085 shares during the last quarter. Finally, Tributary Capital Management LLC bought a new stake in Emerson Electric in the first quarter worth $35,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Trading Down 0.1 %

EMR stock opened at $108.13 on Monday. 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 firm has a market cap of $61.86 billion, a P/E ratio of 5.79, a P/E/G ratio of 1.68 and a beta of 1.30. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53. The business’s 50 day moving average is $106.19 and its 200-day moving average is $108.96.

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

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.94%. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EMR. Robert W. Baird boosted their price target on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Morgan Stanley began coverage on Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 target price for the company. Royal Bank of Canada dropped their price target on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Wells Fargo & Company lowered their target price on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Redburn Atlantic assumed coverage on shares of Emerson Electric in a research report on Monday, July 8th. They set a “buy” rating and a $135.00 target price for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.47.

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.