Louisiana State Employees Retirement System Sells 1,500 Shares of Emerson Electric Co. (NYSE:EMR)

Louisiana State Employees Retirement System lowered its position in Emerson Electric Co. (NYSE:EMR) by 4.7% in the 4th quarter, Holdings Channel reports. The fund owned 30,700 shares of the industrial products company’s stock after selling 1,500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Emerson Electric were worth $3,805,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in shares of Emerson Electric in the 3rd quarter worth approximately $25,000. Stephens Consulting LLC bought a new position in Emerson Electric during the 4th quarter valued at approximately $25,000. Sugar Maple Asset Management LLC bought a new position in Emerson Electric during the 4th quarter valued at approximately $27,000. Darwin Wealth Management LLC bought a new position in Emerson Electric during the 3rd quarter valued at approximately $29,000. Finally, YANKCOM Partnership bought a new position in Emerson Electric during the 4th quarter valued at approximately $30,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

NYSE EMR opened at $124.45 on Thursday. The company has a market capitalization of $70.88 billion, a PE ratio of 29.70, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.40 and a current ratio of 1.54. The business’s fifty day moving average is $126.24 and its 200 day moving average is $116.95. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Sell-side analysts predict that Emerson Electric Co. will post 5.95 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.5275 per share. The ex-dividend date is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.70%. Emerson Electric’s dividend payout ratio is presently 50.36%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft raised their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a research note on Thursday, February 6th. Daiwa Capital Markets started coverage on Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price on the stock. Finally, StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $136.90.

Emerson Electric 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.