Los Angeles Capital Management LLC Has $345,000 Holdings in Emerson Electric Co. (NYSE:EMR)

Los Angeles Capital Management LLC cut its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 62.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,156 shares of the industrial products company’s stock after selling 5,260 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Emerson Electric were worth $345,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Newport Trust Company LLC acquired a new stake in shares of Emerson Electric during the 2nd quarter valued at about $574,908,000. Pathway Financial Advisers LLC lifted its holdings in shares of Emerson Electric by 10,993.2% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock valued at $226,443,000 after buying an additional 2,051,764 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Emerson Electric by 107.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after buying an additional 2,016,075 shares during the last quarter. Swedbank AB lifted its holdings in shares of Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after buying an additional 1,424,800 shares during the last quarter. Finally, Perpetual Ltd lifted its holdings in shares of Emerson Electric by 57,336.1% during the 3rd quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company’s stock valued at $131,918,000 after buying an additional 1,204,058 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of EMR stock opened at $126.78 on Monday. The stock’s fifty day simple moving average is $111.14 and its 200 day simple moving average is $110.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The firm has a market cap of $72.29 billion, a price-to-earnings ratio of 37.07, a P/E/G ratio of 2.13 and a beta of 1.30. Emerson Electric Co. has a one year low of $87.17 and a one year high of $131.56.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a $0.5275 dividend. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 annualized dividend and a yield of 1.66%. Emerson Electric’s payout ratio is currently 61.40%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on EMR shares. JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. Wells Fargo & Company raised their price objective on Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Oppenheimer raised their price objective on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. KeyCorp raised their price objective on Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada cut their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.00.

Insiders Place Their Bets

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the transaction, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.25% of the company’s stock.

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.