Lmcg Investments LLC Sells 239 Shares of Emerson Electric Co. (NYSE:EMR)

Lmcg Investments LLC cut its holdings in Emerson Electric Co. (NYSE:EMR) by 0.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 111,691 shares of the industrial products company’s stock after selling 239 shares during the quarter. Lmcg Investments LLC’s holdings in Emerson Electric were worth $12,304,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. American National Bank & Trust Co. VA acquired a new stake in shares of Emerson Electric during the first quarter worth $1,011,000. Exencial Wealth Advisors LLC grew its position in shares of Emerson Electric by 17.6% during the 4th quarter. Exencial Wealth Advisors LLC now owns 49,112 shares of the industrial products company’s stock worth $4,780,000 after buying an additional 7,358 shares during the period. SG Americas Securities LLC increased its stake in shares of Emerson Electric by 183.6% in the 1st quarter. SG Americas Securities LLC now owns 81,875 shares of the industrial products company’s stock valued at $9,286,000 after acquiring an additional 53,003 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new stake in shares of Emerson Electric in the 1st quarter valued at approximately $1,047,000. Finally, Farther Finance Advisors LLC boosted its stake in Emerson Electric by 55.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock worth $931,000 after acquiring an additional 3,060 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EMR. Morgan Stanley assumed coverage on shares of Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price on the stock. Wells Fargo & Company dropped their price objective on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Robert W. Baird boosted their target price on Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Royal Bank of Canada dropped their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $124.29.

Emerson Electric Stock Performance

Shares of EMR opened at $102.30 on Tuesday. The stock has a market capitalization of $58.53 billion, a price-to-earnings ratio of 5.47, a PEG ratio of 1.66 and a beta of 1.30. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53. The firm has a fifty day simple moving average of $107.66 and a 200 day simple moving average of $109.57. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27.

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

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is 11.24%.

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.