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

Louisiana State Employees Retirement System trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm 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.

A number of other institutional investors have also added to or reduced their stakes in EMR. CX Institutional increased its stake in Emerson Electric by 9.7% in the 3rd quarter. CX Institutional now owns 15,735 shares of the industrial products company’s stock worth $1,721,000 after acquiring an additional 1,390 shares during the last quarter. Creative Planning increased its stake in Emerson Electric by 1.5% in the 3rd quarter. Creative Planning now owns 184,707 shares of the industrial products company’s stock worth $20,201,000 after acquiring an additional 2,768 shares during the last quarter. NBC Securities Inc. increased its stake in Emerson Electric by 4.5% in the 3rd quarter. NBC Securities Inc. now owns 17,084 shares of the industrial products company’s stock worth $1,868,000 after acquiring an additional 741 shares during the last quarter. Swedbank AB increased its stake in Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after acquiring an additional 1,424,800 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC increased its stake in Emerson Electric by 7.2% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 117,864 shares of the industrial products company’s stock worth $13,069,000 after acquiring an additional 7,948 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on EMR shares. Robert W. Baird upped their target price on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. cut their price objective on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Morgan Stanley upped their price objective on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a report on Thursday, February 6th. Finally, Barclays upped their price objective on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $136.90.

Emerson Electric Trading Down 1.9 %

EMR opened at $124.45 on Thursday. The business has a 50 day simple moving average of $126.24 and a two-hundred day simple moving average of $116.95. The firm has a market capitalization of $70.88 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 2.16 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.40. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85.

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

Emerson Electric Announces Dividend

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 given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s payout ratio is 50.36%.

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.