Los Angeles Capital Management LLC Cuts Position in Emerson Electric Co. (NYSE:EMR)

Los Angeles Capital Management LLC cut its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 62.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,156 shares of the industrial products company's stock after selling 5,260 shares during the period. Los Angeles Capital Management LLC's holdings in Emerson Electric were worth $345,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of EMR. Capital Performance Advisors LLP purchased a new stake in shares of Emerson Electric during the 3rd quarter worth approximately $25,000. Transcendent Capital Group LLC purchased a new position in shares of Emerson Electric during the first quarter worth about $31,000. Meeder Asset Management Inc. increased its position in shares of Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company's stock worth $33,000 after purchasing an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC purchased a new stake in shares of Emerson Electric in the 3rd quarter valued at about $33,000. Finally, Versant Capital Management Inc boosted its position in shares of Emerson Electric by 471.9% in the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 269 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the firm's stock in a transaction dated 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 sale, the senior vice president now directly owns 262,408 shares of the company's stock, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

Emerson Electric Price Performance

EMR traded up $2.42 during trading on Monday, reaching $129.20. 3,399,138 shares of the stock were exchanged, compared to its average volume of 2,744,603. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. Emerson Electric Co. has a 1 year low of $87.55 and a 1 year high of $131.56. The company has a market capitalization of $73.67 billion, a price-to-earnings ratio of 37.07, a P/E/G ratio of 2.13 and a beta of 1.30. The business's 50 day moving average price is $111.14 and its two-hundred day moving average price is $110.00.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a $0.5275 dividend. This is an increase from Emerson Electric's previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Friday, November 15th. Emerson Electric's dividend payout ratio is currently 61.40%.

Analysts Set New Price Targets

EMR has been the subject of several research reports. Oppenheimer upped their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, September 26th. Morgan Stanley began coverage on shares of Emerson Electric in a research note on Friday, September 6th. They set an "underweight" rating and a $105.00 target price for the company. BNP Paribas began coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 price target on the stock. UBS Group began coverage on Emerson Electric in a research report on Wednesday, November 13th. They set a "neutral" rating and a $135.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered Emerson Electric from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Emerson Electric has an average rating of "Moderate Buy" and a consensus price target of $130.00.

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.