Mutual of America Capital Management LLC Lowers Holdings in Emerson Electric Co. $EMR

Mutual of America Capital Management LLC lowered its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,522 shares of the industrial products company’s stock after selling 1,066 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Emerson Electric were worth $8,603,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Saudi Central Bank purchased a new position in Emerson Electric during the first quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Emerson Electric during the first quarter worth approximately $27,000. Inlight Wealth Management LLC purchased a new position in Emerson Electric during the first quarter worth approximately $28,000. Fourth Dimension Wealth LLC boosted its position in Emerson Electric by 145.3% during the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 154 shares in the last quarter. Finally, PFS Partners LLC boosted its position in Emerson Electric by 65.9% during the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

NYSE:EMR opened at $130.32 on Tuesday. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The stock has a market cap of $73.34 billion, a PE ratio of 28.02, a P/E/G ratio of 2.24 and a beta of 1.29. The stock has a 50 day moving average price of $131.90 and a 200 day moving average price of $126.32.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The firm had revenue of $3.16 billion during the quarter. Equities research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 45.38%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EMR. JPMorgan Chase & Co. increased their price target on Emerson Electric from $135.00 to $151.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 15th. Citigroup increased their target price on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a report on Monday, July 14th. TD Cowen raised Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Finally, Stephens increased their target price on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.28.

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.