Los Angeles Capital Management LLC Purchases 223 Shares of Emerson Electric Co. (NYSE:EMR)

Los Angeles Capital Management LLC increased its position in Emerson Electric Co. (NYSE:EMR) by 7.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,379 shares of the industrial products company’s stock after purchasing an additional 223 shares during the period. Los Angeles Capital Management LLC’s holdings in Emerson Electric were worth $419,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Stephens Consulting LLC purchased a new stake in shares of Emerson Electric in the 4th quarter worth about $25,000. Sugar Maple Asset Management LLC purchased a new stake in Emerson Electric in the fourth quarter worth about $27,000. Capital Performance Advisors LLP bought a new position in shares of Emerson Electric during the third quarter valued at approximately $25,000. YANKCOM Partnership purchased a new position in shares of Emerson Electric during the fourth quarter valued at approximately $30,000. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric in the 3rd quarter worth approximately $29,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Down 3.8 %

Emerson Electric stock opened at $116.95 on Tuesday. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85. The company has a market cap of $65.95 billion, a P/E ratio of 27.91, a P/E/G ratio of 2.49 and a beta of 1.34. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The business has a 50-day simple moving average of $124.44 and a two-hundred day simple moving average of $118.37.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be given a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.80%. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. KeyCorp lifted their price target on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Morgan Stanley increased their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. decreased their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Finally, BNP Paribas began coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $136.90.

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.