Emerson Electric Co. $EMR Shares Sold by Laffer Tengler Investments Inc.

Laffer Tengler Investments Inc. trimmed its position in Emerson Electric Co. (NYSE:EMR) by 33.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,303 shares of the industrial products company’s stock after selling 26,473 shares during the period. Emerson Electric accounts for approximately 1.2% of Laffer Tengler Investments Inc.’s investment portfolio, making the stock its 26th biggest holding. Laffer Tengler Investments Inc.’s holdings in Emerson Electric were worth $6,974,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vise Technologies Inc. acquired a new position in shares of Emerson Electric in the second quarter valued at about $1,791,000. Allworth Financial LP boosted its position in Emerson Electric by 12.3% in the second quarter. Allworth Financial LP now owns 23,289 shares of the industrial products company’s stock valued at $3,105,000 after buying an additional 2,550 shares during the last quarter. Addison Advisors LLC increased its holdings in Emerson Electric by 5.5% in the 2nd quarter. Addison Advisors LLC now owns 1,801 shares of the industrial products company’s stock worth $240,000 after buying an additional 94 shares during the period. Tillman Hartley LLC purchased a new position in Emerson Electric during the 2nd quarter worth approximately $208,000. Finally, Compass Capital Management Inc. acquired a new stake in Emerson Electric during the 2nd quarter valued at approximately $240,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Price Performance

NYSE:EMR opened at $129.27 on Monday. The stock has a market capitalization of $72.75 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 2.36 and a beta of 1.30. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The stock’s 50-day moving average price is $132.37 and its 200-day moving average price is $129.97.

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

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be paid a $0.555 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.22 dividend on an annualized basis and a yield of 1.7%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is 54.95%.

Emerson Electric declared that its board has initiated a stock buyback plan on Wednesday, November 5th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts have recently weighed in on EMR shares. Daiwa Capital Markets raised their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft boosted their price objective on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Barclays raised their target price on Emerson Electric from $127.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Jefferies Financial Group decreased their price target on Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $148.61.

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.