King Luther Capital Management Corp Sells 95,098 Shares of Emerson Electric Co. $EMR

King Luther Capital Management Corp lessened its stake in Emerson Electric Co. (NYSE:EMR) by 4.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,857,912 shares of the industrial products company’s stock after selling 95,098 shares during the period. Emerson Electric makes up about 1.2% of King Luther Capital Management Corp’s holdings, making the stock its 19th biggest holding. King Luther Capital Management Corp owned 0.33% of Emerson Electric worth $288,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in EMR. Raleigh Capital Management Inc. grew its position in Emerson Electric by 21.0% in the third quarter. Raleigh Capital Management Inc. now owns 363 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 63 shares in the last quarter. SeaCrest Wealth Management LLC raised its position in Emerson Electric by 1.1% during the third quarter. SeaCrest Wealth Management LLC now owns 5,828 shares of the industrial products company’s stock valued at $904,000 after purchasing an additional 64 shares in the last quarter. TOWER TRUST & INVESTMENT Co raised its position in Emerson Electric by 0.8% during the third quarter. TOWER TRUST & INVESTMENT Co now owns 8,238 shares of the industrial products company’s stock valued at $1,278,000 after purchasing an additional 66 shares in the last quarter. Forvis Mazars Wealth Advisors LLC lifted its stake in Emerson Electric by 0.6% during the third quarter. Forvis Mazars Wealth Advisors LLC now owns 12,044 shares of the industrial products company’s stock worth $1,868,000 after purchasing an additional 67 shares during the last quarter. Finally, Raiffeisen Bank International AG lifted its stake in Emerson Electric by 0.5% during the second quarter. Raiffeisen Bank International AG now owns 14,777 shares of the industrial products company’s stock worth $2,110,000 after purchasing an additional 68 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Down 0.2%

NYSE:EMR opened at $167.18 on Thursday. The company has a fifty day moving average of $158.89 and a 200 day moving average of $147.90. Emerson Electric Co. has a 52 week low of $122.64 and a 52 week high of $172.00. The company has a quick ratio of 0.70, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $91.72 billion, a P/E ratio of 34.98, a P/E/G ratio of 2.35 and a beta of 1.23.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, November 4th. The industrial products company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.01. The business had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.11 billion. Emerson Electric had a net margin of 14.15% and a return on equity of 18.08%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.62 EPS. On average, research analysts predict that Emerson Electric Co. will post 7.37 earnings per share for the current year.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 13th will be issued a dividend of $0.5950 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.5550. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, November 13th. Emerson Electric’s dividend payout ratio (DPR) is currently 46.44%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EMR. Citigroup increased their price objective on Emerson Electric from $182.00 to $198.00 and gave the company a “buy” rating in a research report on Thursday, November 5th. Wall Street Zen downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Saturday, November 7th. BNP Paribas Exane boosted their target price on Emerson Electric from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, November 5th. Mizuho upped their target price on Emerson Electric from $173.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, October 15th. Finally, Royal Bank Of Canada increased their price target on shares of Emerson Electric from $188.00 to $196.00 and gave the company an “outperform” rating in a research report on Thursday, November 5th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $175.38.

About Emerson Electric

Emerson Electric Co. is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software. The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.