Emerson Electric Co. $EMR Shares Sold by Logan Capital Management Inc.

Logan Capital Management Inc. lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 9.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,514 shares of the industrial products company’s stock after selling 4,276 shares during the quarter. Logan Capital Management Inc.’s holdings in Emerson Electric were worth $5,402,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nuveen LLC acquired a new stake in Emerson Electric in the 1st quarter worth approximately $737,318,000. Pacer Advisors Inc. lifted its stake in shares of Emerson Electric by 4,583.7% during the first quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company’s stock worth $239,569,000 after buying an additional 2,138,397 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Emerson Electric by 218.7% during the first quarter. Alliancebernstein L.P. now owns 2,468,732 shares of the industrial products company’s stock valued at $270,672,000 after buying an additional 1,693,999 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Emerson Electric by 19.5% in the 2nd quarter. Nordea Investment Management AB now owns 9,195,005 shares of the industrial products company’s stock valued at $1,223,947,000 after acquiring an additional 1,499,000 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in Emerson Electric by 210.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company’s stock worth $215,602,000 after acquiring an additional 1,333,839 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EMR has been the topic of a number of research reports. Wells Fargo & Company reissued an “equal weight” rating and issued a $140.00 price objective (down from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. JPMorgan Chase & Co. increased their price target on shares of Emerson Electric from $135.00 to $151.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Bank of America lifted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Daiwa Capital Markets increased their price objective on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Finally, Stephens raised their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $148.28.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $134.41 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The firm’s 50 day simple moving average is $131.83 and its 200-day simple moving average is $127.51. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The stock has a market capitalization of $75.64 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 2.29 and a beta of 1.29.

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

Emerson Electric Announces Dividend

The firm 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. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. Emerson Electric’s dividend payout ratio is presently 45.38%.

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.