Angeles Investment Advisors LLC Sells 1,124 Shares of Emerson Electric Co. (NYSE:EMR)

Angeles Investment Advisors LLC cut its position in Emerson Electric Co. (NYSE:EMR) by 22.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,975 shares of the industrial products company’s stock after selling 1,124 shares during the period. Angeles Investment Advisors LLC’s holdings in Emerson Electric were worth $493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in EMR. Swedbank AB boosted its stake in Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after purchasing an additional 1,424,800 shares during the period. Howard Capital Management Group LLC lifted its position in shares of Emerson Electric by 10.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock valued at $205,000 after acquiring an additional 180 shares during the period. Quest Partners LLC lifted its position in shares of Emerson Electric by 664.7% during the 3rd quarter. Quest Partners LLC now owns 3,357 shares of the industrial products company’s stock valued at $367,000 after acquiring an additional 2,918 shares during the period. Intech Investment Management LLC lifted its position in shares of Emerson Electric by 7.2% during the 3rd quarter. Intech Investment Management LLC now owns 25,373 shares of the industrial products company’s stock valued at $2,775,000 after acquiring an additional 1,696 shares during the period. Finally, LPL Financial LLC lifted its position in shares of Emerson Electric by 3.3% during the 3rd quarter. LPL Financial LLC now owns 833,171 shares of the industrial products company’s stock valued at $91,124,000 after acquiring an additional 26,505 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of recent analyst reports. Barclays downgraded Emerson Electric from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $135.00 to $110.00 in a research report on Monday, March 10th. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. KeyCorp upped their target price on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Jefferies Financial Group assumed coverage on Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 price target for the company. Finally, Wells Fargo & Company boosted their price target on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $136.22.

Emerson Electric Price Performance

Shares of EMR opened at $112.92 on Monday. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. The business has a 50-day simple moving average of $121.60 and a two-hundred day simple moving average of $119.27. 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 stock has a market cap of $63.67 billion, a PE ratio of 26.95, a PEG ratio of 2.49 and a beta of 1.36.

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

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.87%. Emerson Electric’s payout ratio is 50.36%.

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.