Chicago Capital LLC Decreases Stock Position in Emerson Electric Co. (NYSE:EMR)

Chicago Capital LLC decreased its position in shares of Emerson Electric Co. (NYSE:EMR) by 5.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,391 shares of the industrial products company’s stock after selling 1,257 shares during the period. Chicago Capital LLC’s holdings in Emerson Electric were worth $2,340,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of EMR. Transcendent Capital Group LLC bought a new position in Emerson Electric during the 1st quarter valued at about $31,000. Meeder Asset Management Inc. grew its stake in shares of Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after buying an additional 235 shares during the last quarter. Tributary Capital Management LLC purchased a new stake in shares of Emerson Electric in the first quarter worth approximately $35,000. Versant Capital Management Inc boosted its holdings in Emerson Electric by 471.9% during the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 269 shares during the period. Finally, Thompson Investment Management Inc. grew its position in Emerson Electric by 2,650.0% in the 1st quarter. Thompson Investment Management Inc. now owns 385 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 371 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Robert W. Baird upped their price target on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Royal Bank of Canada lowered their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Finally, Wells Fargo & Company dropped their price target on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.47.

Emerson Electric Price Performance

NYSE EMR opened at $110.44 on Friday. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $119.53. The firm’s fifty day simple moving average is $105.66 and its two-hundred day simple moving average is $109.18. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $63.18 billion, a P/E ratio of 5.91, a P/E/G ratio of 1.70 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. The company had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. Emerson Electric’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the business earned $1.29 EPS. Analysts forecast that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were given a $0.525 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.90%. Emerson Electric’s dividend payout ratio is currently 11.24%.

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.