O Shaughnessy Asset Management LLC Sells 16,231 Shares of Emerson Electric Co. (NYSE:EMR)

O Shaughnessy Asset Management LLC decreased its position in shares of Emerson Electric Co. (NYSE:EMR) by 14.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,747 shares of the industrial products company’s stock after selling 16,231 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Emerson Electric were worth $10,633,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of EMR. Tobam boosted its stake in Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 273 shares during the last quarter. Accordant Advisory Group Inc acquired a new stake in Emerson Electric during the 1st quarter worth approximately $29,000. Security National Bank acquired a new stake in Emerson Electric during the 4th quarter worth approximately $29,000. Cape Investment Advisory Inc. raised its holdings in Emerson Electric by 148.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after buying an additional 188 shares during the period. Finally, Burkett Financial Services LLC acquired a new stake in Emerson Electric during the 4th quarter worth approximately $32,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of EMR traded down $0.21 during trading hours on Tuesday, reaching $117.62. 1,403,211 shares of the company’s stock traded hands, compared to its average volume of 2,647,747. The stock has a market cap of $67.29 billion, a PE ratio of 6.28, a price-to-earnings-growth ratio of 1.97 and a beta of 1.32. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The firm’s 50 day simple moving average is $111.07 and its 200-day simple moving average is $107.69. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.11. The company had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. Emerson Electric’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period last year, the firm posted $1.09 EPS. Equities analysts expect that Emerson Electric Co. will post 5.47 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were paid a dividend of $0.525 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.79%. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.

Analyst Ratings Changes

EMR has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and raised their target price for the stock from $123.00 to $138.00 in a report on Thursday, May 9th. Citigroup lifted their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a report on Monday, April 8th. Wells Fargo & Company lifted their price objective on shares of Emerson Electric from $133.00 to $137.00 and gave the company an “overweight” rating in a report on Wednesday, June 26th. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Monday, July 15th. Finally, Redburn Atlantic started coverage on shares of Emerson Electric in a report on Monday, July 8th. They issued a “buy” rating and a $135.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $123.44.

About Emerson Electric

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.