Laffer Tengler Investments Inc. Sells 2,931 Shares of Emerson Electric Co. $EMR

Key Points

• Laffer Tengler Investments Inc. reduced its stake in Emerson Electric Co. by 3.6%, holding a total of 78,776 shares valued at approximately $8.6 million.
• Emerson Electric recently announced a quarterly dividend of $0.5275 per share, reflecting an annualized yield of 1.6%.
• Analysts show a positive sentiment toward Emerson Electric, with a consensus rating of "Moderate Buy" and a price target of $142.39.

Laffer Tengler Investments Inc. reduced its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 3.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,776 shares of the industrial products company's stock after selling 2,931 shares during the quarter. Emerson Electric comprises 1.8% of Laffer Tengler Investments Inc.'s portfolio, making the stock its 17th biggest position. Laffer Tengler Investments Inc.'s holdings in Emerson Electric were worth $8,637,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Orion Capital Management LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at about $25,000. Vega Investment Solutions bought a new stake in shares of Emerson Electric in the 4th quarter valued at $27,000. Ameriflex Group Inc. bought a new stake in shares of Emerson Electric in the 4th quarter valued at $30,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Emerson Electric during the first quarter worth about $27,000. Finally, Inlight Wealth Management LLC bought a new position in shares of Emerson Electric during the 1st quarter valued at about $28,000. 74.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. 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. Citigroup boosted their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Barclays raised shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. JPMorgan Chase & Co. lifted their price target on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Finally, Bank of America upped their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $142.39.

Emerson Electric Stock Performance

NYSE:EMR traded down $1.2850 during mid-day trading on Monday, hitting $132.4850. The stock had a trading volume of 2,123,215 shares, compared to its average volume of 3,160,060. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The stock has a market cap of $74.56 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 2.61 and a beta of 1.32. The company's 50 day simple moving average is $137.06 and its 200 day simple moving average is $121.85. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.01. The firm had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the business posted $1.43 earnings per share. On average, equities research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, August 15th. Emerson Electric's payout ratio is currently 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.