Mutual of America Capital Management LLC Sells 2,730 Shares of Emerson Electric Co. (NYSE:EMR)

Key Points

• Mutual of America Capital Management LLC reduced its stake in Emerson Electric Co. by 4.0%, selling 2,730 shares during the first quarter, resulting in total holdings of 65,588 shares valued at approximately $7.19 million.
• Emerson Electric's stock has been upgraded by several analysts, with Bank of America raising its price target from $130.00 to $155.00 and assigning a "buy" rating.
• The company announced a quarterly dividend of $0.5275 per share, yielding 1.6%, with the ex-dividend date set for August 15th.

Mutual of America Capital Management LLC cut its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 4.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,588 shares of the industrial products company's stock after selling 2,730 shares during the period. Mutual of America Capital Management LLC's holdings in Emerson Electric were worth $7,191,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of EMR. Orion Capital Management LLC bought a new position in shares of Emerson Electric during the 4th quarter worth approximately $25,000. Vega Investment Solutions bought a new stake in Emerson Electric during the fourth quarter worth $27,000. Ameriflex Group Inc. purchased a new position in Emerson Electric in the fourth quarter worth $30,000. Inlight Wealth Management LLC bought a new position in Emerson Electric in the 1st quarter valued at $28,000. Finally, Fourth Dimension Wealth LLC increased its position in shares of Emerson Electric by 145.3% during the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 154 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EMR has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Royal Bank Of Canada boosted their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Barclays upgraded shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $125.00 to $127.00 in a research note on Thursday. JPMorgan Chase & Co. upped their price objective 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 raised their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Emerson Electric presently has an average rating of "Moderate Buy" and an average target price of $142.39.

Emerson Electric Stock Down 0.9%

Shares of NYSE:EMR opened at $132.75 on Friday. The company has a market cap of $74.67 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 2.60 and a beta of 1.32. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The firm has a fifty day moving average price of $135.07 and a two-hundred day moving average price of $121.69. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.59.

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

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, August 15th. Emerson Electric's payout ratio is currently 45.38%.

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.

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