Jackson Square Capital LLC Has $301,000 Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Jackson Square Capital LLC cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 35.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,748 shares of the industrial products company’s stock after selling 1,537 shares during the period. Jackson Square Capital LLC’s holdings in Emerson Electric were worth $301,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Newport Trust Company LLC acquired a new position in Emerson Electric during the second quarter valued at $574,908,000. Legal & General Group Plc raised its position in Emerson Electric by 5.2% during the second quarter. Legal & General Group Plc now owns 4,510,496 shares of the industrial products company’s stock valued at $496,877,000 after buying an additional 224,784 shares during the period. Van ECK Associates Corp raised its position in Emerson Electric by 107.2% during the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after buying an additional 2,016,075 shares during the period. DekaBank Deutsche Girozentrale raised its position in Emerson Electric by 3.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,738,701 shares of the industrial products company’s stock valued at $297,653,000 after buying an additional 88,294 shares during the period. Finally, Swedbank AB raised its position in Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after buying an additional 1,424,800 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $126.86 on Thursday. The business has a 50 day moving average price of $107.50 and a 200 day moving average price of $109.05. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $127.74. The company has a market cap of $72.65 billion, a price-to-earnings ratio of 42.57, a PEG ratio of 1.68 and a beta of 1.30. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The firm had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the prior year, the company earned $1.29 EPS. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. Research analysts predict that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a $0.5275 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. This represents a $2.11 annualized dividend and a yield of 1.66%. Emerson Electric’s dividend payout ratio is 70.47%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EMR. Robert W. Baird upped their price target on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday. Royal Bank of Canada dropped their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upped their target price on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley started coverage on Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price on the stock. Finally, StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $127.65.

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.