Legato Capital Management LLC Has $1.33 Million Stake in Emerson Electric Co. (NYSE:EMR)

Legato Capital Management LLC lessened its stake in Emerson Electric Co. (NYSE:EMR) by 53.5% during the fourth quarter, Holdings Channel reports. The firm owned 10,717 shares of the industrial products company’s stock after selling 12,321 shares during the period. Legato Capital Management LLC’s holdings in Emerson Electric were worth $1,328,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. GDS Wealth Management raised its stake in shares of Emerson Electric by 2.0% during the fourth quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company’s stock valued at $491,000 after acquiring an additional 79 shares during the last quarter. Berkshire Bank increased its holdings in Emerson Electric by 3.6% during the 4th quarter. Berkshire Bank now owns 2,588 shares of the industrial products company’s stock valued at $321,000 after purchasing an additional 89 shares during the period. Grove Bank & Trust lifted its holdings in Emerson Electric by 5.4% in the 4th quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company’s stock worth $217,000 after buying an additional 90 shares during the period. Silver Lake Advisory LLC grew its position in shares of Emerson Electric by 0.4% in the 4th quarter. Silver Lake Advisory LLC now owns 24,249 shares of the industrial products company’s stock worth $3,005,000 after buying an additional 90 shares during the last quarter. Finally, Sargent Investment Group LLC increased its stake in shares of Emerson Electric by 0.5% during the fourth quarter. Sargent Investment Group LLC now owns 16,986 shares of the industrial products company’s stock valued at $2,012,000 after buying an additional 90 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on EMR. JPMorgan Chase & Co. cut their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Barclays increased their price target on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Jefferies Financial Group started coverage on Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price on the stock. Finally, Daiwa Capital Markets assumed coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.90.

Emerson Electric Stock Performance

Shares of EMR stock opened at $124.45 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.40 and a current ratio of 1.54. The company has a market capitalization of $70.88 billion, a price-to-earnings ratio of 29.70, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85. The company’s 50-day moving average is $126.24 and its 200 day moving average is $116.95.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Sell-side analysts expect that Emerson Electric Co. will post 5.95 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th 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 1.70%. The ex-dividend date is Friday, February 14th. Emerson Electric’s payout ratio is currently 50.36%.

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.