Mutual of America Capital Management LLC Has $7.95 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Mutual of America Capital Management LLC decreased its holdings in Emerson Electric Co. (NYSE:EMR) by 3.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 72,176 shares of the industrial products company’s stock after selling 2,805 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Emerson Electric were worth $7,951,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in EMR. Security National Bank acquired a new position in shares of Emerson Electric in the 4th quarter valued at $29,000. Cape Investment Advisory Inc. grew its holdings in shares of Emerson Electric by 148.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 188 shares during the last quarter. Transcendent Capital Group LLC bought a new stake in shares of Emerson Electric in the 1st quarter worth about $31,000. Burkett Financial Services LLC bought a new stake in shares of Emerson Electric in the 4th quarter worth about $32,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 235 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Redburn Atlantic assumed coverage on shares of Emerson Electric in a report on Monday, July 8th. They issued a “buy” rating and a $135.00 target price on the stock. Barclays lowered their target price on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Royal Bank of Canada decreased their price objective on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $124.29.

Emerson Electric Stock Performance

Emerson Electric stock opened at $105.93 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $119.53. The company has a market cap of $60.60 billion, a PE ratio of 5.67, a PEG ratio of 1.66 and a beta of 1.30. The company’s 50-day moving average is $107.23 and its two-hundred day moving average is $109.47.

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

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were given a $0.525 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.98%. Emerson Electric’s dividend payout ratio is 11.24%.

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.