Ingalls & Snyder LLC Decreases Holdings in Emerson Electric Company (EMR)

Ingalls & Snyder LLC reduced its position in shares of Emerson Electric Company (NYSE:EMR) by 2.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 265,652 shares of the industrial products company’s stock after selling 6,867 shares during the quarter. Ingalls & Snyder LLC’s holdings in Emerson Electric were worth $16,694,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EMR. Midwest Investment Management LLC bought a new position in Emerson Electric during the 1st quarter valued at $208,000. Tredje AP fonden lifted its position in shares of Emerson Electric by 2.8% during the 1st quarter. Tredje AP fonden now owns 50,208 shares of the industrial products company’s stock valued at $3,005,000 after acquiring an additional 1,373 shares during the last quarter. Westpac Banking Corp lifted its position in shares of Emerson Electric by 16.0% during the 1st quarter. Westpac Banking Corp now owns 46,120 shares of the industrial products company’s stock valued at $2,508,000 after acquiring an additional 6,349 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Emerson Electric by 11.7% during the 1st quarter. Alliancebernstein L.P. now owns 1,266,393 shares of the industrial products company’s stock valued at $75,806,000 after acquiring an additional 132,891 shares during the last quarter. Finally, AXA lifted its position in shares of Emerson Electric by 21.7% during the 1st quarter. AXA now owns 454,037 shares of the industrial products company’s stock valued at $27,179,000 after acquiring an additional 81,032 shares during the last quarter. 69.00% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Company (NYSE EMR) traded up $0.05 on Thursday, hitting $64.73. The stock had a trading volume of 3,011,700 shares, compared to its average volume of 3,435,235. The stock has a market capitalization of $41,512.90, a price-to-earnings ratio of 25.07, a P/E/G ratio of 3.04 and a beta of 1.24. Emerson Electric Company has a one year low of $55.40 and a one year high of $67.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 1.30.

Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.83. The company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.43 billion. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 earnings per share. equities analysts expect that Emerson Electric Company will post 2.91 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.00%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.48. Emerson Electric’s dividend payout ratio is presently 82.55%.

In other news, VP Bell Katherine Button sold 7,909 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $64.78, for a total value of $512,345.02. Following the completion of the sale, the vice president now owns 44,628 shares in the company, valued at $2,891,001.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.79% of the stock is owned by corporate insiders.

A number of brokerages have recently commented on EMR. BidaskClub downgraded Emerson Electric from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Cowen upgraded Emerson Electric from a “market perform” rating to an “outperform” rating in a research report on Tuesday, October 17th. Zacks Investment Research upgraded Emerson Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. J P Morgan Chase & Co began coverage on Emerson Electric in a research report on Wednesday, November 29th. They set a “neutral” rating for the company. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $72.00 price objective (up previously from $68.00) on shares of Emerson Electric in a research report on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $65.14.

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Emerson Electric Company Profile

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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