Keybank National Association OH Lowers Position in Emerson Electric Company (EMR)

Keybank National Association OH trimmed its stake in shares of Emerson Electric Company (NYSE:EMR) by 2.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 694,838 shares of the industrial products company’s stock after selling 16,804 shares during the quarter. Keybank National Association OH owned 0.11% of Emerson Electric worth $43,664,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Fagan Associates Inc. raised its position in Emerson Electric by 19.3% in the 2nd quarter. Fagan Associates Inc. now owns 5,975 shares of the industrial products company’s stock worth $356,000 after purchasing an additional 968 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its position in Emerson Electric by 6.6% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,075 shares of the industrial products company’s stock worth $601,000 after purchasing an additional 620 shares during the last quarter. Andra AP fonden raised its position in Emerson Electric by 5.2% in the 2nd quarter. Andra AP fonden now owns 95,300 shares of the industrial products company’s stock worth $5,682,000 after purchasing an additional 4,700 shares during the last quarter. Lipe & Dalton raised its position in Emerson Electric by 1.3% in the 2nd quarter. Lipe & Dalton now owns 42,125 shares of the industrial products company’s stock worth $2,511,000 after purchasing an additional 560 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Emerson Electric by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock worth $2,615,777,000 after purchasing an additional 2,404,844 shares during the last quarter. 68.83% of the stock is currently owned by institutional investors.

In related news, VP Bell Katherine Button sold 7,909 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were 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 directly owns 44,628 shares in the company, valued at approximately $2,891,001.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Frank J. Dellaquila sold 2,100 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total transaction of $136,017.00. Following the completion of the sale, the vice president now owns 178,743 shares of the company’s stock, valued at $11,577,184.11. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,017 shares of company stock valued at $1,771,129. Company insiders own 0.79% of the company’s stock.

Several research analysts recently weighed in on the stock. Cowen restated a “buy” rating and issued a $72.00 price objective on shares of Emerson Electric in a research report on Wednesday. Zacks Investment Research upgraded shares of Emerson Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Stifel Nicolaus restated a “buy” rating and issued a $75.00 price objective on shares of Emerson Electric in a research report on Monday, December 11th. Goldman Sachs Group restated a “neutral” rating and issued a $66.00 price objective on shares of Emerson Electric in a research report on Friday, December 8th. Finally, Bank of America upgraded shares of Emerson Electric from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $64.44 to $79.00 in a research report on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $65.86.

Emerson Electric Company (EMR) opened at $69.58 on Friday. The firm has a market cap of $44,040.30, a price-to-earnings ratio of 26.73, a P/E/G ratio of 3.10 and a beta of 1.24. 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 Company has a one year low of $55.40 and a one year high of $69.80.

Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.83. The firm had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.43 billion. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.74 EPS. analysts predict that Emerson Electric Company will post 2.92 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Friday, November 17th were paid a $0.485 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.48. This represents a $1.94 dividend on an annualized basis and a yield of 2.79%. Emerson Electric’s dividend payout ratio is presently 82.55%.

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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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