Emerson Electric Company (EMR) Shares Bought by Global X MANAGEMENT CO LLC

Global X MANAGEMENT CO LLC lifted its stake in shares of Emerson Electric Company (NYSE:EMR) by 23.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,802 shares of the industrial products company’s stock after purchasing an additional 6,241 shares during the quarter. Global X MANAGEMENT CO LLC’s holdings in Emerson Electric were worth $2,061,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Emerson Electric by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 44,195,877 shares of the industrial products company’s stock worth $2,634,958,000 after acquiring an additional 497,625 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Emerson Electric by 1.9% in the 2nd quarter. BlackRock Inc. now owns 40,954,867 shares of the industrial products company’s stock worth $2,441,728,000 after acquiring an additional 778,791 shares during the last quarter. Longview Partners Guernsey LTD raised its holdings in shares of Emerson Electric by 9.0% in the 3rd quarter. Longview Partners Guernsey LTD now owns 13,758,325 shares of the industrial products company’s stock worth $864,573,000 after acquiring an additional 1,134,275 shares during the last quarter. Capital World Investors raised its holdings in shares of Emerson Electric by 4.6% in the 2nd quarter. Capital World Investors now owns 11,450,000 shares of the industrial products company’s stock worth $682,649,000 after acquiring an additional 500,000 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Emerson Electric by 4.3% in the 2nd quarter. Wells Fargo & Company MN now owns 10,532,262 shares of the industrial products company’s stock worth $627,933,000 after acquiring an additional 432,753 shares during the last quarter. 68.83% of the stock is currently owned by institutional investors.

In other news, VP Frank J. Dellaquila sold 2,100 shares of the stock in a transaction that occurred on 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 transaction, the vice president now directly owns 178,743 shares of the company’s stock, valued at approximately $11,577,184.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Edgar M. Purvis, Jr. sold 9,490 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $65.74, for a total transaction of $623,872.60. Following the transaction, the chief operating officer now directly owns 168,984 shares of the company’s stock, valued at $11,109,008.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,017 shares of company stock valued at $1,771,129. Company insiders own 0.79% of the company’s stock.

EMR has been the topic of a number of analyst reports. Edward Jones lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Wells Fargo & Co restated a “market perform” rating and issued a $65.00 target price (up previously from $60.00) on shares of Emerson Electric in a report on Wednesday, November 8th. Stifel Nicolaus restated a “buy” rating on shares of Emerson Electric in a report on Thursday, October 12th. Bank of America upgraded shares of Emerson Electric from a “neutral” rating to a “buy” rating and upped their target price for the stock from $64.44 to $79.00 in a report on Tuesday, October 17th. Finally, Zacks Investment Research lowered shares of Emerson Electric from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $65.86.

Shares of Emerson Electric Company (NYSE:EMR) opened at $69.66 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 1.30. The company has a market cap of $44,436.25, a PE ratio of 29.64, a price-to-earnings-growth ratio of 3.12 and a beta of 1.24. Emerson Electric Company has a one year low of $55.40 and a one year high of $69.84.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, meeting the Thomson Reuters’ 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% on a year-over-year basis. During the same quarter last year, the business posted $0.74 EPS. equities research analysts forecast that Emerson Electric Company will post 2.92 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Friday, November 17th were paid a $0.485 dividend. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, November 16th. This represents a $1.94 annualized dividend and a yield of 2.78%. Emerson Electric’s dividend payout ratio (DPR) is 82.55%.

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About Emerson Electric

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.

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

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