HM Payson & Co. Sells 2,947 Shares of Emerson Electric Company (EMR)

HM Payson & Co. reduced its position in Emerson Electric Company (NYSE:EMR) by 4.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,440 shares of the industrial products company’s stock after selling 2,947 shares during the quarter. HM Payson & Co.’s holdings in Emerson Electric were worth $4,112,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in EMR. CFO4Life Group LLC purchased a new position in Emerson Electric in the first quarter valued at about $239,000. Principal Financial Group Inc. grew its stake in Emerson Electric by 2.7% in the first quarter. Principal Financial Group Inc. now owns 958,306 shares of the industrial products company’s stock valued at $57,364,000 after purchasing an additional 24,920 shares during the last quarter. Wellington Management Group LLP grew its stake in Emerson Electric by 2.8% in the first quarter. Wellington Management Group LLP now owns 671,779 shares of the industrial products company’s stock valued at $40,213,000 after purchasing an additional 18,496 shares during the last quarter. Stratos Wealth Partners LTD. grew its stake in Emerson Electric by 6.8% in the first quarter. Stratos Wealth Partners LTD. now owns 21,756 shares of the industrial products company’s stock valued at $1,302,000 after purchasing an additional 1,383 shares during the last quarter. Finally, Systematic Financial Management LP purchased a new position in Emerson Electric in the first quarter valued at about $1,539,000. Hedge funds and other institutional investors own 68.83% of the company’s stock.

In related news, COO Edgar M. Purvis, Jr. sold 9,490 shares of Emerson Electric stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $65.74, for a total transaction of $623,872.60. Following the completion of the sale, the chief operating officer now owns 168,984 shares of the company’s stock, valued at $11,109,008.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Bell Katherine Button sold 7,518 shares of Emerson Electric stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $66.36, for a total value of $498,894.48. Following the sale, the vice president now directly owns 36,877 shares of the company’s stock, valued at approximately $2,447,157.72. The disclosure for this sale can be found here. Insiders have sold 27,017 shares of company stock valued at $1,771,129 in the last ninety days. Corporate insiders own 0.79% of the company’s stock.

EMR has been the topic of several analyst reports. Edward Jones lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Cowen upgraded Emerson Electric to a “buy” rating and set a $71.00 target price on the stock in a research note on Monday, October 23rd. Royal Bank of Canada reiterated a “neutral” rating on shares of Emerson Electric in a research note on Thursday, November 9th. Citigroup reiterated a “sell” rating and issued a $61.00 target price (up previously from $58.00) on shares of Emerson Electric in a research note on Monday, October 9th. Finally, Wells Fargo & Co restated a “market perform” rating and set a $65.00 price target (up previously from $60.00) on shares of Emerson Electric in a research note on Wednesday, November 8th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. Emerson Electric presently has an average rating of “Hold” and a consensus target price of $65.86.

Shares of Emerson Electric Company (EMR) opened at $69.66 on Monday. The company has a current ratio of 1.64, a quick ratio of 1.30 and a debt-to-equity ratio of 0.43. Emerson Electric Company has a twelve month low of $55.40 and a twelve month high of $69.84. The company has a market capitalization of $44,710.00, a PE ratio of 27.21, a P/E/G ratio of 3.12 and a beta of 1.24.

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

The company also recently announced a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Friday, November 17th were issued a dividend of $0.485 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.78%. Emerson Electric’s payout ratio is 75.78%.

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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.

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

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