Advisor Group Inc. Trims Stake in Emerson Electric Company (EMR)

Advisor Group Inc. reduced its stake in shares of Emerson Electric Company (NYSE:EMR) by 1.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 113,175 shares of the industrial products company’s stock after selling 1,821 shares during the period. Advisor Group Inc.’s holdings in Emerson Electric were worth $7,114,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new position in Emerson Electric in the 2nd quarter worth approximately $109,000. Intellectus Partners LLC boosted its holdings in Emerson Electric by 0.3% in the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock worth $125,000 after buying an additional 7 shares during the period. Mountain Capital Investment Advisors Inc bought a new position in Emerson Electric in the 2nd quarter worth approximately $129,000. AT Bancorp bought a new position in Emerson Electric in the 2nd quarter worth approximately $139,000. Finally, Harbour Capital Advisors LLC bought a new position in Emerson Electric in the 1st quarter worth approximately $147,000. 69.16% of the stock is owned by hedge funds and other institutional investors.

Shares of Emerson Electric Company (NYSE:EMR) opened at $69.53 on Wednesday. Emerson Electric Company has a 52 week low of $55.40 and a 52 week high of $69.84. The company has a quick ratio of 1.30, a current ratio of 1.64 and a debt-to-equity ratio of 0.43. The stock has a market cap of $44,487.34, a P/E ratio of 29.59, a price-to-earnings-growth ratio of 3.13 and a beta of 1.24.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Friday, November 17th were given a dividend of $0.485 per share. The ex-dividend date was Thursday, November 16th. This represents a $1.94 annualized dividend and a dividend yield of 2.79%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.48. Emerson Electric’s dividend payout ratio (DPR) is 82.55%.

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

In other news, COO Edgar M. Purvis, Jr. sold 9,490 shares of the firm’s stock in a transaction 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 sale, the chief operating officer now owns 168,984 shares in the company, valued at approximately $11,109,008.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Frank J. Dellaquila sold 2,100 shares of the firm’s stock in a transaction 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 sale, the vice president now owns 178,743 shares in the company, valued at approximately $11,577,184.11. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,017 shares of company stock worth $1,771,129. Corporate insiders own 0.84% of the company’s stock.

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Emerson Electric 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.

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

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