Flippin Bruce & Porter Inc. Has $6.42 Million Holdings in Emerson Electric Company (EMR)

Flippin Bruce & Porter Inc. trimmed its stake in Emerson Electric Company (NYSE:EMR) by 1.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 102,235 shares of the industrial products company’s stock after selling 1,360 shares during the quarter. Flippin Bruce & Porter Inc.’s holdings in Emerson Electric were worth $6,424,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new position in shares of Emerson Electric during the second quarter valued at $109,000. Intellectus Partners LLC increased its position in Emerson Electric by 0.3% during the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 7 shares during the last quarter. Mountain Capital Investment Advisors Inc purchased a new stake in Emerson Electric during the second quarter valued at $129,000. AT Bancorp purchased a new stake in Emerson Electric during the second quarter valued at $139,000. Finally, Cable Hill Partners LLC purchased a new stake in Emerson Electric during the third quarter valued at $151,000. 69.16% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Bell Katherine Button sold 7,518 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $66.36, for a total transaction of $498,894.48. Following the completion of the transaction, the vice president now directly owns 36,877 shares of the company’s stock, valued at $2,447,157.72. The sale was disclosed in a filing with the SEC, which is available through this link. 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 value 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. Insiders have sold 27,017 shares of company stock valued at $1,771,129 in the last quarter. 0.84% of the stock is currently owned by company insiders.

A number of research firms recently commented on EMR. Cowen reiterated a “buy” rating and set a $72.00 price objective on shares of Emerson Electric in a research report on Wednesday, December 20th. Zacks Investment Research upgraded Emerson Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Stifel Nicolaus reiterated a “buy” rating and set a $75.00 price objective on shares of Emerson Electric in a research report on Monday, December 11th. Goldman Sachs Group reiterated a “neutral” rating and set a $66.00 price objective on shares of Emerson Electric in a research report on Friday, December 8th. Finally, Bank of America upgraded Emerson Electric from a “neutral” rating to a “buy” rating and upped their price objective for the company from $64.44 to $79.00 in a research report on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $65.86.

Shares of Emerson Electric Company (EMR) opened at $69.75 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.30 and a current ratio of 1.64. Emerson Electric Company has a 1 year low of $55.40 and a 1 year high of $69.84. The stock has a market capitalization of $44,770.00, a PE ratio of 27.25, a P/E/G ratio of 3.13 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 earnings per share (EPS) for the quarter, hitting the 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 analysts’ expectations of $4.43 billion. During the same quarter last year, the business posted $0.74 earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. analysts forecast that Emerson Electric Company will post 2.92 EPS for the current fiscal year.

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

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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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