International Value Advisers LLC Has $56.74 Million Stake in Emerson Electric Company (EMR)

International Value Advisers LLC lowered its position in Emerson Electric Company (NYSE:EMR) by 0.7% in the 3rd quarter, Holdings Channel reports. The firm owned 902,968 shares of the industrial products company’s stock after selling 6,716 shares during the period. Emerson Electric comprises about 1.7% of International Value Advisers LLC’s portfolio, making the stock its 21st largest holding. International Value Advisers LLC’s holdings in Emerson Electric were worth $56,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in EMR. Harbour Capital Advisors LLC purchased a new stake in shares of Emerson Electric in the first quarter valued at about $147,000. Private Advisory Group LLC raised its holdings in shares of Emerson Electric by 17.3% in the first quarter. Private Advisory Group LLC now owns 18,064 shares of the industrial products company’s stock valued at $1,082,000 after purchasing an additional 2,659 shares during the last quarter. Covington Capital Management raised its holdings in shares of Emerson Electric by 5.4% in the first quarter. Covington Capital Management now owns 79,534 shares of the industrial products company’s stock valued at $4,761,000 after purchasing an additional 4,090 shares during the last quarter. Archford Capital Strategies LLC increased its holdings in Emerson Electric by 296.5% during the first quarter. Archford Capital Strategies LLC now owns 13,726 shares of the industrial products company’s stock worth $822,000 after buying an additional 10,264 shares during the last quarter. Finally, Meridian Wealth Management LLC increased its holdings in Emerson Electric by 11.5% during the first quarter. Meridian Wealth Management LLC now owns 4,341 shares of the industrial products company’s stock worth $260,000 after buying an additional 447 shares during the last quarter. Institutional investors own 69.18% of the company’s stock.

Emerson Electric Company (EMR) opened at $72.43 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. The firm has a market cap of $46,256.36, a PE ratio of 30.82, a price-to-earnings-growth ratio of 3.25 and a beta of 1.24. Emerson Electric Company has a 1 year low of $56.00 and a 1 year high of $72.47.

Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, hitting analysts’ consensus estimates 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 quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the business earned $0.74 earnings per share. sell-side analysts expect 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. Shareholders of record on Friday, November 17th were given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 2.68%. 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. Emerson Electric’s dividend payout ratio (DPR) is currently 82.55%.

A number of analysts recently issued reports on EMR shares. Cowen upgraded 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. Stifel Nicolaus restated a “buy” rating and set a $72.00 price objective (up previously from $68.00) on shares of Emerson Electric in a report on Thursday, November 9th. Bank of America upgraded shares of Emerson Electric from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $64.44 to $79.00 in a report on Tuesday, October 17th. Vertical Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Tuesday, January 2nd. Finally, Morgan Stanley restated an “equal weight” rating and set a $67.00 price objective (up previously from $64.00) on shares of Emerson Electric in a report on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $65.86.

In other Emerson Electric news, VP Bell Katherine Button sold 7,909 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $64.78, for a total transaction of $512,345.02. Following the completion of the transaction, the vice president now owns 44,628 shares in the company, valued at $2,891,001.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Frank J. Dellaquila sold 2,100 shares of the stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total transaction of $136,017.00. Following the transaction, the vice president now owns 178,743 shares of the company’s stock, valued at approximately $11,577,184.11. 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. Company 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.

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

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