Emerson Electric Co. (EMR) Position Boosted by Fmr LLC

Fmr LLC boosted its position in Emerson Electric Co. (NYSE:EMR) by 11.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,822,068 shares of the industrial products company’s stock after buying an additional 391,320 shares during the period. Fmr LLC owned approximately 0.61% of Emerson Electric worth $292,693,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Ffcm LLC acquired a new position in shares of Emerson Electric during the third quarter valued at about $2,100,000. Bahl & Gaynor Inc. raised its holdings in shares of Emerson Electric by 0.8% during the third quarter. Bahl & Gaynor Inc. now owns 270,864 shares of the industrial products company’s stock valued at $20,743,000 after purchasing an additional 2,075 shares during the period. Wesbanco Bank Inc. raised its holdings in shares of Emerson Electric by 181.3% during the third quarter. Wesbanco Bank Inc. now owns 123,721 shares of the industrial products company’s stock valued at $9,474,000 after purchasing an additional 79,737 shares during the period. American International Group Inc. raised its holdings in shares of Emerson Electric by 2.4% during the third quarter. American International Group Inc. now owns 471,707 shares of the industrial products company’s stock valued at $36,123,000 after purchasing an additional 11,147 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its holdings in shares of Emerson Electric by 11.8% during the third quarter. Massmutual Trust Co. FSB ADV now owns 37,376 shares of the industrial products company’s stock valued at $2,862,000 after purchasing an additional 3,943 shares during the period. Institutional investors and hedge funds own 70.55% of the company’s stock.

In other Emerson Electric news, President Edward L. Monser sold 60,000 shares of the company’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $76.10, for a total value of $4,566,000.00. Following the completion of the sale, the president now directly owns 176,477 shares of the company’s stock, valued at approximately $13,429,899.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Surendralal Lanca Karsanbhai sold 9,070 shares of the company’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $68.00, for a total transaction of $616,760.00. Following the completion of the sale, the insider now directly owns 20,000 shares of the company’s stock, valued at $1,360,000. The disclosure for this sale can be found here. Insiders sold a total of 99,070 shares of company stock valued at $7,457,960 over the last ninety days. 0.84% of the stock is currently owned by insiders.

NYSE:EMR opened at $67.52 on Monday. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The stock has a market cap of $42.28 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 2.06 and a beta of 1.21. Emerson Electric Co. has a one year low of $63.54 and a one year high of $79.70.

Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, November 6th. The industrial products company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.03). The business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.91 billion. Emerson Electric had a return on equity of 23.06% and a net margin of 12.65%. The company’s revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 earnings per share. On average, equities analysts predict that Emerson Electric Co. will post 3.68 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 16th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 2.90%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, November 15th. Emerson Electric’s dividend payout ratio is presently 57.99%.

Several equities analysts have recently weighed in on EMR shares. Zacks Investment Research lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, October 5th. Deutsche Bank set a $79.00 price objective on shares of Emerson Electric and gave the company a “buy” rating in a report on Wednesday, November 7th. Credit Suisse Group started coverage on shares of Emerson Electric in a report on Friday, October 12th. They set a “neutral” rating and a $78.00 price objective on the stock. Argus upped their price objective on shares of Emerson Electric from $81.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, August 14th. Finally, Stephens initiated coverage on shares of Emerson Electric in a report on Monday, November 19th. They set an “overweight” rating and a $80.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $78.39.

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Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

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

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