Boston Advisors LLC decreased its stake in Emerson Electric Company (NYSE:EMR) by 11.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 22,726 shares of the industrial products company’s stock after selling 2,970 shares during the period. Boston Advisors LLC’s holdings in Emerson Electric were worth $1,355,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of EMR. Vanguard Group Inc. boosted its stake in shares of Emerson Electric by 5.8% in the first quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock valued at $2,615,777,000 after buying an additional 2,404,844 shares during the period. Prudential Financial Inc. boosted its stake in shares of Emerson Electric by 135.9% in the first quarter. Prudential Financial Inc. now owns 2,963,124 shares of the industrial products company’s stock valued at $177,372,000 after buying an additional 1,706,810 shares during the period. American Century Companies Inc. boosted its stake in shares of Emerson Electric by 19.4% in the first quarter. American Century Companies Inc. now owns 4,338,862 shares of the industrial products company’s stock valued at $259,724,000 after buying an additional 705,924 shares during the period. Bank of Nova Scotia boosted its stake in shares of Emerson Electric by 3,745.5% in the first quarter. Bank of Nova Scotia now owns 561,400 shares of the industrial products company’s stock valued at $33,771,000 after buying an additional 546,801 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Emerson Electric by 28.8% in the first quarter. UBS Asset Management Americas Inc. now owns 2,418,472 shares of the industrial products company’s stock valued at $144,770,000 after buying an additional 540,927 shares during the period. 69.42% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Company (NYSE:EMR) traded up 0.93% on Friday, reaching $58.56. 1,239,543 shares of the company’s stock traded hands. Emerson Electric Company has a 52-week low of $49.22 and a 52-week high of $64.36. The stock has a market cap of $37.48 billion, a price-to-earnings ratio of 26.13 and a beta of 1.20. The company’s 50 day moving average is $59.67 and its 200-day moving average is $59.78.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.68. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.99 billion. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 earnings per share. Equities analysts expect that Emerson Electric Company will post $2.61 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 11th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date is Wednesday, August 9th. Emerson Electric’s payout ratio is 85.33%.

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EMR has been the topic of several analyst reports. TheStreet raised shares of Emerson Electric from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. Stifel Nicolaus reissued a “buy” rating and set a $67.00 price target (up from $65.00) on shares of Emerson Electric in a research report on Monday, May 15th. Zacks Investment Research cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. JMP Securities initiated coverage on shares of Emerson Electric in a research report on Monday, June 19th. They set an “outperform” rating and a $70.00 price target on the stock. Finally, Morgan Stanley reissued an “overweight” rating on shares of Emerson Electric in a research report on Tuesday, July 11th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $59.71.

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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