Kidder Stephen W cut its stake in Emerson Electric Company (NYSE:EMR) by 17.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,200 shares of the industrial products company’s stock after selling 3,525 shares during the period. Kidder Stephen W’s holdings in Emerson Electric were worth $1,026,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in EMR. Bollard Group LLC raised its stake in Emerson Electric by 15.6% in the first quarter. Bollard Group LLC now owns 70,246 shares of the industrial products company’s stock valued at $4,205,000 after buying an additional 9,485 shares in the last quarter. Hengehold Capital Management LLC raised its stake in Emerson Electric by 98.2% in the first quarter. Hengehold Capital Management LLC now owns 80,739 shares of the industrial products company’s stock valued at $4,833,000 after buying an additional 40,011 shares in the last quarter. Rockland Trust Co. increased its position in shares of Emerson Electric by 3.8% in the first quarter. Rockland Trust Co. now owns 83,291 shares of the industrial products company’s stock valued at $4,986,000 after buying an additional 3,033 shares during the last quarter. Oakbrook Investments LLC purchased a new position in shares of Emerson Electric during the first quarter valued at $1,835,000. Finally, West Coast Financial LLC increased its position in shares of Emerson Electric by 2.9% in the first quarter. West Coast Financial LLC now owns 54,408 shares of the industrial products company’s stock valued at $3,257,000 after buying an additional 1,540 shares during the last quarter. Institutional investors and hedge funds own 70.17% of the company’s stock.

Emerson Electric Company (NYSE EMR) opened at 58.81 on Friday. Emerson Electric Company has a 1-year low of $49.22 and a 1-year high of $64.36. The firm has a market cap of $37.64 billion, a P/E ratio of 26.24 and a beta of 1.18. The stock’s 50 day moving average is $59.51 and its 200-day moving average is $59.62.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.68. The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.99 billion. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.68 EPS. Analysts forecast 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 paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Wednesday, August 9th. Emerson Electric’s dividend payout ratio is currently 85.33%.

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EMR has been the subject of several analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a $62.00 target price (up previously from $61.00) on shares of Emerson Electric in a research note on Wednesday, August 2nd. Berenberg Bank reissued a “sell” rating and issued a $53.00 target price on shares of Emerson Electric in a research note on Friday, August 11th. JMP Securities initiated coverage on shares of Emerson Electric in a research note on Monday, June 19th. They issued an “outperform” rating and a $70.00 target price for the company. Morgan Stanley reissued an “overweight” rating on shares of Emerson Electric in a research note on Tuesday, July 11th. Finally, BidaskClub downgraded shares of Emerson Electric from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $60.52.

In related news, insider Robert T. Sharp sold 2,000 shares of the stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $58.99, for a total value of $117,980.00. Following the completion of the sale, the insider now directly owns 64,290 shares of the company’s stock, valued at approximately $3,792,467.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.79% of the stock is currently owned by corporate insiders.

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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