Rosenbaum Jay D. lessened its holdings in Emerson Electric Company (NYSE:EMR) by 62.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,850 shares of the industrial products company’s stock after selling 8,000 shares during the quarter. Rosenbaum Jay D.’s holdings in Emerson Electric were worth $305,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of EMR. Intellectus Partners LLC increased its position in shares of Emerson Electric by 0.3% in 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 period. RB Capital Management LLC increased its position in shares of Emerson Electric by 0.6% in the second quarter. RB Capital Management LLC now owns 4,475 shares of the industrial products company’s stock valued at $267,000 after acquiring an additional 26 shares during the period. Parallel Advisors LLC increased its position in shares of Emerson Electric by 0.5% in the second quarter. Parallel Advisors LLC now owns 4,892 shares of the industrial products company’s stock valued at $292,000 after acquiring an additional 26 shares during the period. Guardian Life Insurance Co. of America increased its position in shares of Emerson Electric by 1.1% in the first quarter. Guardian Life Insurance Co. of America now owns 2,491 shares of the industrial products company’s stock valued at $149,000 after acquiring an additional 28 shares during the period. Finally, Busey Trust CO increased its position in shares of Emerson Electric by 0.5% in the second quarter. Busey Trust CO now owns 6,834 shares of the industrial products company’s stock valued at $407,000 after acquiring an additional 31 shares during the period. Institutional investors own 68.83% of the company’s stock.

In other news, VP Bell Katherine Button sold 7,909 shares of Emerson Electric 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 sale, the vice president now owns 44,628 shares of the company’s stock, valued at approximately $2,891,001.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Edgar M. Purvis, Jr. sold 9,490 shares of Emerson Electric stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $65.74, for a total transaction of $623,872.60. Following the sale, the chief operating officer now directly owns 168,984 shares in the company, valued at approximately $11,109,008.16. The disclosure for this sale can be found here. Insiders have sold a total of 27,017 shares of company stock worth $1,771,129 in the last ninety days. Insiders own 0.79% of the company’s stock.

Shares of Emerson Electric Company (NYSE:EMR) opened at $69.66 on Friday. The firm has a market cap of $44,436.25, a PE ratio of 29.64, a PEG ratio of 3.12 and a beta of 1.24. 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 52 week low of $55.40 and a 52 week high of $69.84.

Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.83. The firm had revenue of $4.44 billion for 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 revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.74 EPS. sell-side analysts forecast that Emerson Electric Company will post 2.92 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Friday, November 17th were paid a dividend of $0.485 per share. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.78%. Emerson Electric’s payout ratio is presently 82.55%.

EMR has been the topic of a number of analyst reports. Edward Jones cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Wells Fargo & Co restated a “market perform” rating and issued a $65.00 price objective (up previously from $60.00) on shares of Emerson Electric in a research report on Wednesday, November 8th. Stifel Nicolaus restated a “buy” rating on shares of Emerson Electric in a research report on Thursday, October 12th. Bank of America upgraded shares of Emerson Electric from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $64.44 to $79.00 in a research report on Tuesday, October 17th. Finally, Zacks Investment Research cut shares of Emerson Electric from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $65.86.

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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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