American International Group Inc. cut its holdings in Emerson Electric Co. (NYSE:EMR) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 460,560 shares of the industrial products company’s stock after selling 7,432 shares during the period. American International Group Inc.’s holdings in Emerson Electric were worth $31,843,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the company. People s United Financial Inc. raised its position in shares of Emerson Electric by 46.2% in the 2nd quarter. People s United Financial Inc. now owns 129,960 shares of the industrial products company’s stock worth $8,985,000 after acquiring an additional 41,055 shares in the last quarter. Brand Asset Management Group Inc. bought a new position in shares of Emerson Electric in the 2nd quarter worth about $169,000. Segall Bryant & Hamill LLC raised its position in shares of Emerson Electric by 72.7% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 98,110 shares of the industrial products company’s stock worth $6,783,000 after acquiring an additional 41,299 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Emerson Electric by 1.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,168,307 shares of the industrial products company’s stock worth $288,197,000 after acquiring an additional 62,727 shares in the last quarter. Finally, Systematic Financial Management LP raised its position in shares of Emerson Electric by 24.8% in the 2nd quarter. Systematic Financial Management LP now owns 35,947 shares of the industrial products company’s stock worth $2,485,000 after acquiring an additional 7,154 shares in the last quarter. 69.71% of the stock is owned by hedge funds and other institutional investors.

Shares of EMR opened at $74.86 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.23 and a quick ratio of 0.97. The company has a market cap of $46.42 billion, a price-to-earnings ratio of 28.36, a P/E/G ratio of 2.15 and a beta of 1.13. Emerson Electric Co. has a 52 week low of $57.47 and a 52 week high of $75.25.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, August 7th. The industrial products company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. The firm had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.47 billion. Emerson Electric had a return on equity of 22.83% and a net margin of 12.33%. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 EPS. analysts expect that Emerson Electric Co. will post 3.22 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 10th. Shareholders of record on Friday, August 17th will be issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Thursday, August 16th. Emerson Electric’s dividend payout ratio is currently 73.48%.

EMR has been the subject of a number of research analyst reports. Zacks Investment Research raised Emerson Electric from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research report on Monday, August 6th. MED raised Emerson Electric from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a research report on Thursday, July 12th. Robert W. Baird reaffirmed a “hold” rating and issued a $76.00 target price on shares of Emerson Electric in a research report on Friday, July 20th. Deutsche Bank set a $81.00 target price on Emerson Electric and gave the company a “buy” rating in a research report on Thursday, July 12th. Finally, Citigroup decreased their target price on Emerson Electric from $68.00 to $67.00 and set a “sell” rating for the company in a research report on Wednesday, May 2nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $75.39.

In other Emerson Electric news, VP Steven J. Pelch sold 6,409 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $74.24, for a total transaction of $475,804.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael H. Train sold 24,166 shares of the business’s stock in a transaction that occurred on Monday, June 18th. The stock was sold at an average price of $71.46, for a total value of $1,726,902.36. Following the sale, the insider now directly owns 121,626 shares of the company’s stock, valued at $8,691,393.96. The disclosure for this sale can be found here. Insiders own 0.84% of the company’s stock.

About Emerson Electric

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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