Evercore Wealth Management LLC lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 4.4% in the 3rd quarter, Holdings Channel reports. The firm owned 48,930 shares of the industrial products company’s stock after selling 2,246 shares during the period. Evercore Wealth Management LLC’s holdings in Emerson Electric were worth $3,747,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First PREMIER Bank raised its holdings in Emerson Electric by 1.9% in the 3rd quarter. First PREMIER Bank now owns 36,665 shares of the industrial products company’s stock valued at $2,807,000 after acquiring an additional 684 shares during the last quarter. Windward Capital Management Co. CA raised its holdings in Emerson Electric by 2.3% in the 3rd quarter. Windward Capital Management Co. CA now owns 31,021 shares of the industrial products company’s stock valued at $2,376,000 after acquiring an additional 688 shares during the last quarter. Truvestments Capital LLC raised its holdings in Emerson Electric by 6.4% in the 3rd quarter. Truvestments Capital LLC now owns 12,013 shares of the industrial products company’s stock valued at $920,000 after acquiring an additional 726 shares during the last quarter. Pennsylvania Trust Co raised its holdings in Emerson Electric by 0.9% in the 3rd quarter. Pennsylvania Trust Co now owns 81,167 shares of the industrial products company’s stock valued at $6,216,000 after acquiring an additional 732 shares during the last quarter. Finally, LMR Partners LLP raised its holdings in Emerson Electric by 22.8% in the 2nd quarter. LMR Partners LLP now owns 3,990 shares of the industrial products company’s stock valued at $276,000 after acquiring an additional 742 shares during the last quarter. Hedge funds and other institutional investors own 70.55% of the company’s stock.

NYSE:EMR opened at $63.79 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 0.78. The company has a market cap of $41.11 billion, a P/E ratio of 18.87, a P/E/G ratio of 2.01 and a beta of 1.21. Emerson Electric Co. has a fifty-two week low of $62.04 and a fifty-two week high of $79.70.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 16th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.07%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.49. Emerson Electric’s dividend payout ratio (DPR) is presently 57.99%.

Several analysts have recently weighed in on EMR shares. Morgan Stanley started coverage on shares of Emerson Electric in a research note on Monday, August 20th. They issued an “overweight” rating and a $85.00 price target for the company. Robert W. Baird dropped their price target on shares of Emerson Electric from $80.00 to $78.00 and set a “neutral” rating for the company in a research note on Monday, November 12th. JPMorgan Chase & Co. increased their price target on shares of Emerson Electric from $79.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday, August 10th. William Blair reissued a “market perform” rating on shares of Emerson Electric in a research note on Tuesday, November 6th. Finally, UBS Group set a $85.00 price target on shares of Emerson Electric and gave the company a “buy” rating in a research note on Thursday, November 8th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $78.39.

In related news, insider Surendralal Lanca Karsanbhai sold 9,070 shares of the stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $68.00, for a total transaction of $616,760.00. Following the completion of the transaction, the insider now owns 20,000 shares of the company’s stock, valued at approximately $1,360,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Edward L. Monser sold 60,000 shares of the stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $76.10, for a total transaction of $4,566,000.00. Following the transaction, the president now directly owns 176,477 shares of the company’s stock, valued at approximately $13,429,899.70. The disclosure for this sale can be found here. Company insiders own 0.79% of the company’s stock.

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Emerson Electric 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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