Kavar Capital Partners LLC increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,389 shares of the industrial products company’s stock after buying an additional 1,225 shares during the quarter. Kavar Capital Partners LLC’s holdings in Emerson Electric were worth $2,228,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of EMR. Stephens Inc. AR increased its holdings in Emerson Electric by 5.3% during the 2nd quarter. Stephens Inc. AR now owns 97,999 shares of the industrial products company’s stock worth $6,539,000 after purchasing an additional 4,960 shares in the last quarter. TRUE Private Wealth Advisors bought a new position in shares of Emerson Electric in the second quarter valued at approximately $58,000. Sunbelt Securities Inc. grew its holdings in shares of Emerson Electric by 4.8% in the second quarter. Sunbelt Securities Inc. now owns 4,758 shares of the industrial products company’s stock valued at $317,000 after acquiring an additional 220 shares in the last quarter. Advisory Services Network LLC grew its holdings in shares of Emerson Electric by 5.2% in the second quarter. Advisory Services Network LLC now owns 16,587 shares of the industrial products company’s stock valued at $1,106,000 after acquiring an additional 818 shares in the last quarter. Finally, Coastal Investment Advisors Inc. grew its holdings in shares of Emerson Electric by 51.0% in the second quarter. Coastal Investment Advisors Inc. now owns 2,344 shares of the industrial products company’s stock valued at $156,000 after acquiring an additional 792 shares in the last quarter. 70.30% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:EMR traded down $0.76 during trading on Thursday, hitting $56.38. 290,541 shares of the company were exchanged, compared to its average volume of 3,202,078. The firm has a market cap of $34.94 billion, a P/E ratio of 16.68, a PEG ratio of 1.96 and a beta of 1.32. The firm’s 50 day moving average is $64.25. Emerson Electric Co. has a 52-week low of $55.38 and a 52-week high of $79.70. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 0.49.

Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, August 6th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.94. Emerson Electric had a return on equity of 24.67% and a net margin of 12.06%. The firm had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter in the prior year, the business posted $1.12 earnings per share. The business’s quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts anticipate that Emerson Electric Co. will post 3.64 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 16th will be given a $0.49 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.48%. Emerson Electric’s dividend payout ratio (DPR) is presently 57.99%.

In related news, VP Bell Katherine Button sold 4,470 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $65.00, for a total value of $290,550.00. Following the sale, the vice president now owns 18,040 shares in the company, valued at $1,172,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael H. Train sold 12,278 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $63.80, for a total value of $783,336.40. Following the completion of the sale, the insider now owns 129,298 shares in the company, valued at approximately $8,249,212.40. The disclosure for this sale can be found here. Insiders sold 40,333 shares of company stock worth $2,583,230 in the last quarter. 0.07% of the stock is currently owned by company insiders.

Several research firms have recently issued reports on EMR. Zacks Investment Research lowered Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 target price for the company. in a report on Tuesday, July 23rd. Morgan Stanley reduced their target price on Emerson Electric from $84.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Citigroup reduced their target price on Emerson Electric from $79.00 to $77.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Argus lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Deutsche Bank reduced their target price on Emerson Electric from $74.00 to $73.00 and set a “buy” rating for the company in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $72.71.

Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

Further Reading: Asset Allocation and Your Retirement

Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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