Hamel Associates Inc. lessened its position in Emerson Electric Co. (NYSE:EMR) by 38.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,144 shares of the industrial products company’s stock after selling 6,892 shares during the period. Hamel Associates Inc.’s holdings in Emerson Electric were worth $744,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Emerson Electric by 7.3% in the 1st quarter. BlackRock Inc. now owns 45,135,139 shares of the industrial products company’s stock valued at $3,090,402,000 after purchasing an additional 3,058,256 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Emerson Electric by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 7,394,814 shares of the industrial products company’s stock valued at $441,115,000 after buying an additional 355,369 shares during the last quarter. Jensen Investment Management Inc. raised its holdings in shares of Emerson Electric by 23.7% in the second quarter. Jensen Investment Management Inc. now owns 3,490,998 shares of the industrial products company’s stock valued at $232,919,000 after buying an additional 667,979 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Emerson Electric by 46.4% in the first quarter. American Century Companies Inc. now owns 2,708,094 shares of the industrial products company’s stock valued at $185,423,000 after buying an additional 858,733 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Emerson Electric by 0.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,620,166 shares of the industrial products company’s stock valued at $179,403,000 after buying an additional 12,106 shares during the last quarter. Institutional investors own 70.17% of the company’s stock.

A number of research analysts recently issued reports on the company. Credit Suisse Group cut their price target on Emerson Electric from $74.00 to $70.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Citigroup cut their price target on Emerson Electric from $79.00 to $77.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Zacks Investment Research cut Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price target for the company. in a report on Tuesday, July 23rd. Argus cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, Cowen reaffirmed a “buy” rating and issued a $72.00 price target on shares of Emerson Electric in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company’s stock. Emerson Electric presently has a consensus rating of “Hold” and an average price target of $72.71.

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

NYSE:EMR traded up $0.56 on Wednesday, hitting $58.54. 1,242,682 shares of the stock were exchanged, compared to its average volume of 3,445,230. The stock has a market capitalization of $35.63 billion, a price-to-earnings ratio of 17.32, a P/E/G ratio of 1.94 and a beta of 1.32. Emerson Electric Co. has a 52 week low of $55.38 and a 52 week high of $79.70. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.85 and a current ratio of 1.18. The company’s 50-day moving average price is $63.21 and its 200 day moving average price is $66.25.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.94 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.94. The firm had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.82 billion. Emerson Electric had a return on equity of 24.67% and a net margin of 12.06%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.12 EPS. As a group, equities research analysts predict that Emerson Electric Co. will post 3.64 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.49 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.96 annualized dividend and a yield of 3.35%. Emerson Electric’s dividend payout ratio is currently 57.99%.

About Emerson Electric

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.

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

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