Wright Investors Service Inc. Has $1.59 Million Holdings in Emerson Electric Co. (NYSE:EMR)

Wright Investors Service Inc. lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 5.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,869 shares of the industrial products company’s stock after purchasing an additional 1,232 shares during the period. Wright Investors Service Inc.’s holdings in Emerson Electric were worth $1,592,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in EMR. Garner Asset Management Corp lifted its position in Emerson Electric by 2.2% during the 1st quarter. Garner Asset Management Corp now owns 6,434 shares of the industrial products company’s stock worth $441,000 after acquiring an additional 139 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC lifted its position in Emerson Electric by 3.7% during the 1st quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 4,412 shares of the industrial products company’s stock worth $302,000 after acquiring an additional 157 shares during the last quarter. Sky Investment Group LLC lifted its position in Emerson Electric by 0.3% during the 1st quarter. Sky Investment Group LLC now owns 53,956 shares of the industrial products company’s stock worth $3,694,000 after acquiring an additional 160 shares during the last quarter. Arrow Financial Corp lifted its position in Emerson Electric by 1.9% during the 1st quarter. Arrow Financial Corp now owns 8,798 shares of the industrial products company’s stock worth $603,000 after acquiring an additional 160 shares during the last quarter. Finally, FTB Advisors Inc. lifted its position in Emerson Electric by 1.9% during the 1st quarter. FTB Advisors Inc. now owns 8,855 shares of the industrial products company’s stock worth $605,000 after acquiring an additional 167 shares during the last quarter. 70.30% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have weighed in on the stock. Morgan Stanley cut their target price on shares of Emerson Electric from $84.00 to $76.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Argus lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Tuesday. Credit Suisse Group cut their price objective on shares of Emerson Electric from $74.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Cowen reaffirmed a “buy” rating and set a $72.00 price objective on shares of Emerson Electric in a research report on Friday, August 9th. Finally, Citigroup cut their price objective on shares of Emerson Electric from $79.00 to $77.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. Emerson Electric presently has a consensus rating of “Hold” and a consensus price target of $72.71.

In related news, VP Bell Katherine Button sold 4,470 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were 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 of the company’s stock, valued at $1,172,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael H. Train sold 12,278 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $63.80, for a total transaction of $783,336.40. Following the completion of the sale, the insider now directly owns 129,298 shares in the company, valued at approximately $8,249,212.40. The disclosure for this sale can be found here. In the last three months, insiders sold 40,333 shares of company stock worth $2,583,230. 0.07% of the stock is currently owned by insiders.

Shares of EMR traded down $0.70 during trading hours on Thursday, reaching $56.44. 2,584,293 shares of the company traded hands, compared to its average volume of 3,202,078. The firm has a fifty day moving average of $64.25. The firm has a market cap of $34.94 billion, a PE ratio of 16.70, a P/E/G ratio of 1.96 and a beta of 1.32. 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 Co. has a 1-year low of $55.38 and a 1-year high of $79.70.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 16th will be paid a $0.49 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.96 dividend on an annualized basis and a yield of 3.47%. Emerson Electric’s payout ratio is currently 57.99%.

Emerson Electric 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.

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

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