Emerson Electric Co. (NYSE:EMR) Stock Holdings Reduced by Rampart Investment Management Company LLC

Rampart Investment Management Company LLC lowered its position in Emerson Electric Co. (NYSE:EMR) by 80.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,108 shares of the industrial products company’s stock after selling 33,059 shares during the quarter. Rampart Investment Management Company LLC’s holdings in Emerson Electric were worth $541,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Asset Management One Co. Ltd. lifted its position in shares of Emerson Electric by 8.2% in the second quarter. Asset Management One Co. Ltd. now owns 319,647 shares of the industrial products company’s stock worth $21,327,000 after buying an additional 24,161 shares during the last quarter. Evercore Wealth Management LLC lifted its position in shares of Emerson Electric by 7.2% in the second quarter. Evercore Wealth Management LLC now owns 50,730 shares of the industrial products company’s stock worth $3,385,000 after buying an additional 3,421 shares during the last quarter. O Shares Investment Advisers LLC lifted its position in shares of Emerson Electric by 6.2% in the second quarter. O Shares Investment Advisers LLC now owns 31,851 shares of the industrial products company’s stock worth $2,125,000 after buying an additional 1,853 shares during the last quarter. Bontempo Ohly Capital Mgmt LLC lifted its position in shares of Emerson Electric by 0.6% in the second quarter. Bontempo Ohly Capital Mgmt LLC now owns 38,423 shares of the industrial products company’s stock worth $2,564,000 after buying an additional 212 shares during the last quarter. Finally, Compton Capital Management Inc. RI lifted its position in shares of Emerson Electric by 9.2% in the second quarter. Compton Capital Management Inc. RI now owns 14,535 shares of the industrial products company’s stock worth $970,000 after buying an additional 1,226 shares during the last quarter. Hedge funds and other institutional investors own 70.52% of the company’s stock.

Shares of NYSE EMR traded up $0.62 during trading hours on Thursday, hitting $65.53. 130,823 shares of the company’s stock were exchanged, compared to its average volume of 2,639,969. Emerson Electric Co. has a 1-year low of $55.38 and a 1-year high of $79.70. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.18 and a quick ratio of 0.85. The stock has a market capitalization of $39.97 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 2.24 and a beta of 1.35. The company’s 50-day moving average price is $60.65 and its 200-day moving average price is $65.32.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.94 earnings per share 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 business had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter in the previous year, the firm earned $1.12 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. On average, research analysts expect that Emerson Electric Co. will post 3.64 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were given a dividend of $0.49 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.96 annualized dividend and a dividend yield of 2.99%. Emerson Electric’s dividend payout ratio is presently 57.99%.

A number of analysts have weighed in on EMR shares. Deutsche Bank reduced their price target on Emerson Electric from $74.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Citigroup reduced their price target on Emerson Electric from $79.00 to $77.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Morgan Stanley reduced their price target on Emerson Electric from $84.00 to $76.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. 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 research report on Tuesday, July 23rd. Finally, Credit Suisse Group reduced their price target on Emerson Electric from $74.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $72.29.

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.

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

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