Edge Asset Management Inc. boosted its stake in Emerson Electric Co. (NYSE:EMR) by 0.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 926,786 shares of the company’s stock after buying an additional 5,851 shares during the period. Edge Asset Management Inc. owned about 0.14% of Emerson Electric worth $48,341,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Capital One National Association boosted its stake in shares of Emerson Electric by 0.4% in the second quarter. Capital One National Association now owns 7,431 shares of the company’s stock worth $388,000 after buying an additional 27 shares during the last quarter. NEXT Financial Group Inc boosted its stake in shares of Emerson Electric by 0.6% in the second quarter. NEXT Financial Group Inc now owns 5,020 shares of the company’s stock worth $261,000 after buying an additional 31 shares during the last quarter. Maryland Capital Management boosted its stake in shares of Emerson Electric by 0.8% in the first quarter. Maryland Capital Management now owns 6,100 shares of the company’s stock worth $332,000 after buying an additional 50 shares during the last quarter. Telos Capital Management Inc. boosted its stake in shares of Emerson Electric by 1.1% in the second quarter. Telos Capital Management Inc. now owns 5,460 shares of the company’s stock worth $285,000 after buying an additional 60 shares during the last quarter. Finally, Webster Bank N. A. boosted its stake in shares of Emerson Electric by 1.5% in the first quarter. Webster Bank N. A. now owns 4,602 shares of the company’s stock worth $250,000 after buying an additional 67 shares during the last quarter. 69.40% of the stock is owned by institutional investors and hedge funds.

Shares of Emerson Electric Co. (NYSE:EMR) traded up 0.06% during trading on Wednesday, hitting $51.25. 1,013,227 shares of the company traded hands. The stock has a market cap of $32.98 billion, a price-to-earnings ratio of 18.15 and a beta of 1.23. Emerson Electric Co. has a one year low of $41.25 and a one year high of $56.82. The firm has a 50 day moving average price of $53.07 and a 200-day moving average price of $53.36.

Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, August 2nd. The company reported $0.80 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by $0.04. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.34 billion. Emerson Electric had a net margin of 8.96% and a return on equity of 24.63%. Analysts predict that Emerson Electric Co. will post $2.93 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were paid a dividend of $0.475 per share. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $1.90 annualized dividend and a yield of 3.71%. Emerson Electric’s payout ratio is 67.38%.

A number of equities research analysts have recently commented on EMR shares. Wells Fargo & Co. reaffirmed a “hold” rating and issued a $52.00 target price on shares of Emerson Electric in a report on Monday, July 18th. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Emerson Electric in a report on Wednesday, June 22nd. Deutsche Bank AG reaffirmed a “hold” rating on shares of Emerson Electric in a report on Thursday, September 15th. Morgan Stanley reaffirmed a “hold” rating and issued a $50.00 target price on shares of Emerson Electric in a report on Monday, August 29th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Emerson Electric in a report on Monday, June 27th. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $52.82.

Emerson Electric Company Profile

Emerson Electric Co is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.

5 Day Chart for NYSE:EMR

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