Nwam LLC acquired a new stake in Emerson Electric Company (NYSE:EMR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,124 shares of the industrial products company’s stock, valued at approximately $247,000.

Several other hedge funds and other institutional investors have also modified their holdings of EMR. ING Groep NV raised its stake in shares of Emerson Electric Company by 46.7% in the first quarter. ING Groep NV now owns 32,913 shares of the industrial products company’s stock valued at $1,970,000 after buying an additional 10,482 shares in the last quarter. APG Asset Management N.V. raised its stake in shares of Emerson Electric Company by 17.9% in the first quarter. APG Asset Management N.V. now owns 3,352,519 shares of the industrial products company’s stock valued at $200,682,000 after buying an additional 510,160 shares in the last quarter. DT Investment Partners LLC raised its stake in shares of Emerson Electric Company by 12.4% in the first quarter. DT Investment Partners LLC now owns 18,225 shares of the industrial products company’s stock valued at $1,091,000 after buying an additional 2,009 shares in the last quarter. OLD National Bancorp IN raised its stake in shares of Emerson Electric Company by 9.1% in the first quarter. OLD National Bancorp IN now owns 79,072 shares of the industrial products company’s stock valued at $4,733,000 after buying an additional 6,585 shares in the last quarter. Finally, Welch Investments LLC raised its stake in shares of Emerson Electric Company by 4.6% in the first quarter. Welch Investments LLC now owns 70,872 shares of the industrial products company’s stock valued at $4,242,000 after buying an additional 3,090 shares in the last quarter. 69.86% of the stock is owned by institutional investors.

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

Emerson Electric Company (NYSE EMR) opened at 60.68 on Friday. The company’s 50 day moving average price is $59.22 and its 200-day moving average price is $59.03. Emerson Electric Company has a one year low of $48.45 and a one year high of $64.36. The company has a market cap of $39.11 billion, a P/E ratio of 25.92 and a beta of 1.17.

Emerson Electric Company (NYSE:EMR) last posted its quarterly earnings data on Tuesday, May 2nd. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.58. Emerson Electric Company had a return on equity of 23.37% and a net margin of 8.72%. The company had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.49 billion. During the same quarter in the previous year, the business earned $0.57 EPS. Emerson Electric Company’s revenue was down .1% compared to the same quarter last year. On average, analysts forecast that Emerson Electric Company will post $2.60 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Friday, May 12th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date was Wednesday, May 10th. Emerson Electric Company’s payout ratio is currently 81.70%.

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EMR has been the subject of several research reports. TheStreet raised Emerson Electric Company from a “c+” rating to a “b” rating in a research note on Thursday, May 4th. Zacks Investment Research lowered Emerson Electric Company from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. HSBC Holdings plc raised Emerson Electric Company from a “reduce” rating to a “hold” rating and set a $55.00 target price for the company in a research note on Friday, March 3rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $67.00 target price (up previously from $65.00) on shares of Emerson Electric Company in a research note on Monday, May 15th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $58.00 target price on shares of Emerson Electric Company in a research note on Sunday, March 12th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $55.57.

About Emerson Electric Company

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

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