Baldwin Brothers Inc. MA trimmed its position in Emerson Electric Company (NYSE:EMR) by 3.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,244 shares of the industrial products company’s stock after selling 800 shares during the quarter. Baldwin Brothers Inc. MA’s holdings in Emerson Electric were worth $1,326,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. RB Capital Management LLC grew its holdings in Emerson Electric by 0.6% in the 2nd quarter. RB Capital Management LLC now owns 4,475 shares of the industrial products company’s stock valued at $267,000 after buying an additional 26 shares in the last quarter. Guardian Life Insurance Co. of America grew its holdings in Emerson Electric by 1.1% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,491 shares of the industrial products company’s stock valued at $149,000 after buying an additional 28 shares in the last quarter. Cadence Bank NA grew its holdings in Emerson Electric by 0.3% in the 1st quarter. Cadence Bank NA now owns 12,322 shares of the industrial products company’s stock valued at $738,000 after buying an additional 37 shares in the last quarter. Lourd Capital LLC grew its holdings in Emerson Electric by 0.4% in the 1st quarter. Lourd Capital LLC now owns 9,242 shares of the industrial products company’s stock valued at $553,000 after buying an additional 40 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. grew its holdings in Emerson Electric by 0.6% in the 2nd quarter. Stock Yards Bank & Trust Co. now owns 6,978 shares of the industrial products company’s stock valued at $416,000 after buying an additional 41 shares in the last quarter. 70.03% of the stock is currently owned by hedge funds and other institutional investors.

EMR has been the topic of a number of research reports. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $62.00 price objective on shares of Emerson Electric in a report on Tuesday, June 6th. BidaskClub lowered Emerson Electric from a “hold” rating to a “sell” rating in a report on Friday, June 9th. JMP Securities initiated coverage on Emerson Electric in a report on Monday, June 19th. They set an “outperform” rating and a $70.00 target price on the stock. Morgan Stanley reissued an “overweight” rating on shares of Emerson Electric in a report on Tuesday, July 11th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $68.00 target price on shares of Emerson Electric in a report on Wednesday, July 19th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. Emerson Electric currently has a consensus rating of “Hold” and a consensus target price of $60.52.

In other news, insider Robert T. Sharp sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $58.99, for a total value of $117,980.00. Following the completion of the sale, the insider now owns 64,290 shares of the company’s stock, valued at approximately $3,792,467.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.79% of the stock is currently owned by corporate insiders.

Emerson Electric Company (NYSE:EMR) traded down 0.83% during trading on Tuesday, reaching $63.08. The company’s stock had a trading volume of 1,815,768 shares. The company has a market cap of $40.37 billion, a PE ratio of 28.15 and a beta of 1.18. Emerson Electric Company has a 52-week low of $49.22 and a 52-week high of $64.36. The stock has a 50-day moving average price of $59.86 and a 200 day moving average price of $59.57.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.68. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the prior year, the business earned $0.68 EPS. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, analysts expect that Emerson Electric Company will post $2.61 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 11th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date was Wednesday, August 9th. Emerson Electric’s payout ratio is currently 85.33%.

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Emerson Electric Company Profile

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.

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

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