Dynamic Capital Management Ltd lowered its position in shares of Emerson Electric Company (NYSE:EMR) by 69.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,659 shares of the industrial products company’s stock after selling 47,313 shares during the period. Dynamic Capital Management Ltd’s holdings in Emerson Electric were worth $1,237,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Somerset Trust Co increased its position in shares of Emerson Electric by 2.2% in the first quarter. Somerset Trust Co now owns 21,828 shares of the industrial products company’s stock worth $1,306,000 after buying an additional 474 shares in the last quarter. Benedict Financial Advisors Inc. increased its position in shares of Emerson Electric by 0.6% in the first quarter. Benedict Financial Advisors Inc. now owns 46,836 shares of the industrial products company’s stock worth $2,804,000 after buying an additional 262 shares in the last quarter. Viking Fund Management LLC increased its position in shares of Emerson Electric by 50.0% in the first quarter. Viking Fund Management LLC now owns 51,000 shares of the industrial products company’s stock worth $3,053,000 after buying an additional 17,000 shares in the last quarter. Princeton Alpha Management LP acquired a new position in shares of Emerson Electric during the first quarter worth $461,000. Finally, Central Bank & Trust Co. increased its position in shares of Emerson Electric by 31.3% in the first quarter. Central Bank & Trust Co. now owns 2,100 shares of the industrial products company’s stock worth $126,000 after buying an additional 500 shares in the last quarter. 69.06% of the stock is owned by institutional investors and hedge funds.

Shares of Emerson Electric Company (NYSE:EMR) traded down 0.12% during midday trading on Thursday, reaching $59.96. 120,809 shares of the company traded hands. Emerson Electric Company has a 1-year low of $49.22 and a 1-year high of $64.36. The company has a 50 day moving average price of $59.82 and a 200 day moving average price of $59.84. The company has a market capitalization of $38.38 billion, a PE ratio of 26.76 and a beta of 1.20.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.68. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same quarter in the prior year, the business posted $0.68 EPS. Emerson Electric’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 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 11th will be paid a dividend of $0.48 per share. The ex-dividend date is Wednesday, August 9th. This represents a $1.92 dividend on an annualized basis and a yield of 3.20%. Emerson Electric’s payout ratio is 85.33%.

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A number of equities analysts have weighed in on EMR shares. Zacks Investment Research downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. BidaskClub raised shares of Emerson Electric from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. JMP Securities started coverage on shares of Emerson Electric in a research note on Monday, June 19th. They set an “outperform” rating and a $70.00 target price for the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $62.00 target price (up previously from $61.00) on shares of Emerson Electric in a research note on Wednesday, August 2nd. Finally, Cowen and Company reaffirmed a “hold” rating and set a $62.00 target price on shares of Emerson Electric in a research note on Tuesday, April 25th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $58.14.

About Emerson Electric

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

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