Edmond DE Rothschild Holding S.A. continued to hold its position in shares of Emerson Electric Company (NYSE:EMR) during the first quarter, Holdings Channel reports. The firm owned 13,662 shares of the industrial products company’s stock at the end of the first quarter. Edmond DE Rothschild Holding S.A.’s holdings in Emerson Electric were worth $818,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. First Command Financial Services Inc. increased its stake in shares of Emerson Electric by 18.9% in the first quarter. First Command Financial Services Inc. now owns 1,935 shares of the industrial products company’s stock valued at $116,000 after buying an additional 307 shares in the last quarter. Central Bank & Trust Co. increased its stake 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 valued at $126,000 after buying an additional 500 shares in the last quarter. Guardian Life Insurance Co. of America increased its stake in shares of Emerson Electric by 1.1% in the first 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. Milestone Group Inc. bought a new stake in shares of Emerson Electric during the first quarter valued at $201,000. Finally, Wedgewood Investors Inc. PA bought a new stake in shares of Emerson Electric during the first quarter valued at $204,000. Institutional investors and hedge funds own 69.06% of the company’s stock.

Emerson Electric Company (NYSE EMR) traded down 0.22% on Friday, hitting $59.01. The stock had a trading volume of 540,786 shares. The stock has a 50-day moving average of $59.83 and a 200-day moving average of $59.83. Emerson Electric Company has a one year low of $49.22 and a one year high of $64.36. The company has a market cap of $37.77 billion, a PE ratio of 26.33 and a beta of 1.20.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 11th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Wednesday, August 9th. Emerson Electric’s dividend payout ratio is 85.33%.

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Several brokerages recently weighed in on EMR. JMP Securities began coverage on Emerson Electric in a report on Monday, June 19th. They set an “outperform” rating and a $70.00 price target for the company. Cowen and Company reaffirmed a “hold” rating and set a $62.00 price target on shares of Emerson Electric in a report on Tuesday, May 2nd. BidaskClub raised Emerson Electric from a “sell” rating to a “hold” rating in a report on Friday, June 16th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $62.00 price target (up from $61.00) on shares of Emerson Electric in a report on Wednesday, August 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $68.00 price target on shares of Emerson Electric in a report on Wednesday, July 19th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus 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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