First Merchants Corp grew its holdings in Emerson Electric Company (NYSE:EMR) by 149.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,990 shares of the industrial products company’s stock after purchasing an additional 16,152 shares during the period. First Merchants Corp’s holdings in Emerson Electric were worth $1,696,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Intellectus Partners LLC grew its position in shares of Emerson Electric by 0.3% during the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock worth $125,000 after buying an additional 7 shares in the last quarter. RB Capital Management LLC grew its position in shares of Emerson Electric by 0.6% during the 2nd quarter. RB Capital Management LLC now owns 4,475 shares of the industrial products company’s stock worth $267,000 after buying an additional 26 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Emerson Electric by 0.5% during the 2nd quarter. Parallel Advisors LLC now owns 4,892 shares of the industrial products company’s stock worth $292,000 after buying an additional 26 shares in the last quarter. Guardian Life Insurance Co. of America grew its position in shares of Emerson Electric by 1.1% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,491 shares of the industrial products company’s stock worth $149,000 after buying an additional 28 shares in the last quarter. Finally, Busey Trust CO grew its position in shares of Emerson Electric by 0.5% during the 2nd quarter. Busey Trust CO now owns 6,834 shares of the industrial products company’s stock worth $407,000 after buying an additional 31 shares in the last quarter. Institutional investors and hedge funds own 68.83% of the company’s stock.

In other Emerson Electric news, VP Frank J. Dellaquila sold 2,100 shares of the stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total value of $136,017.00. Following the completion of the sale, the vice president now directly owns 178,743 shares in the company, valued at $11,577,184.11. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Bell Katherine Button sold 7,518 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $66.36, for a total value of $498,894.48. Following the completion of the sale, the vice president now owns 36,877 shares of the company’s stock, valued at $2,447,157.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,017 shares of company stock valued at $1,771,129. 0.79% of the stock is currently owned by company insiders.

A number of equities analysts have recently issued reports on EMR shares. Morgan Stanley reissued an “equal weight” rating and set a $67.00 price target (up previously from $64.00) on shares of Emerson Electric in a research report on Monday, October 2nd. Citigroup reissued a “sell” rating and set a $61.00 price target (up previously from $58.00) on shares of Emerson Electric in a research report on Monday, October 9th. Stifel Nicolaus reissued a “buy” rating on shares of Emerson Electric in a research report on Thursday, October 12th. Bank of America raised Emerson Electric from a “neutral” rating to a “buy” rating and increased their price target for the stock from $64.44 to $79.00 in a research report on Tuesday, October 17th. Finally, Cowen raised Emerson Electric from a “market perform” rating to an “outperform” rating in a research report on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $65.86.

Shares of Emerson Electric Company (EMR) opened at $68.36 on Tuesday. The company has a quick ratio of 1.30, a current ratio of 1.64 and a debt-to-equity ratio of 0.43. Emerson Electric Company has a 12 month low of $55.40 and a 12 month high of $68.88. The company has a market capitalization of $43,168.80, a PE ratio of 26.07, a price-to-earnings-growth ratio of 3.02 and a beta of 1.24.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, meeting analysts’ consensus estimates of $0.83. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The company had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.43 billion. During the same period last year, the business posted $0.74 earnings per share. The firm’s revenue was up 12.8% compared to the same quarter last year. equities research analysts predict that Emerson Electric Company will post 2.92 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Friday, November 17th were paid a $0.485 dividend. The ex-dividend date was Thursday, November 16th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.48. This represents a $1.94 dividend on an annualized basis and a yield of 2.84%. Emerson Electric’s dividend payout ratio (DPR) is 82.55%.

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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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