Columbia Partners L L C Investment Management increased its stake in shares of Emerson Electric Company (NYSE:EMR) by 11.8% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 48,184 shares of the industrial products company’s stock after buying an additional 5,084 shares during the period. Columbia Partners L L C Investment Management’s holdings in Emerson Electric were worth $2,884,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of EMR. Guardian Life Insurance Co. of America raised its stake in 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. CAPROCK Group Inc. raised its stake in Emerson Electric by 0.8% in the first quarter. CAPROCK Group Inc. now owns 4,689 shares of the industrial products company’s stock valued at $281,000 after buying an additional 37 shares in the last quarter. Cadence Bank NA raised its stake in Emerson Electric by 0.3% in the first 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 raised its stake in Emerson Electric by 0.4% in the first 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, ZWJ Investment Counsel Inc. raised its stake in Emerson Electric by 1.3% in the first quarter. ZWJ Investment Counsel Inc. now owns 4,030 shares of the industrial products company’s stock valued at $241,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 69.42% of the company’s stock.

Emerson Electric Company (EMR) remained flat at $58.29 during midday trading on Friday. The company had a trading volume of 861,588 shares. The company has a market capitalization of $37.31 billion, a PE ratio of 26.01 and a beta of 1.20. Emerson Electric Company has a 52 week low of $49.22 and a 52 week high of $64.36. The company’s 50-day moving average is $59.86 and its 200-day moving average is $59.82.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share 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 firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same quarter in the previous year, the firm posted $0.68 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis. Analysts anticipate that Emerson Electric Company will post $2.61 EPS 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 $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Wednesday, August 9th. Emerson Electric’s payout ratio is currently 85.33%.

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Several research firms recently commented on EMR. Stifel Nicolaus reissued a “buy” rating and set a $67.00 target price (up from $65.00) on shares of Emerson Electric in a research note on Monday, May 15th. Cowen and Company reissued a “hold” rating and set a $62.00 target price on shares of Emerson Electric in a research note on Tuesday, May 2nd. Royal Bank Of Canada reissued a “hold” rating and set a $62.00 target price on shares of Emerson Electric in a research note on Tuesday, June 6th. TheStreet raised shares of Emerson Electric from a “c+” rating to a “b” rating in a research note on Thursday, May 4th. Finally, BidaskClub lowered shares of Emerson Electric from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the stock. The company presently 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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