WINTON GROUP Ltd raised its position in shares of Emerson Electric Company (NYSE:EMR) by 525.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 246,278 shares of the industrial products company’s stock after buying an additional 206,871 shares during the period. WINTON GROUP Ltd’s holdings in Emerson Electric were worth $13,425,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. CAPROCK Group Inc. boosted its position in shares of Emerson Electric by 0.8% in the first quarter. CAPROCK Group Inc. now owns 4,689 shares of the industrial products company’s stock worth $281,000 after buying an additional 37 shares during the last quarter. Cadence Bank NA boosted its position in shares of Emerson Electric by 0.3% in the first quarter. Cadence Bank NA now owns 12,322 shares of the industrial products company’s stock worth $738,000 after buying an additional 37 shares during the last quarter. Lourd Capital LLC boosted its position in shares of Emerson Electric by 0.4% in the first quarter. Lourd Capital LLC now owns 9,242 shares of the industrial products company’s stock worth $553,000 after buying an additional 40 shares during the last quarter. ZWJ Investment Counsel Inc. boosted its position in shares of 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 worth $241,000 after buying an additional 50 shares during the last quarter. Finally, Glenview Trust Co boosted its position in shares of Emerson Electric by 0.3% in the first quarter. Glenview Trust Co now owns 19,515 shares of the industrial products company’s stock worth $1,168,000 after buying an additional 65 shares during the last quarter. 70.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Emerson Electric Company (NYSE EMR) traded up 0.10% during mid-day trading on Friday, reaching $59.10. The company’s stock had a trading volume of 728,375 shares. Emerson Electric Company has a 12 month low of $49.22 and a 12 month high of $64.36. The company’s 50-day moving average is $59.54 and its 200 day moving average is $59.66. The firm has a market cap of $37.83 billion, a price-to-earnings ratio of 26.37 and a beta of 1.20.

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

The firm 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 annualized dividend and a yield of 3.25%. The ex-dividend date is Wednesday, August 9th. Emerson Electric’s dividend payout ratio is presently 85.33%.

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A number of research analysts have recently commented on EMR shares. Zacks Investment Research cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. TheStreet upgraded Emerson Electric from a “c+” rating to a “b” rating in a research note on Thursday, May 4th. Stifel Nicolaus reiterated a “buy” rating and issued a $67.00 price target (up from $65.00) on shares of Emerson Electric in a research note on Monday, May 15th. Royal Bank Of Canada reiterated a “hold” rating and issued a $62.00 price target on shares of Emerson Electric in a research note on Tuesday, June 6th. Finally, BidaskClub cut Emerson Electric from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. Emerson Electric presently has a consensus rating of “Hold” and an average target price of $60.52.

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.

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

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