Fayerweather Charles cut its position in shares of Emerson Electric Company (NYSE:EMR) by 9.8% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 6,900 shares of the industrial products company’s stock after selling 750 shares during the period. Fayerweather Charles’ holdings in Emerson Electric were worth $411,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue boosted its position in Emerson Electric by 87.0% in the first quarter. State of Alaska Department of Revenue now owns 56,919 shares of the industrial products company’s stock worth $3,407,000 after buying an additional 26,474 shares during the last quarter. Rothschild Investment Corp IL boosted its position in Emerson Electric by 2.0% in the first quarter. Rothschild Investment Corp IL now owns 12,755 shares of the industrial products company’s stock worth $764,000 after buying an additional 244 shares during the last quarter. City Holding Co. boosted its position in Emerson Electric by 1.1% in the first quarter. City Holding Co. now owns 35,608 shares of the industrial products company’s stock worth $2,131,000 after buying an additional 375 shares during the last quarter. West Coast Financial LLC boosted its position in Emerson Electric by 2.9% in the first quarter. West Coast Financial LLC now owns 54,408 shares of the industrial products company’s stock worth $3,257,000 after buying an additional 1,540 shares during the last quarter. Finally, Oakbrook Investments LLC acquired a new position in Emerson Electric during the first quarter worth about $1,835,000. 70.17% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Company (NYSE EMR) traded up 0.31% on Wednesday, hitting $58.53. The stock had a trading volume of 861,303 shares. The stock has a market capitalization of $37.46 billion, a price-to-earnings ratio of 26.12 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 has a 50-day moving average price of $59.67 and a 200-day moving average price of $59.78.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.68 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 firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the prior year, the company posted $0.68 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities research analysts anticipate that Emerson Electric Company will post $2.61 earnings per share for the current fiscal year.

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Wednesday, August 9th. Emerson Electric’s payout ratio is 85.33%.

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A number of research firms have issued reports on EMR. JMP Securities began coverage on Emerson Electric in a research note on Monday, June 19th. They issued an “outperform” rating and a $70.00 target price for the company. Cowen and Company reissued a “hold” rating and issued a $62.00 target price on shares of Emerson Electric in a research note on Tuesday, May 2nd. BidaskClub raised Emerson Electric from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $62.00 target price (up from $61.00) on shares of Emerson Electric in a research note on Wednesday, August 2nd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $68.00 target price on shares of Emerson Electric in a research note on Wednesday, July 19th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. The company 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.

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

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