Nationwide Fund Advisors cut its position in Emerson Electric Company (NYSE:EMR) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 337,941 shares of the industrial products company’s stock after selling 4,466 shares during the quarter. Nationwide Fund Advisors owned approximately 0.05% of Emerson Electric worth $21,236,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Harrington Investments INC bought a new stake in Emerson Electric in the 3rd quarter valued at $1,400,000. Fox Run Management L.L.C. bought a new stake in Emerson Electric in the 3rd quarter valued at $559,000. APG Asset Management N.V. boosted its holdings in Emerson Electric by 10.8% in the 3rd quarter. APG Asset Management N.V. now owns 3,921,119 shares of the industrial products company’s stock valued at $246,403,000 after purchasing an additional 383,300 shares during the period. Farmers & Merchants Investments Inc. boosted its holdings in Emerson Electric by 3.5% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 78,718 shares of the industrial products company’s stock valued at $4,947,000 after purchasing an additional 2,628 shares during the period. Finally, Kistler Tiffany Companies LLC boosted its holdings in Emerson Electric by 13.1% in the 3rd quarter. Kistler Tiffany Companies LLC now owns 7,507 shares of the industrial products company’s stock valued at $472,000 after purchasing an additional 872 shares during the period. Institutional investors and hedge funds own 69.00% of the company’s stock.

In related news, VP Frank J. Dellaquila sold 2,100 shares of Emerson Electric stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total transaction of $136,017.00. Following the completion of the transaction, the vice president now directly owns 178,743 shares of the company’s stock, valued at approximately $11,577,184.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Bell Katherine Button sold 7,909 shares of Emerson Electric stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $64.78, for a total transaction of $512,345.02. Following the transaction, the vice president now directly owns 44,628 shares of the company’s stock, valued at $2,891,001.84. The disclosure for this sale can be found here. Company insiders own 0.79% of the company’s stock.

EMR has been the subject of a number of research reports. BidaskClub downgraded shares of Emerson Electric from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Morgan Stanley reaffirmed an “equal weight” rating and set a $67.00 price objective (up from $64.00) on shares of Emerson Electric in a report on Monday, October 2nd. Citigroup reaffirmed a “sell” rating and set a $61.00 price objective (up from $58.00) on shares of Emerson Electric in a report on Monday, October 9th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Emerson Electric in a report on Thursday, October 12th. Finally, Bank of America raised shares of Emerson Electric from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $64.44 to $79.00 in a report on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $65.64.

Emerson Electric Company (NYSE:EMR) opened at $66.55 on Friday. The company has a market cap of $42,713.13, a PE ratio of 25.79, a PEG ratio of 3.13 and a beta of 1.24. Emerson Electric Company has a 1-year low of $55.40 and a 1-year high of $67.79. The company has a current ratio of 1.64, a quick ratio of 1.30 and a debt-to-equity ratio of 0.43.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be issued a dividend of $0.485 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. This represents a $1.94 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Thursday, November 16th. Emerson Electric’s dividend payout ratio (DPR) is currently 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.

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

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