Ipswich Investment Management Co. Inc. reduced its position in Emerson Electric Company (NYSE:EMR) by 9.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,600 shares of the industrial products company’s stock after selling 2,098 shares during the period. Ipswich Investment Management Co. Inc.’s holdings in Emerson Electric were worth $1,228,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stokes & Hubbell Capital Management LLC increased its position in shares of Emerson Electric by 10.3% in the first quarter. Stokes & Hubbell Capital Management LLC now owns 9,970 shares of the industrial products company’s stock worth $597,000 after buying an additional 934 shares during the period. Gierl Augustine Investment Management Inc increased its position in shares of Emerson Electric by 7.7% in the first quarter. Gierl Augustine Investment Management Inc now owns 64,167 shares of the industrial products company’s stock worth $3,841,000 after buying an additional 4,576 shares during the period. TNB Financial purchased a new position in shares of Emerson Electric during the first quarter worth about $14,419,000. Farmers Trust Co. increased its position in shares of Emerson Electric by 9.8% in the first quarter. Farmers Trust Co. now owns 5,974 shares of the industrial products company’s stock worth $358,000 after buying an additional 535 shares during the period. Finally, First PREMIER Bank increased its position in shares of Emerson Electric by 3.2% in the first quarter. First PREMIER Bank now owns 29,717 shares of the industrial products company’s stock worth $1,779,000 after buying an additional 917 shares during the period. Hedge funds and other institutional investors own 69.06% of the company’s stock.

Shares of Emerson Electric Company (EMR) traded down 0.42% during mid-day trading on Friday, reaching $58.89. 2,802,773 shares of the company’s stock were exchanged. The firm has a market capitalization of $37.69 billion, a P/E ratio of 26.28 and a beta of 1.20. Emerson Electric Company has a one year low of $49.22 and a one year high of $64.36. The stock has a 50-day moving average of $59.83 and a 200 day moving average of $59.84.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 11th will be issued a $0.48 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $1.92 annualized dividend and a yield of 3.26%. Emerson Electric’s payout ratio is 85.33%.

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A number of brokerages have recently issued reports on EMR. JMP Securities began coverage on shares of Emerson Electric in a research report on Monday, June 19th. They issued an “outperform” rating and a $70.00 price target on the stock. Cowen and Company restated a “hold” rating and issued a $62.00 price target on shares of Emerson Electric in a research report on Tuesday, May 2nd. BidaskClub upgraded shares of Emerson Electric from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Royal Bank Of Canada restated a “sector perform” rating and issued a $62.00 price target (up previously from $61.00) on shares of Emerson Electric in a research report on Wednesday, August 2nd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $68.00 price target on shares of Emerson Electric in a research report on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the stock. Emerson Electric presently has a consensus rating of “Hold” and an average 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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