First Republic Investment Management Inc. decreased its holdings in shares of Emerson Electric Company (NYSE:EMR) by 3.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 116,920 shares of the industrial products company’s stock after selling 4,733 shares during the period. First Republic Investment Management Inc.’s holdings in Emerson Electric were worth $7,348,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Emerson Electric by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 44,195,877 shares of the industrial products company’s stock worth $2,634,958,000 after buying an additional 497,625 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Emerson Electric by 1.9% during the 2nd quarter. BlackRock Inc. now owns 40,954,867 shares of the industrial products company’s stock worth $2,441,728,000 after buying an additional 778,791 shares during the last quarter. Longview Partners Guernsey LTD boosted its stake in shares of Emerson Electric by 9.0% during the 3rd quarter. Longview Partners Guernsey LTD now owns 13,758,325 shares of the industrial products company’s stock worth $864,573,000 after buying an additional 1,134,275 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Emerson Electric by 4.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 13,355,963 shares of the industrial products company’s stock worth $839,288,000 after buying an additional 597,993 shares during the last quarter. Finally, Capital World Investors boosted its stake in shares of Emerson Electric by 4.6% during the 2nd quarter. Capital World Investors now owns 11,450,000 shares of the industrial products company’s stock worth $682,649,000 after buying an additional 500,000 shares during the last quarter. Institutional investors own 69.18% of the company’s stock.

Shares of Emerson Electric Company (EMR) opened at $72.59 on Thursday. Emerson Electric Company has a 52-week low of $56.00 and a 52-week high of $72.70. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 1.30. The firm has a market cap of $46,590.00, a P/E ratio of 28.36, a price-to-earnings-growth ratio of 3.25 and a beta of 1.24.

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

Several brokerages recently issued reports on EMR. Stifel Nicolaus reiterated a “buy” rating on shares of Emerson Electric in a research note on Thursday, October 12th. Edward Jones downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Cowen upgraded shares of Emerson Electric to a “buy” rating and set a $71.00 price objective for the company in a research report on Monday, October 23rd. Zacks Investment Research upgraded shares of Emerson Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, Citigroup set a $61.00 price objective on shares of Emerson Electric and gave the stock a “sell” rating in a research report on Tuesday, November 28th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $65.86.

In related news, VP Bell Katherine Button sold 7,909 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $64.78, for a total value of $512,345.02. Following the transaction, the vice president now owns 44,628 shares in the company, valued at $2,891,001.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Edgar M. Purvis, Jr. sold 9,490 shares of Emerson Electric stock in a transaction on Friday, December 8th. The shares were sold at an average price of $65.74, for a total transaction of $623,872.60. Following the completion of the sale, the chief operating officer now directly owns 168,984 shares of the company’s stock, valued at $11,109,008.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,017 shares of company stock worth $1,771,129. 0.84% of the stock is owned by company insiders.

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Emerson Electric Company Profile

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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