Jennison Associates LLC raised its position in shares of Emerson Electric Company (NYSE:EMR) by 12.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,586 shares of the industrial products company’s stock after purchasing an additional 6,379 shares during the period. Jennison Associates LLC’s holdings in Emerson Electric were worth $3,374,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Washington Trust Bank increased its holdings in shares of Emerson Electric by 0.4% during the 2nd quarter. Washington Trust Bank now owns 4,040 shares of the industrial products company’s stock valued at $241,000 after acquiring an additional 16 shares during the last quarter. RB Capital Management LLC increased its holdings in shares of Emerson Electric by 0.6% during the 2nd quarter. RB Capital Management LLC now owns 4,475 shares of the industrial products company’s stock valued at $267,000 after acquiring an additional 26 shares during the last quarter. Guardian Life Insurance Co. of America increased its holdings in shares of Emerson Electric by 1.1% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,491 shares of the industrial products company’s stock valued at $149,000 after acquiring an additional 28 shares during the last quarter. Busey Trust CO increased its holdings in shares of Emerson Electric by 0.5% during the 2nd quarter. Busey Trust CO now owns 6,834 shares of the industrial products company’s stock valued at $407,000 after acquiring an additional 31 shares during the last quarter. Finally, Stock Yards Bank & Trust Co. increased its holdings in shares of Emerson Electric by 0.6% during the 2nd quarter. Stock Yards Bank & Trust Co. now owns 6,978 shares of the industrial products company’s stock valued at $416,000 after acquiring an additional 41 shares during the last quarter. 70.03% of the stock is owned by institutional investors.

A number of research analysts have recently commented on EMR shares. Cowen and Company raised Emerson Electric from a “market perform” rating to an “outperform” rating in a report on Tuesday. Zacks Investment Research lowered Emerson Electric from a “hold” rating to a “sell” rating in a report on Tuesday. Royal Bank Of Canada reissued a “sector perform” rating and set a $62.00 price objective (up previously from $61.00) on shares of Emerson Electric in a report on Wednesday, August 2nd. Berenberg Bank reissued a “sell” rating and set a $53.00 price objective on shares of Emerson Electric in a report on Friday, August 11th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Emerson Electric in a report on Tuesday, July 11th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $62.17.

Shares of Emerson Electric Company (NYSE EMR) opened at 65.48 on Wednesday. Emerson Electric Company has a 12 month low of $49.38 and a 12 month high of $66.10. The firm has a 50 day moving average price of $62.04 and a 200-day moving average price of $60.08. The company has a market cap of $41.91 billion, a P/E ratio of 29.22 and a beta of 1.22.

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

In other news, insider Robert T. Sharp sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $58.99, for a total value of $117,980.00. Following the transaction, the insider now owns 64,290 shares of the company’s stock, valued at $3,792,467.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.79% of the stock is currently owned by corporate insiders.

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Emerson Electric 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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