Keating Investment Counselors Inc. decreased its position in Emerson Electric Company (NYSE:EMR) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,224 shares of the industrial products company’s stock after selling 500 shares during the quarter. Keating Investment Counselors Inc.’s holdings in Emerson Electric were worth $1,862,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Emerson Electric by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock valued at $2,615,777,000 after purchasing an additional 2,404,844 shares in the last quarter. Longview Partners Guernsey LTD boosted its stake in shares of Emerson Electric by 4.4% during the 2nd quarter. Longview Partners Guernsey LTD now owns 12,624,050 shares of the industrial products company’s stock valued at $752,646,000 after purchasing an additional 526,712 shares in the last quarter. American International Group Inc. boosted its stake in shares of Emerson Electric by 0.6% during the 1st quarter. American International Group Inc. now owns 9,041,764 shares of the industrial products company’s stock valued at $541,240,000 after purchasing an additional 53,444 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Emerson Electric by 3.2% during the 2nd quarter. American Century Companies Inc. now owns 4,478,670 shares of the industrial products company’s stock valued at $267,018,000 after purchasing an additional 139,808 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in shares of Emerson Electric by 5.5% during the 2nd quarter. APG Asset Management N.V. now owns 3,537,819 shares of the industrial products company’s stock valued at $210,925,000 after purchasing an additional 185,300 shares in the last quarter. Hedge funds and other institutional investors own 70.14% of the company’s stock.

Emerson Electric Company (NYSE EMR) opened at $64.10 on Monday. The stock has a market cap of $41,025.25, a P/E ratio of 23.65, a PEG ratio of 2.91 and a beta of 1.24. Emerson Electric Company has a 52 week low of $49.38 and a 52 week high of $67.79. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.47.

Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.04. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. research analysts forecast that Emerson Electric Company will post 2.64 EPS for the current year.

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A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus reaffirmed a “buy” rating on shares of Emerson Electric in a research note on Thursday, October 12th. Cowen and Company raised shares of Emerson Electric to a “buy” rating and set a $71.00 target price on the stock in a research note on Monday, October 23rd. Zacks Investment Research raised shares of Emerson Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Citigroup Inc. reaffirmed a “sell” rating and set a $61.00 target price (up previously from $58.00) on shares of Emerson Electric in a research note on Monday, October 9th. Finally, BidaskClub lowered shares of Emerson Electric from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $62.86.

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 shares were 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 in the company, valued at $3,792,467.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.79% of the company’s stock.

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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