Klingenstein Fields & Co. LLC lowered its stake in Emerson Electric Company (NYSE:EMR) by 43.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,307 shares of the industrial products company’s stock after selling 7,990 shares during the quarter. Klingenstein Fields & Co. LLC’s holdings in Emerson Electric were worth $648,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new stake in shares of Emerson Electric in the second quarter valued at approximately $109,000. Intellectus Partners LLC raised its holdings in shares of Emerson Electric by 0.3% in the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 7 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Emerson Electric in the second quarter valued at approximately $129,000. AT Bancorp acquired a new stake in shares of Emerson Electric in the second quarter valued at approximately $139,000. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of Emerson Electric in the first quarter valued at approximately $147,000. 68.83% of the stock is currently owned by hedge funds and other institutional investors.

In other Emerson Electric news, VP Frank J. Dellaquila sold 2,100 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total value of $136,017.00. Following the transaction, the vice president now directly owns 178,743 shares in the company, valued at $11,577,184.11. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Bell Katherine Button sold 7,909 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $64.78, for a total transaction of $512,345.02. Following the completion of the transaction, the vice president now owns 44,628 shares in the company, valued at $2,891,001.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,017 shares of company stock worth $1,771,129. Corporate insiders own 0.79% of the company’s stock.

A number of analysts have recently issued reports on the stock. Cowen reiterated a “buy” rating and issued a $72.00 price objective on shares of Emerson Electric in a report on Wednesday. Stifel Nicolaus restated a “buy” rating and set a $75.00 target price on shares of Emerson Electric in a report on Monday, December 11th. Goldman Sachs Group restated a “neutral” rating and set a $66.00 target price on shares of Emerson Electric in a report on Friday, December 8th. J P Morgan Chase & Co initiated coverage on shares of Emerson Electric in a report on Wednesday, November 29th. They set a “neutral” rating on the stock. Finally, Citigroup set a $61.00 target price on shares of Emerson Electric and gave the stock a “sell” rating in a report on Tuesday, November 28th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $65.86.

Emerson Electric Company (EMR) opened at $68.96 on Thursday. Emerson Electric Company has a fifty-two week low of $55.40 and a fifty-two week high of $69.74. The company has a market cap of $43,772.07, a price-to-earnings ratio of 26.57, a price-to-earnings-growth ratio of 3.08 and a beta of 1.24. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 1.30.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, meeting the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $4.43 billion. During the same period in the previous year, the company earned $0.74 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. equities research analysts predict that Emerson Electric Company will post 2.92 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Friday, November 17th were issued a $0.485 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. This represents a $1.94 annualized dividend and a dividend yield of 2.81%. The ex-dividend date was Thursday, November 16th. Emerson Electric’s payout ratio is currently 82.55%.

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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.

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

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