Mercer Capital Advisers Inc. held its stake in Emerson Electric Company (NYSE:EMR) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,410 shares of the industrial products company’s stock at the close of the 2nd quarter. Mercer Capital Advisers Inc.’s holdings in Emerson Electric were worth $740,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in EMR. 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 worth $2,615,777,000 after acquiring an additional 2,404,844 shares during the last quarter. Bridgewater Associates LP bought a new stake in shares of Emerson Electric during the 1st quarter valued at $351,000. Richard C. Young & CO. LTD. grew its position in shares of Emerson Electric by 28.9% during the 1st quarter. Richard C. Young & CO. LTD. now owns 30,166 shares of the industrial products company’s stock valued at $1,806,000 after acquiring an additional 6,771 shares during the period. Lederer & Associates Investment Counsel CA grew its position in shares of Emerson Electric by 5.3% during the 2nd quarter. Lederer & Associates Investment Counsel CA now owns 37,112 shares of the industrial products company’s stock valued at $2,213,000 after acquiring an additional 1,875 shares during the period. Finally, TIAA CREF Investment Management LLC grew its position in shares of Emerson Electric by 18.4% during the 1st quarter. TIAA CREF Investment Management LLC now owns 1,299,564 shares of the industrial products company’s stock valued at $77,792,000 after acquiring an additional 201,677 shares during the period. 70.03% of the stock is owned by institutional investors and hedge funds.

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Shares of Emerson Electric Company (NYSE EMR) opened at 62.84 on Monday. The stock’s 50 day moving average is $59.86 and its 200 day moving average is $59.57. Emerson Electric Company has a 52-week low of $49.22 and a 52-week high of $64.36. The company has a market cap of $40.22 billion, a PE ratio of 28.04 and a beta of 1.21.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) 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 company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter in the prior year, the business posted $0.68 earnings per share. Emerson Electric’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities analysts forecast that Emerson Electric Company will post $2.61 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 11th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date was Wednesday, August 9th. Emerson Electric’s dividend payout ratio (DPR) is presently 85.33%.

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 transaction of $117,980.00. Following the completion of the transaction, the insider now directly owns 64,290 shares of the company’s stock, valued at approximately $3,792,467.10. The sale was disclosed in a filing with the SEC, which is available at this link. 0.79% of the stock is owned by insiders.

Several equities research analysts have recently commented on the company. Stifel Nicolaus restated a “buy” rating and issued a $68.00 price objective on shares of Emerson Electric in a research note on Wednesday, July 19th. BidaskClub upgraded Emerson Electric from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Royal Bank Of Canada reiterated a “hold” rating and set a $62.00 target price on shares of Emerson Electric in a research report on Tuesday, June 6th. JMP Securities assumed coverage on Emerson Electric in a research report on Monday, June 19th. They set an “outperform” rating and a $70.00 target price on the stock. Finally, Morgan Stanley reissued an “overweight” rating on shares of Emerson Electric in a report on Tuesday, July 11th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $60.52.

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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