San Francisco Sentry Investment Group CA grew its holdings in shares of Emerson Electric Company (NYSE:EMR) by 13.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,161 shares of the industrial products company’s stock after purchasing an additional 2,090 shares during the period. San Francisco Sentry Investment Group CA’s holdings in Emerson Electric were worth $1,083,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of EMR. Vanguard Group Inc. boosted its holdings in shares of Emerson Electric by 1.1% in the second 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 period. BlackRock Inc. boosted its holdings in shares of Emerson Electric by 1.9% in the second 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 period. Longview Partners Guernsey LTD boosted its holdings in shares of Emerson Electric by 4.4% in the second quarter. Longview Partners Guernsey LTD now owns 12,624,050 shares of the industrial products company’s stock worth $752,646,000 after buying an additional 526,712 shares during the period. Capital World Investors boosted its holdings in shares of Emerson Electric by 4.6% in the second 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 period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Emerson Electric by 4.3% in the second quarter. Wells Fargo & Company MN now owns 10,532,262 shares of the industrial products company’s stock worth $627,933,000 after buying an additional 432,753 shares during the period. Institutional investors own 69.35% of the company’s stock.

In related news, insider Robert T. Sharp sold 2,000 shares of the firm’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 transaction 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.79% of the stock is currently owned by company insiders.

Several research analysts have commented on EMR shares. Cowen Inc upgraded shares of Emerson Electric from a “market perform” rating to an “outperform” rating in a report on Tuesday, October 17th. Zacks Investment Research cut shares of Emerson Electric from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Robert W. Baird reiterated a “hold” rating and issued a $70.00 target price on shares of Emerson Electric in a report on Friday, November 10th. Royal Bank Of Canada restated a “sector perform” rating and set a $62.00 price target (up from $61.00) on shares of Emerson Electric in a report on Wednesday, August 2nd. Finally, Stifel Nicolaus restated a “buy” rating and set a $72.00 price target (up from $68.00) on shares of Emerson Electric in a report on Thursday, November 9th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $65.14.

Emerson Electric Company (EMR) opened at $61.63 on Friday. The firm has a market cap of $39,555.37, a P/E ratio of 23.89, a P/E/G ratio of 2.90 and a beta of 1.24. The company has a current ratio of 1.64, a quick ratio of 1.30 and a debt-to-equity ratio of 0.43. Emerson Electric Company has a 52-week low of $53.92 and a 52-week high of $67.79.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, meeting the consensus estimate 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 revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 earnings per share. equities analysts expect that Emerson Electric Company will post 2.91 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be given a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 3.15%. The ex-dividend date is Thursday, November 16th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.48. Emerson Electric’s dividend payout ratio (DPR) is presently 82.55%.

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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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