Tredje AP fonden grew its holdings in shares of Emerson Electric Company (NYSE:EMR) by 7.4% in the third quarter, HoldingsChannel.com reports. The fund owned 53,428 shares of the industrial products company’s stock after purchasing an additional 3,680 shares during the quarter. Tredje AP fonden’s holdings in Emerson Electric were worth $3,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Intellectus Partners LLC boosted its holdings in Emerson Electric by 0.3% in the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock worth $125,000 after buying an additional 7 shares during the period. RB Capital Management LLC boosted its holdings in Emerson Electric by 0.6% in the 2nd quarter. RB Capital Management LLC now owns 4,475 shares of the industrial products company’s stock worth $267,000 after buying an additional 26 shares during the period. Parallel Advisors LLC boosted its holdings in Emerson Electric by 0.5% in the 2nd quarter. Parallel Advisors LLC now owns 4,892 shares of the industrial products company’s stock worth $292,000 after buying an additional 26 shares during the period. Busey Trust CO boosted its holdings in Emerson Electric by 0.5% in the 2nd quarter. Busey Trust CO now owns 6,834 shares of the industrial products company’s stock worth $407,000 after buying an additional 31 shares during the period. Finally, Stock Yards Bank & Trust Co. boosted its holdings in Emerson Electric by 0.6% in the 2nd quarter. Stock Yards Bank & Trust Co. now owns 6,978 shares of the industrial products company’s stock worth $416,000 after buying an additional 41 shares during the period. 69.18% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Company (EMR) opened at $72.20 on Tuesday. Emerson Electric Company has a 1-year low of $56.00 and a 1-year high of $72.47. The company has a market cap of $46,340.00, a PE ratio of 28.20, a price-to-earnings-growth ratio of 3.25 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 (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 consensus estimate of $0.83. The business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.43 billion. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The business’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 EPS. equities research analysts forecast that Emerson Electric Company will post 2.92 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Friday, November 17th were given a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 2.69%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, November 16th. Emerson Electric’s dividend payout ratio is currently 75.78%.

Several research analysts recently weighed in on EMR shares. Vertical Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Tuesday, January 2nd. Edward Jones downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Cowen raised shares of Emerson Electric to a “buy” rating and set a $71.00 price objective for the company in a report on Monday, October 23rd. Royal Bank of Canada reissued a “neutral” rating on shares of Emerson Electric in a report on Thursday, November 9th. Finally, Citigroup reissued a “sell” rating and set a $61.00 price objective (up previously from $58.00) on shares of Emerson Electric in a report on Monday, October 9th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $65.86.

In other news, VP Bell Katherine Button sold 7,909 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $64.78, for a total transaction of $512,345.02. Following the sale, the vice president now directly owns 44,628 shares in the company, valued at approximately $2,891,001.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Edgar M. Purvis, Jr. sold 9,490 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $65.74, for a total transaction of $623,872.60. Following the sale, the chief operating officer now owns 168,984 shares in the company, valued at $11,109,008.16. The disclosure for this sale can be found here. Insiders have sold a total of 27,017 shares of company stock worth $1,771,129 over the last 90 days. Corporate insiders own 0.84% of the company’s stock.

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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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