Emerson Electric Co. (EMR) Holdings Trimmed by Meyer Handelman Co.

Meyer Handelman Co. reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 3.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 132,220 shares of the industrial products company’s stock after selling 5,000 shares during the quarter. Meyer Handelman Co.’s holdings in Emerson Electric were worth $10,125,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Bank of America Corp DE grew its position in Emerson Electric by 1.8% during the second quarter. Bank of America Corp DE now owns 23,145,471 shares of the industrial products company’s stock worth $1,600,277,000 after buying an additional 417,445 shares during the period. Northern Trust Corp grew its position in Emerson Electric by 0.9% during the second quarter. Northern Trust Corp now owns 9,540,319 shares of the industrial products company’s stock worth $659,617,000 after buying an additional 80,807 shares during the period. American Century Companies Inc. grew its position in Emerson Electric by 1.1% during the second quarter. American Century Companies Inc. now owns 4,594,851 shares of the industrial products company’s stock worth $317,688,000 after buying an additional 51,585 shares during the period. Schwab Charles Investment Management Inc. grew its position in Emerson Electric by 1.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 4,168,307 shares of the industrial products company’s stock worth $288,197,000 after buying an additional 62,727 shares during the period. Finally, FMR LLC grew its position in Emerson Electric by 22.2% during the second quarter. FMR LLC now owns 3,430,748 shares of the industrial products company’s stock worth $237,202,000 after buying an additional 622,701 shares during the period. Institutional investors own 70.33% of the company’s stock.

In related news, VP Steven J. Pelch sold 6,409 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $74.24, for a total transaction of $475,804.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Edward L. Monser sold 60,000 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $76.10, for a total transaction of $4,566,000.00. Following the sale, the president now owns 176,477 shares in the company, valued at approximately $13,429,899.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 96,409 shares of company stock worth $7,317,004. 0.79% of the stock is owned by company insiders.

Several research analysts have weighed in on EMR shares. Barclays upped their target price on shares of Emerson Electric from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, September 24th. Zacks Investment Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Monday, August 6th. Gordon Haskett started coverage on shares of Emerson Electric in a research report on Friday, October 12th. They set a “buy” rating on the stock. Bank of America upped their target price on shares of Emerson Electric from $82.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, October 4th. Finally, Morgan Stanley began coverage on shares of Emerson Electric in a research report on Monday, August 20th. They set an “overweight” rating and a $85.00 target price on the stock. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $78.30.

EMR stock opened at $68.49 on Friday. The company has a market capitalization of $43.91 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 2.11 and a beta of 1.20. Emerson Electric Co. has a 12 month low of $57.47 and a 12 month high of $79.70. The company has a current ratio of 1.07, a quick ratio of 0.97 and a debt-to-equity ratio of 0.35.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, November 6th. The industrial products company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.03). The business had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.91 billion. Emerson Electric had a net margin of 12.65% and a return on equity of 23.06%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.83 earnings per share. Equities analysts anticipate that Emerson Electric Co. will post 3.69 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 16th will be given a dividend of $0.49 per share. The ex-dividend date is Thursday, November 15th. This represents a $1.96 dividend on an annualized basis and a yield of 2.86%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.49. Emerson Electric’s dividend payout ratio (DPR) is 57.40%.

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About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

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

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