BlackRock Inc. Cuts Stake in Emerson Electric Co. (EMR)

BlackRock Inc. lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.3% in the third quarter, Holdings Channel reports. The institutional investor owned 39,718,120 shares of the industrial products company’s stock after selling 112,604 shares during the quarter. BlackRock Inc. owned about 0.06% of Emerson Electric worth $3,041,613,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of EMR. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Emerson Electric in the 2nd quarter worth approximately $102,000. Kaizen Advisory LLC increased its stake in shares of Emerson Electric by 151.1% in the 2nd quarter. Kaizen Advisory LLC now owns 1,539 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 926 shares in the last quarter. Tradewinds Capital Management LLC increased its stake in shares of Emerson Electric by 584.1% in the 3rd quarter. Tradewinds Capital Management LLC now owns 1,416 shares of the industrial products company’s stock valued at $108,000 after acquiring an additional 1,209 shares in the last quarter. Sun Life Financial INC increased its stake in shares of Emerson Electric by 761.6% in the 2nd quarter. Sun Life Financial INC now owns 1,706 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 1,508 shares in the last quarter. Finally, Fort L.P. bought a new stake in shares of Emerson Electric in the 2nd quarter valued at $118,000. Institutional investors own 69.93% of the company’s stock.

NYSE EMR opened at $65.81 on Friday. Emerson Electric Co. has a 1 year low of $61.56 and a 1 year high of $79.70. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 0.78. The firm has a market capitalization of $42.13 billion, a PE ratio of 19.47, a PEG ratio of 2.05 and a beta of 1.20.

Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.03). Emerson Electric had a return on equity of 23.06% and a net margin of 12.65%. The firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.91 billion. During the same quarter in the previous year, the company earned $0.83 EPS. The business’s revenue was up 10.2% compared to the same quarter last year. Analysts forecast that Emerson Electric Co. will post 3.68 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 16th will be paid a $0.49 dividend. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, November 15th. This represents a $1.96 annualized dividend and a dividend yield of 2.98%. Emerson Electric’s dividend payout ratio is presently 57.99%.

A number of analysts have commented on EMR shares. Barclays boosted their price target on shares of Emerson Electric from $85.00 to $88.00 and gave the company an “overweight” rating in a research note 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 price target for the company in a research note on Monday, August 6th. Gordon Haskett started coverage on shares of Emerson Electric in a research note on Friday, October 12th. They set a “buy” rating for the company. Bank of America boosted their price target on shares of Emerson Electric from $82.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, October 4th. Finally, Morgan Stanley started coverage on shares of Emerson Electric in a research note on Monday, August 20th. They set an “overweight” rating and a $85.00 price target for the company. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $78.39.

In other news, President Edward L. Monser sold 30,000 shares of the company’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $75.84, for a total value of $2,275,200.00. Following the completion of the sale, the president now owns 176,477 shares in the company, valued at approximately $13,384,015.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Edward L. Monser sold 60,000 shares of the company’s stock in a transaction 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 completion of the sale, the president now owns 176,477 shares of the company’s stock, valued at approximately $13,429,899.70. The disclosure for this sale can be found here. Corporate insiders own 0.79% of the company’s stock.

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Emerson Electric Company Profile

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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