Emerson Electric Co. (NYSE:EMR) Stock Position Raised by Keybank National Association OH

Keybank National Association OH lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 4.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 643,015 shares of the industrial products company’s stock after buying an additional 24,974 shares during the period. Keybank National Association OH owned 0.10% of Emerson Electric worth $42,902,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Middleton & Co Inc MA bought a new position in Emerson Electric in the 1st quarter worth about $214,000. Delta Asset Management LLC TN grew its position in Emerson Electric by 0.5% in the 2nd quarter. Delta Asset Management LLC TN now owns 114,619 shares of the industrial products company’s stock worth $7,647,000 after purchasing an additional 598 shares during the last quarter. DNB Asset Management AS grew its position in Emerson Electric by 4.3% in the 2nd quarter. DNB Asset Management AS now owns 127,098 shares of the industrial products company’s stock worth $8,480,000 after purchasing an additional 5,283 shares during the last quarter. Fox Run Management L.L.C. bought a new position in Emerson Electric in the 2nd quarter worth about $234,000. Finally, Sawtooth Solutions LLC grew its position in Emerson Electric by 34.7% in the 1st quarter. Sawtooth Solutions LLC now owns 7,923 shares of the industrial products company’s stock worth $542,000 after purchasing an additional 2,041 shares during the last quarter. 70.30% of the stock is owned by institutional investors and hedge funds.

In related news, insider Michael H. Train sold 12,278 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $63.80, for a total transaction of $783,336.40. Following the completion of the sale, the insider now directly owns 129,298 shares of the company’s stock, valued at $8,249,212.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Bell Katherine Button sold 4,470 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $65.00, for a total transaction of $290,550.00. Following the sale, the vice president now directly owns 18,040 shares of the company’s stock, valued at $1,172,600. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,333 shares of company stock valued at $2,583,230. Company insiders own 0.07% of the company’s stock.

Several research analysts have commented on the stock. Argus cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Tuesday. Cowen restated a “buy” rating and issued a $72.00 target price on shares of Emerson Electric in a research report on Friday. Credit Suisse Group decreased their target price on shares of Emerson Electric from $74.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Zacks Investment Research cut shares of Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 target price for the company. in a research report on Tuesday, July 23rd. Finally, Morgan Stanley decreased their target price on shares of Emerson Electric from $84.00 to $76.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $73.40.

Shares of NYSE:EMR traded up $1.76 during trading on Tuesday, reaching $60.05. The company had a trading volume of 161,397 shares, compared to its average volume of 3,165,200. The business’s fifty day moving average is $64.53. The firm has a market cap of $36.56 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 2.00 and a beta of 1.32. Emerson Electric Co. has a twelve month low of $55.38 and a twelve month high of $79.70. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.18 and a quick ratio of 0.85.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.94 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.94. The company had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.82 billion. Emerson Electric had a net margin of 12.06% and a return on equity of 24.67%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.12 EPS. On average, research analysts forecast that Emerson Electric Co. will post 3.64 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Thursday, August 15th. Emerson Electric’s dividend payout ratio is currently 57.99%.

Emerson Electric Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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

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