HM Payson & Co. Lowers Holdings in Emerson Electric Company (NYSE:EMR)

HM Payson & Co. lowered its position in shares of Emerson Electric Company (NYSE:EMR) by 3.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,387 shares of the industrial products company’s stock after selling 2,369 shares during the period. HM Payson & Co.’s holdings in Emerson Electric were worth $4,077,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Greatmark Investment Partners Inc. lifted its holdings in shares of Emerson Electric by 0.6% in the 1st quarter. Greatmark Investment Partners Inc. now owns 77,302 shares of the industrial products company’s stock worth $4,627,000 after acquiring an additional 446 shares during the last quarter. American Century Companies Inc. raised its holdings in Emerson Electric by 19.4% during the 1st quarter. American Century Companies Inc. now owns 4,338,862 shares of the industrial products company’s stock valued at $259,724,000 after buying an additional 705,924 shares during the last quarter. Flinton Capital Management LLC raised its holdings in Emerson Electric by 23.2% during the 1st quarter. Flinton Capital Management LLC now owns 7,824 shares of the industrial products company’s stock valued at $468,000 after buying an additional 1,472 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Emerson Electric by 4.1% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 308,144 shares of the industrial products company’s stock valued at $18,470,000 after buying an additional 12,205 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in Emerson Electric by 391.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 189,700 shares of the industrial products company’s stock valued at $11,355,000 after buying an additional 151,120 shares during the last quarter. 70.04% of the stock is owned by institutional investors.

Shares of Emerson Electric Company (EMR) opened at 66.83 on Friday. The company has a market capitalization of $42.77 billion, a P/E ratio of 29.82 and a beta of 1.22. The stock’s 50 day moving average price is $63.43 and its 200 day moving average price is $60.43. Emerson Electric Company has a 52-week low of $49.38 and a 52-week high of $67.31.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. On average, equities research analysts forecast that Emerson Electric Company will post $2.61 earnings per share for the current fiscal year.

Several brokerages have commented on EMR. Stifel Nicolaus restated a “buy” rating on shares of Emerson Electric in a report on Thursday, October 12th. Cowen and Company raised shares of Emerson Electric to a “buy” rating and set a $71.00 target price on the stock in a research report on Monday. Citigroup Inc. reaffirmed a “sell” rating and issued a $61.00 target price (up from $58.00) on shares of Emerson Electric in a research report on Monday, October 9th. BidaskClub downgraded shares of Emerson Electric from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Finally, Bank of America Corporation raised shares of Emerson Electric from a “neutral” rating to a “buy” rating and increased their price objective for the company from $64.44 to $79.00 in a research report on Tuesday, October 17th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $62.86.

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In other Emerson Electric news, insider Robert T. Sharp sold 2,000 shares of Emerson Electric stock in a transaction that occurred on Thursday, August 31st. The stock was 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 transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.79% of the company’s stock.

Emerson Electric Company 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.

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

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