Emerson Electric Company (EMR) Shares Sold by Numeric Investors LLC

Numeric Investors LLC reduced its stake in shares of Emerson Electric Company (NYSE:EMR) by 44.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 47,300 shares of the industrial products company’s stock after selling 37,800 shares during the period. Numeric Investors LLC’s holdings in Emerson Electric were worth $2,820,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of EMR. Vanguard Group Inc. raised its stake in shares of Emerson Electric by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 44,195,877 shares of the industrial products company’s stock worth $2,634,958,000 after buying an additional 497,625 shares during the last quarter. BlackRock Inc. raised its stake in shares of Emerson Electric by 1.9% during the 2nd quarter. BlackRock Inc. now owns 40,954,867 shares of the industrial products company’s stock worth $2,441,728,000 after buying an additional 778,791 shares during the last quarter. Longview Partners Guernsey LTD raised its stake in shares of Emerson Electric by 4.4% during the 2nd quarter. Longview Partners Guernsey LTD now owns 12,624,050 shares of the industrial products company’s stock worth $752,646,000 after buying an additional 526,712 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Emerson Electric by 4.3% during the 2nd quarter. Wells Fargo & Company MN now owns 10,532,262 shares of the industrial products company’s stock worth $627,933,000 after buying an additional 432,753 shares during the last quarter. Finally, American International Group Inc. raised its stake in shares of Emerson Electric by 0.6% during the 1st quarter. American International Group Inc. now owns 9,041,764 shares of the industrial products company’s stock worth $541,240,000 after buying an additional 53,444 shares during the last quarter. Institutional investors own 69.35% of the company’s stock.

In other news, insider Robert T. Sharp sold 2,000 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $58.99, for a total transaction of $117,980.00. Following the completion of the transaction, the insider now owns 64,290 shares of the company’s stock, valued at approximately $3,792,467.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.79% of the company’s stock.

Several research analysts have recently issued reports on the company. Stifel Nicolaus reaffirmed a “buy” rating on shares of Emerson Electric in a research note on Thursday, October 12th. Edward Jones downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Cowen and Company raised Emerson Electric to a “buy” rating and set a $71.00 price target for the company in a research note on Monday, October 23rd. Zacks Investment Research raised Emerson Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Citigroup Inc. reaffirmed a “sell” rating and set a $61.00 price target (up previously from $58.00) on shares of Emerson Electric in a research note on Monday, October 9th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $65.14.

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Emerson Electric Company (NYSE EMR) opened at $60.35 on Wednesday. Emerson Electric Company has a one year low of $53.92 and a one year high of $67.79. The company has a current ratio of 1.64, a quick ratio of 1.30 and a debt-to-equity ratio of 0.43. The company has a market cap of $38,676.06, a PE ratio of 23.36, a PEG ratio of 2.84 and a beta of 1.24.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.83. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The company had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.43 billion. During the same quarter in the prior year, the company posted $0.74 EPS. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. sell-side analysts forecast that Emerson Electric Company will post 2.91 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.21%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. Emerson Electric’s dividend payout ratio is currently 82.55%.

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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