Occidental Asset Management LLC Raises Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Occidental Asset Management LLC grew its stake in Emerson Electric Co. (NYSE:EMR) by 18.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,968 shares of the industrial products company’s stock after acquiring an additional 1,544 shares during the quarter. Occidental Asset Management LLC’s holdings in Emerson Electric were worth $665,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of EMR. Dimensional Fund Advisors LP increased its position in Emerson Electric by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,910,281 shares of the industrial products company’s stock worth $114,137,000 after purchasing an additional 64,900 shares during the last quarter. Geode Capital Management LLC increased its position in Emerson Electric by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 7,394,814 shares of the industrial products company’s stock worth $441,115,000 after purchasing an additional 355,369 shares during the last quarter. Millennium Management LLC increased its position in Emerson Electric by 146.8% in the fourth quarter. Millennium Management LLC now owns 67,396 shares of the industrial products company’s stock worth $4,027,000 after purchasing an additional 40,090 shares during the last quarter. First Command Bank increased its position in Emerson Electric by 70.2% in the first quarter. First Command Bank now owns 6,620 shares of the industrial products company’s stock worth $454,000 after purchasing an additional 2,730 shares during the last quarter. Finally, Welch Group LLC increased its position in Emerson Electric by 4.2% in the first quarter. Welch Group LLC now owns 371,733 shares of the industrial products company’s stock worth $25,453,000 after purchasing an additional 14,871 shares during the last quarter. Institutional investors and hedge funds own 70.30% of the company’s stock.

EMR stock traded down $0.86 during mid-day trading on Thursday, reaching $56.28. 359,662 shares of the stock traded hands, compared to its average volume of 3,202,078. 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 Co. has a one year low of $55.38 and a one year high of $79.70. The firm has a market cap of $34.94 billion, a PE ratio of 16.65, a PEG ratio of 1.96 and a beta of 1.32. The company has a 50-day simple moving average of $64.25.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.94 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.94. The business had revenue of $4.68 billion for the quarter, compared to analysts’ expectations 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 was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.12 earnings per share. As a group, equities analysts anticipate that Emerson Electric Co. will post 3.64 earnings per share 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 issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Thursday, August 15th. Emerson Electric’s payout ratio is presently 57.99%.

Several equities research analysts recently weighed in on EMR shares. Zacks Investment Research cut shares of Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price target on the stock. in a research report on Tuesday, July 23rd. Morgan Stanley reduced their price target on shares of Emerson Electric from $84.00 to $76.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Citigroup reduced their price target on shares of Emerson Electric from $79.00 to $77.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Cowen restated a “buy” rating and issued a $72.00 price target on shares of Emerson Electric in a research report on Friday, August 9th. Finally, Deutsche Bank reduced their price target on shares of Emerson Electric from $74.00 to $73.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $72.71.

In other news, VP Bell Katherine Button sold 4,470 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $65.00, for a total value of $290,550.00. Following the transaction, the vice president now directly owns 18,040 shares in the company, valued at $1,172,600. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael H. Train sold 12,278 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $63.80, for a total transaction of $783,336.40. Following the completion of the transaction, the insider now owns 129,298 shares in the company, valued at $8,249,212.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,333 shares of company stock worth $2,583,230. Company insiders own 0.07% of the company’s stock.

Emerson Electric Company 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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