CenturyLink Investment Management Co raised its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,408 shares of the company’s stock after buying an additional 317 shares during the period. CenturyLink Investment Management Co’s holdings in Emerson Electric were worth $1,930,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of EMR. Logan Capital Management Inc. raised its position in Emerson Electric by 16.9% in the first quarter. Logan Capital Management Inc. now owns 7,889 shares of the company’s stock valued at $429,000 after buying an additional 1,143 shares during the period. First Republic Investment Management Inc. raised its position in Emerson Electric by 63.0% in the first quarter. First Republic Investment Management Inc. now owns 206,637 shares of the company’s stock valued at $11,237,000 after buying an additional 79,881 shares during the period. Cullinan Associates Inc. raised its position in Emerson Electric by 6.9% in the first quarter. Cullinan Associates Inc. now owns 17,012 shares of the company’s stock valued at $925,000 after buying an additional 1,100 shares during the period. BlueMountain Capital Management LLC acquired a new position in Emerson Electric during the first quarter valued at $218,000. Finally, Summit Financial Wealth Advisors LLC raised its position in Emerson Electric by 75.8% in the second quarter. Summit Financial Wealth Advisors LLC now owns 7,302 shares of the company’s stock valued at $381,000 after buying an additional 3,148 shares during the period. Institutional investors own 70.17% of the company’s stock.

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

Emerson Electric Co. (NYSE:EMR) traded down 0.06% during midday trading on Tuesday, reaching $54.40. 3,408,230 shares of the company’s stock were exchanged. The company has a market cap of $34.97 billion, a P/E ratio of 21.59 and a beta of 1.14. The company has a 50 day moving average price of $51.99 and a 200 day moving average price of $52.79. Emerson Electric Co. has a 12 month low of $41.25 and a 12 month high of $56.82.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Friday, November 11th will be given a dividend of $0.48 per share. This is a boost from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, November 8th. This represents a $1.92 annualized dividend and a yield of 3.53%. Emerson Electric’s dividend payout ratio (DPR) is presently 76.19%.

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EMR has been the subject of several research reports. Stifel Nicolaus reduced their price objective on shares of Emerson Electric from $60.00 to $58.00 and set a “buy” rating for the company in a research report on Wednesday, August 3rd. Citigroup Inc. decreased their target price on shares of Emerson Electric from $49.00 to $48.00 and set a “sell” rating for the company in a report on Wednesday, August 3rd. Barclays PLC decreased their target price on shares of Emerson Electric from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Wednesday, August 3rd. JPMorgan Chase & Co. initiated coverage on shares of Emerson Electric in a report on Monday, August 8th. They issued a “neutral” rating and a $47.00 target price for the company. Finally, Deutsche Bank AG decreased their target price on shares of Emerson Electric from $55.00 to $50.00 and set a “hold” rating for the company in a report on Monday, August 8th. Seven research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $51.75.

About Emerson Electric

Emerson Electric Co is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.

5 Day Chart for NYSE:EMR

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