Argent Capital Management LLC increased its position in shares of Emerson Electric Company (NYSE:EMR) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 311,085 shares of the industrial products company’s stock after buying an additional 2,717 shares during the period. Argent Capital Management LLC’s holdings in Emerson Electric were worth $18,622,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. CAPROCK Group Inc. raised its position in shares of Emerson Electric by 0.8% in the first quarter. CAPROCK Group Inc. now owns 4,689 shares of the industrial products company’s stock worth $281,000 after buying an additional 37 shares in the last quarter. Cadence Bank NA raised its position in shares of Emerson Electric by 0.3% in the first quarter. Cadence Bank NA now owns 12,322 shares of the industrial products company’s stock worth $738,000 after buying an additional 37 shares in the last quarter. Lourd Capital LLC raised its position in shares of Emerson Electric by 0.4% in the first quarter. Lourd Capital LLC now owns 9,242 shares of the industrial products company’s stock worth $553,000 after buying an additional 40 shares in the last quarter. Glenview Trust Co raised its position in shares of Emerson Electric by 0.3% in the first quarter. Glenview Trust Co now owns 19,515 shares of the industrial products company’s stock worth $1,168,000 after buying an additional 65 shares in the last quarter. Finally, Howland Capital Management LLC raised its position in shares of Emerson Electric by 0.4% in the first quarter. Howland Capital Management LLC now owns 15,982 shares of the industrial products company’s stock worth $957,000 after buying an additional 66 shares in the last quarter. 69.06% of the stock is currently owned by institutional investors and hedge funds.

Shares of Emerson Electric Company (EMR) opened at 60.91 on Tuesday. Emerson Electric Company has a 12 month low of $49.22 and a 12 month high of $64.36. The firm has a 50 day moving average price of $59.79 and a 200-day moving average price of $59.74. The company has a market cap of $39.21 billion, a P/E ratio of 27.18 and a beta of 1.20.

Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, August 1st. The industrial products company reported $0.68 EPS for the quarter, meeting the consensus estimate of $0.68. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter in the prior year, the business earned $0.68 earnings per share. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. Analysts anticipate that Emerson Electric Company will post $2.61 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 11th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Wednesday, August 9th. Emerson Electric’s dividend payout ratio is currently 85.33%.

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EMR has been the topic of a number of research analyst reports. Cowen and Company reaffirmed a “hold” rating and issued a $62.00 target price on shares of Emerson Electric in a report on Tuesday, May 2nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $67.00 target price (up previously from $65.00) on shares of Emerson Electric in a report on Monday, May 15th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $62.00 target price on shares of Emerson Electric in a report on Tuesday, June 6th. TheStreet raised Emerson Electric from a “c+” rating to a “b” rating in a report on Thursday, May 4th. Finally, BidaskClub lowered Emerson Electric from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $57.48.

About Emerson Electric

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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