Dynamic Technology Lab Private Ltd bought a new stake in Emerson Electric Company (NYSE:EMR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,385 shares of the industrial products company’s stock, valued at approximately $622,000.

Several other hedge funds have also bought and sold shares of EMR. First Command Financial Services Inc. boosted its stake in Emerson Electric by 18.9% in the first quarter. First Command Financial Services Inc. now owns 1,935 shares of the industrial products company’s stock valued at $116,000 after buying an additional 307 shares during the last quarter. Central Bank & Trust Co. boosted its stake in Emerson Electric by 31.3% in the first quarter. Central Bank & Trust Co. now owns 2,100 shares of the industrial products company’s stock valued at $126,000 after buying an additional 500 shares during the last quarter. Milestone Group Inc. acquired a new stake in Emerson Electric during the first quarter valued at about $201,000. Wedgewood Investors Inc. PA acquired a new stake in Emerson Electric during the first quarter valued at about $204,000. Finally, Garrison Bradford & Associates Inc. acquired a new stake in Emerson Electric during the first quarter valued at about $204,000. 69.06% of the stock is currently owned by institutional investors.

Emerson Electric Company (NYSE:EMR) opened at 60.91 on Tuesday. The stock’s 50 day moving average is $59.79 and its 200 day moving average is $59.74. Emerson Electric Company has a 12-month low of $49.22 and a 12-month high of $64.36. The stock has a market capitalization of $39.21 billion, a price-to-earnings ratio of 27.18 and a beta of 1.20.

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

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

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Several analysts recently issued reports on EMR shares. TheStreet raised Emerson Electric from a “c+” rating to a “b” rating in a research note on Thursday, May 4th. Stifel Nicolaus reissued a “buy” rating and issued a $68.00 target price on shares of Emerson Electric in a research note on Wednesday, July 19th. Zacks Investment Research raised Emerson Electric from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research note on Wednesday, April 19th. Royal Bank Of Canada reissued a “hold” rating and issued a $62.00 target price on shares of Emerson Electric in a research note on Tuesday, June 6th. Finally, Cowen and Company reissued a “hold” rating and issued a $62.00 target price on shares of Emerson Electric in a research note on Tuesday, May 2nd. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company. Emerson Electric currently has an average rating of “Hold” and a consensus 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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