Delta Asset Management LLC TN boosted its position in Emerson Electric Company (NYSE:EMR) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,084 shares of the industrial products company’s stock after buying an additional 2,201 shares during the period. Delta Asset Management LLC TN’s holdings in Emerson Electric were worth $6,146,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Washington Trust Bank raised its stake in shares of Emerson Electric by 0.4% in the second quarter. Washington Trust Bank now owns 4,040 shares of the industrial products company’s stock worth $241,000 after buying an additional 16 shares during the period. RB Capital Management LLC raised its stake in shares of Emerson Electric by 0.6% in the second quarter. RB Capital Management LLC now owns 4,475 shares of the industrial products company’s stock worth $267,000 after buying an additional 26 shares during the period. Guardian Life Insurance Co. of America raised its stake in shares of Emerson Electric by 1.1% in the first quarter. Guardian Life Insurance Co. of America now owns 2,491 shares of the industrial products company’s stock worth $149,000 after buying an additional 28 shares during the period. CAPROCK Group Inc. raised its stake 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 during the period. Finally, Cadence Bank NA raised its stake 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 during the period. Hedge funds and other institutional investors own 69.42% of the company’s stock.

Shares of Emerson Electric Company (EMR) traded up 0.24% during trading on Wednesday, hitting $59.55. 893,520 shares of the stock were exchanged. The stock’s 50 day moving average is $59.86 and its 200-day moving average is $59.83. Emerson Electric Company has a 12-month low of $49.22 and a 12-month high of $64.36. The stock has a market cap of $38.11 billion, a price-to-earnings ratio of 26.57 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, hitting the Thomson Reuters’ consensus estimate of $0.68. The company had revenue of $4.04 billion during 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 previous year, the firm posted $0.68 earnings per share. Equities research analysts anticipate that Emerson Electric Company will post $2.61 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 11th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.23%. The ex-dividend date is Wednesday, August 9th. Emerson Electric’s dividend payout ratio is 85.33%.

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A number of brokerages recently issued reports on EMR. Stifel Nicolaus restated a “buy” rating and set a $67.00 target price (up previously from $65.00) on shares of Emerson Electric in a research report on Monday, May 15th. Cowen and Company restated a “hold” rating and set a $62.00 target price on shares of Emerson Electric in a research report on Tuesday, May 2nd. Royal Bank Of Canada restated a “hold” rating and set a $62.00 target price on shares of Emerson Electric in a research report on Tuesday, June 6th. TheStreet upgraded shares of Emerson Electric from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. Finally, BidaskClub lowered shares of Emerson Electric from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company’s stock. Emerson Electric currently has a consensus rating of “Hold” and a consensus target price of $58.14.

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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