Columbia Partners L L C Investment Management boosted its stake in Emerson Electric Company (NYSE:EMR) by 11.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,184 shares of the industrial products company’s stock after buying an additional 5,084 shares during the period. Columbia Partners L L C Investment Management’s holdings in Emerson Electric were worth $2,884,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Macquarie Group Ltd. raised its position in shares of Emerson Electric by 33.2% in the fourth quarter. Macquarie Group Ltd. now owns 35,300 shares of the industrial products company’s stock valued at $1,968,000 after buying an additional 8,800 shares during the last quarter. Stokes & Hubbell Capital Management LLC raised its position in shares of Emerson Electric by 10.3% in the first quarter. Stokes & Hubbell Capital Management LLC now owns 9,970 shares of the industrial products company’s stock valued at $597,000 after buying an additional 934 shares during the last quarter. Prentiss Smith & Co. Inc. raised its position in shares of Emerson Electric by 2.6% in the first quarter. Prentiss Smith & Co. Inc. now owns 17,092 shares of the industrial products company’s stock valued at $1,023,000 after buying an additional 431 shares during the last quarter. Prospera Financial Services Inc raised its position in shares of Emerson Electric by 2.7% in the first quarter. Prospera Financial Services Inc now owns 8,636 shares of the industrial products company’s stock valued at $516,000 after buying an additional 225 shares during the last quarter. Finally, First Command Financial Services Inc. raised its position in shares of 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. 69.42% of the stock is currently owned by institutional investors.

Shares of Emerson Electric Company (NYSE:EMR) remained flat at $58.29 during midday trading on Friday. 861,588 shares of the company were exchanged. The firm’s 50-day moving average is $59.86 and its 200 day moving average is $59.82. The stock has a market capitalization of $37.31 billion, a P/E ratio of 26.01 and a beta of 1.20. Emerson Electric Company has a 12-month low of $49.22 and a 12-month high of $64.36.

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 consensus estimate of $0.68. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the prior year, the firm earned $0.68 EPS. Emerson Electric’s quarterly revenue was up 9.9% on a year-over-year basis. On average, equities research analysts predict that Emerson Electric Company will post $2.61 EPS for the current year.

The company 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 3.29%. The ex-dividend date of this dividend is Wednesday, August 9th. Emerson Electric’s dividend payout ratio (DPR) is 85.33%.

WARNING: “Columbia Partners L L C Investment Management Raises Stake in Emerson Electric Company (EMR)” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/08/18/columbia-partners-l-l-c-investment-management-raises-stake-in-emerson-electric-company-emr.html.

EMR has been the topic of several research reports. Cowen and Company reaffirmed a “hold” rating and set a $62.00 price objective on shares of Emerson Electric in a report on Tuesday, April 25th. Zacks Investment Research lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, May 5th. TheStreet raised Emerson Electric from a “c+” rating to a “b” rating in a report on Thursday, May 4th. Stifel Nicolaus reaffirmed a “buy” rating and set a $67.00 price objective (up previously from $65.00) on shares of Emerson Electric in a report on Monday, May 15th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $62.00 price target on shares of Emerson Electric in a report on Tuesday, June 6th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $58.14.

Emerson Electric Company Profile

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.

Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Company (NYSE:EMR).

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

Receive News & Stock Ratings for Emerson Electric Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric Company and related stocks with our FREE daily email newsletter.