Municipal Employees Retirement System of Michigan held its position in Emerson Electric Company (NYSE:EMR) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,710 shares of the industrial products company’s stock at the end of the first quarter. Municipal Employees Retirement System of Michigan’s holdings in Emerson Electric were worth $1,240,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Prudential Financial Inc. boosted its position in Emerson Electric by 135.9% in the first quarter. Prudential Financial Inc. now owns 2,963,124 shares of the industrial products company’s stock worth $177,372,000 after buying an additional 1,706,810 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Emerson Electric by 19.4% in the first quarter. American Century Companies Inc. now owns 4,338,862 shares of the industrial products company’s stock worth $259,724,000 after buying an additional 705,924 shares during the period. UBS Asset Management Americas Inc. boosted its position in shares of Emerson Electric by 28.8% in the first quarter. UBS Asset Management Americas Inc. now owns 2,418,472 shares of the industrial products company’s stock worth $144,770,000 after buying an additional 540,927 shares during the period. APG Asset Management N.V. boosted its position in shares of Emerson Electric by 17.9% in the first quarter. APG Asset Management N.V. now owns 3,352,519 shares of the industrial products company’s stock worth $200,682,000 after buying an additional 510,160 shares during the period. Finally, Swiss National Bank boosted its position in shares of Emerson Electric by 27.1% in the first quarter. Swiss National Bank now owns 2,277,573 shares of the industrial products company’s stock worth $136,336,000 after buying an additional 485,200 shares during the period. Institutional investors and hedge funds own 69.42% of the company’s stock.

Shares of Emerson Electric Company (EMR) traded up 0.78% during trading on Friday, hitting $58.47. The stock had a trading volume of 238,316 shares. Emerson Electric Company has a 12-month low of $49.22 and a 12-month high of $64.36. The stock has a 50-day moving average of $59.69 and a 200 day moving average of $59.79. The firm has a market cap of $37.42 billion, a price-to-earnings ratio of 26.09 and a beta of 1.20.

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

The company also recently announced 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 3.31%. The ex-dividend date is Wednesday, August 9th. Emerson Electric’s dividend payout ratio (DPR) is presently 85.33%.

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A number of equities analysts recently commented on the company. BidaskClub cut Emerson Electric from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Berenberg Bank restated a “sell” rating and set a $53.00 target price on shares of Emerson Electric in a report on Friday, August 11th. Royal Bank Of Canada restated a “sector perform” rating and set a $62.00 target price (up from $61.00) on shares of Emerson Electric in a report on Wednesday, August 2nd. Cowen and Company restated a “hold” rating and set a $62.00 target price on shares of Emerson Electric in a report on Tuesday, May 2nd. Finally, Morgan Stanley restated an “overweight” rating on shares of Emerson Electric in a report on Tuesday, July 11th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $59.23.

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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