Gofen & Glossberg LLC IL decreased its position in shares of Emerson Electric Company (NYSE:EMR) by 5.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,607 shares of the industrial products company’s stock after selling 4,751 shares during the period. Gofen & Glossberg LLC IL’s holdings in Emerson Electric were worth $4,765,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Prudential Financial Inc. raised its stake in shares of 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 during the period. American Century Companies Inc. raised its stake 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. raised its stake 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. raised its stake 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 raised its stake 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 0.93% during trading on Friday, hitting $58.56. 1,239,543 shares of the company were exchanged. The stock has a market capitalization of $37.48 billion, a PE ratio of 26.13 and a beta of 1.20. The company has a 50 day moving average of $59.67 and a 200-day moving average of $59.78. Emerson Electric Company has a 1-year low of $49.22 and a 1-year high of $64.36.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.68. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.99 billion. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The company’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.68 earnings per share. On average, analysts forecast that Emerson Electric Company will post $2.61 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 11th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date is Wednesday, August 9th. Emerson Electric’s dividend payout ratio is presently 85.33%.

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A number of analysts have commented on EMR shares. TheStreet upgraded shares of Emerson Electric from a “c+” rating to a “b” rating in a research note on Thursday, May 4th. Stifel Nicolaus restated a “buy” rating and set a $67.00 price target (up previously from $65.00) on shares of Emerson Electric in a research note on Monday, May 15th. Zacks Investment Research lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. JMP Securities started coverage on shares of Emerson Electric in a research note on Monday, June 19th. They set an “outperform” rating and a $70.00 price target for the company. Finally, Morgan Stanley restated an “overweight” rating on shares of Emerson Electric in a research note on Tuesday, July 11th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $59.71.

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.

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

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