Soros Fund Management LLC bought a new position in shares of Emerson Electric Company (NYSE:EMR) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 4,600 shares of the industrial products company’s stock, valued at approximately $275,000.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Emerson Electric by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock worth $2,615,777,000 after acquiring an additional 2,404,844 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Emerson Electric by 2.3% during the 1st quarter. Bank of New York Mellon Corp now owns 14,552,526 shares of the industrial products company’s stock worth $871,114,000 after acquiring an additional 332,238 shares in the last quarter. American International Group Inc. grew its stake in shares of Emerson Electric by 0.6% during the 1st quarter. American International Group Inc. now owns 9,041,764 shares of the industrial products company’s stock worth $541,240,000 after acquiring an additional 53,444 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Emerson Electric by 19.4% during the 1st quarter. American Century Companies Inc. now owns 4,338,862 shares of the industrial products company’s stock worth $259,724,000 after acquiring an additional 705,924 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Emerson Electric by 5.5% during the 1st quarter. Legal & General Group Plc now owns 3,358,845 shares of the industrial products company’s stock worth $201,055,000 after acquiring an additional 174,816 shares in the last quarter. Hedge funds and other institutional investors own 70.19% of the company’s stock.

Emerson Electric Company (EMR) traded up 0.32% during midday trading on Friday, hitting $60.40. The stock had a trading volume of 2,254,779 shares. Emerson Electric Company has a 52 week low of $49.22 and a 52 week high of $64.36. The stock has a market cap of $38.66 billion, a P/E ratio of 26.95 and a beta of 1.18. The company has a 50-day moving average price of $59.44 and a 200-day moving average price of $59.53.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 11th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $1.92 annualized dividend and a dividend yield of 3.18%. Emerson Electric’s payout ratio is currently 85.33%.

Several equities analysts have recently weighed in on EMR shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $67.00 price target (up from $65.00) on shares of Emerson Electric in a research note on Monday, May 15th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $62.00 price target on shares of Emerson Electric in a research note on Tuesday, June 6th. BidaskClub cut shares of Emerson Electric from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. 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 reaffirmed 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 assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $60.52.

COPYRIGHT VIOLATION WARNING: “4,600 Shares in Emerson Electric Company (EMR) Acquired by Soros Fund Management LLC” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another site, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/09/09/4600-shares-in-emerson-electric-company-emr-acquired-by-soros-fund-management-llc.html.

In other Emerson Electric news, insider Robert T. Sharp sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $58.99, for a total value of $117,980.00. Following the sale, the insider now owns 64,290 shares of the company’s stock, valued at approximately $3,792,467.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.79% of the company’s stock.

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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