Boston Financial Mangement LLC trimmed its holdings in Emerson Electric Company (NYSE:EMR) by 5.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,019 shares of the industrial products company’s stock after selling 6,009 shares during the period. Boston Financial Mangement LLC’s holdings in Emerson Electric were worth $6,261,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EMR. Vanguard Group Inc. raised its position in shares of Emerson Electric by 5.8% in the first quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock valued at $2,615,777,000 after buying an additional 2,404,844 shares in the last quarter. Prudential Financial Inc. raised its position 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 valued at $177,372,000 after buying an additional 1,706,810 shares in the last quarter. American Century Companies Inc. raised 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 valued at $259,724,000 after buying an additional 705,924 shares in the last quarter. Bank of Nova Scotia raised its position in shares of Emerson Electric by 3,745.5% in the first quarter. Bank of Nova Scotia now owns 561,400 shares of the industrial products company’s stock valued at $33,771,000 after buying an additional 546,801 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised 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 valued at $144,770,000 after buying an additional 540,927 shares in the last quarter. Institutional investors own 70.19% of the company’s stock.

Emerson Electric Company (EMR) opened at 60.40 on Friday. The stock’s 50 day moving average is $59.44 and its 200 day moving average is $59.53. The firm has a market capitalization of $38.66 billion, a P/E ratio of 26.95 and a beta of 1.18. Emerson Electric Company has a one year low of $49.22 and a one year high of $64.36.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 11th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Wednesday, August 9th. Emerson Electric’s dividend payout ratio (DPR) is currently 85.33%.

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

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EMR has been the subject of a number of analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $67.00 price target (up from $65.00) on shares of Emerson Electric in a research report on Monday, May 15th. JMP Securities initiated coverage on shares of Emerson Electric in a research report on Monday, June 19th. They issued an “outperform” rating and a $70.00 price target for the company. Morgan Stanley reiterated an “overweight” rating on shares of Emerson Electric in a research report on Tuesday, July 11th. BidaskClub upgraded shares of Emerson Electric from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Finally, Berenberg Bank reiterated a “sell” rating and issued a $53.00 price target on shares of Emerson Electric in a research report on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. Emerson Electric presently has a consensus rating of “Hold” and a consensus target price of $60.52.

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.

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

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