Parkside Financial Bank & Trust boosted its stake in Emerson Electric Company (NYSE:EMR) by 0.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,480 shares of the industrial products company’s stock after purchasing an additional 45 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Emerson Electric were worth $505,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of EMR. Korea Investment CORP raised its stake in Emerson Electric by 20.2% in the first quarter. Korea Investment CORP now owns 266,269 shares of the industrial products company’s stock valued at $15,939,000 after purchasing an additional 44,710 shares in the last quarter. Buckhead Capital Management LLC raised its stake in Emerson Electric by 30.5% in the first quarter. Buckhead Capital Management LLC now owns 11,925 shares of the industrial products company’s stock valued at $714,000 after purchasing an additional 2,790 shares in the last quarter. Acadian Asset Management LLC raised its stake in Emerson Electric by 52,233.3% in the first quarter. Acadian Asset Management LLC now owns 12,560 shares of the industrial products company’s stock valued at $752,000 after purchasing an additional 12,536 shares in the last quarter. Glen Harbor Capital Management LLC raised its stake in Emerson Electric by 23.2% in the first quarter. Glen Harbor Capital Management LLC now owns 13,692 shares of the industrial products company’s stock valued at $820,000 after purchasing an additional 2,576 shares in the last quarter. Finally, Mycio Wealth Partners LLC raised its stake in Emerson Electric by 22.0% in the first quarter. Mycio Wealth Partners LLC now owns 14,964 shares of the industrial products company’s stock valued at $896,000 after purchasing an additional 2,699 shares in the last quarter. 70.19% of the stock is owned by institutional investors and hedge funds.

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In related 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 transaction of $117,980.00. Following the transaction, the insider now directly owns 64,290 shares of the company’s stock, valued at approximately $3,792,467.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.79% of the company’s stock.

EMR has been the subject of a number of analyst reports. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $62.00 price target on shares of Emerson Electric in a research note on Tuesday, June 6th. BidaskClub downgraded Emerson Electric from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. JMP Securities initiated coverage on Emerson Electric in a research note on Monday, June 19th. They set an “outperform” rating and a $70.00 target price for the company. Morgan Stanley reissued an “overweight” rating on shares of Emerson Electric in a research note on Tuesday, July 11th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $68.00 target price on shares of Emerson Electric in a research note on Wednesday, July 19th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. Emerson Electric presently has a consensus rating of “Hold” and an average price target of $60.52.

Shares of Emerson Electric Company (NYSE EMR) opened at 61.30 on Thursday. The company has a market capitalization of $39.23 billion, a PE ratio of 27.35 and a beta of 1.18. The stock’s 50 day moving average price is $59.50 and its 200 day moving average price is $59.50. Emerson Electric Company has a 12-month low of $49.22 and a 12-month high of $64.36.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share for the quarter, meeting the consensus estimate of $0.68. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter last year, the firm posted $0.68 EPS. The company’s revenue was up 9.9% compared to the same quarter last year. On average, equities research 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 was paid on Monday, September 11th. Investors of record on Friday, August 11th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.13%. Emerson Electric’s dividend payout ratio is 85.33%.

Emerson Electric 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.

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

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