Country Club Trust Company n.a. boosted its holdings in Emerson Electric Company (NYSE:EMR) by 103.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,276 shares of the industrial products company’s stock after acquiring an additional 8,800 shares during the period. Country Club Trust Company n.a.’s holdings in Emerson Electric were worth $1,030,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of EMR. Vanguard Group Inc. lifted its holdings in 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 worth $2,615,777,000 after acquiring an additional 2,404,844 shares during the last quarter. Prudential Financial Inc. lifted its holdings 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 acquiring an additional 1,706,810 shares during the last quarter. American Century Companies Inc. lifted its holdings in 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 acquiring an additional 705,924 shares during the last quarter. Bank of Nova Scotia lifted its holdings in 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 worth $33,771,000 after acquiring an additional 546,801 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in 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 acquiring an additional 540,927 shares during the last quarter. 70.03% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Company (NYSE:EMR) traded up 0.69% on Monday, hitting $62.78. 843,466 shares of the company were exchanged. The stock has a 50 day moving average price of $59.65 and a 200 day moving average price of $59.54. The firm has a market cap of $40.18 billion, a price-to-earnings ratio of 28.01 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 announced 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. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same period in the prior year, the business posted $0.68 earnings per share. Emerson Electric’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 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 11th were issued a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $1.92 annualized dividend and a yield of 3.08%. Emerson Electric’s dividend payout ratio is currently 85.33%.

A number of equities analysts have issued reports on the stock. BidaskClub cut shares of Emerson Electric from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Stifel Nicolaus reissued a “buy” rating and issued a $68.00 target price on shares of Emerson Electric in a report on Wednesday, July 19th. Morgan Stanley reissued an “overweight” rating on shares of Emerson Electric in a report on Tuesday, July 11th. JMP Securities began coverage on shares of Emerson Electric in a report on Monday, June 19th. They issued an “outperform” rating and a $70.00 target price on the stock. Finally, Berenberg Bank reaffirmed a “sell” rating and set a $53.00 price target on shares of Emerson Electric in a report on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $60.52.

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In related news, insider Robert T. Sharp sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $58.99, for a total value of $117,980.00. Following the transaction, the insider now directly owns 64,290 shares in the company, valued at $3,792,467.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.79% of the company’s stock.

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.

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

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