Tiaa Fsb decreased its stake in Emerson Electric Company (NYSE:EMR) by 5.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,080 shares of the industrial products company’s stock after selling 1,430 shares during the period. Tiaa Fsb’s holdings in Emerson Electric were worth $1,513,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EMR. Fagan Associates Inc. raised its stake in shares of Emerson Electric by 19.3% during the second quarter. Fagan Associates Inc. now owns 5,975 shares of the industrial products company’s stock valued at $356,000 after acquiring an additional 968 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of Emerson Electric by 6.6% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,075 shares of the industrial products company’s stock valued at $601,000 after acquiring an additional 620 shares during the last quarter. Andra AP fonden raised its stake in shares of Emerson Electric by 5.2% during the second quarter. Andra AP fonden now owns 95,300 shares of the industrial products company’s stock valued at $5,682,000 after acquiring an additional 4,700 shares during the last quarter. Lipe & Dalton raised its stake in shares of Emerson Electric by 1.3% during the second quarter. Lipe & Dalton now owns 42,125 shares of the industrial products company’s stock valued at $2,511,000 after acquiring an additional 560 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Emerson Electric by 5.8% during 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 acquiring an additional 2,404,844 shares during the last quarter. 69.00% of the stock is owned by institutional investors and hedge funds.

Shares of Emerson Electric Company (EMR) opened at $66.55 on Monday. Emerson Electric Company has a 12-month low of $55.40 and a 12-month high of $67.79. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.30 and a current ratio of 1.64. The firm has a market cap of $42,713.11, a price-to-earnings ratio of 25.80, a PEG ratio of 3.13 and a beta of 1.24.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. The company had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.43 billion. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. Emerson Electric’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.74 earnings per share. research analysts anticipate that Emerson Electric Company will post 2.92 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 17th will be issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 2.92%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Thursday, November 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 82.55%.

EMR has been the subject of several analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $72.00 price target (up previously from $68.00) on shares of Emerson Electric in a research note on Thursday, November 9th. Cowen raised shares of Emerson Electric to a “buy” rating and set a $71.00 price target for the company in a research note on Monday, October 23rd. Bank of America raised shares of Emerson Electric from a “neutral” rating to a “buy” rating and raised their price target for the company from $64.44 to $79.00 in a research note on Tuesday, October 17th. Morgan Stanley reaffirmed an “equal weight” rating and set a $67.00 price target (up previously from $64.00) on shares of Emerson Electric in a research note on Monday, October 2nd. Finally, Zacks Investment Research raised shares of Emerson Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company. Emerson Electric currently has an average rating of “Hold” and an average price target of $65.86.

In other Emerson Electric news, VP Bell Katherine Button sold 7,909 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $64.78, for a total value of $512,345.02. Following the completion of the sale, the vice president now directly owns 44,628 shares in the company, valued at $2,891,001.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Frank J. Dellaquila sold 2,100 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total transaction of $136,017.00. Following the completion of the sale, the vice president now owns 178,743 shares of the company’s stock, valued at $11,577,184.11. The disclosure for this sale can be found here. Company insiders own 0.79% of the company’s stock.

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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.

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

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