Mutual of Omaha Bank Wealth Management decreased its stake in Emerson Electric Company (NYSE:EMR) by 77.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,380 shares of the industrial products company’s stock after selling 14,955 shares during the quarter. Mutual of Omaha Bank Wealth Management’s holdings in Emerson Electric were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC acquired a new stake in shares of Emerson Electric during the second quarter worth about $109,000. Intellectus Partners LLC raised its position in shares of Emerson Electric by 0.3% during the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 7 shares during the period. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Emerson Electric during the second quarter worth about $129,000. AT Bancorp acquired a new stake in shares of Emerson Electric during the second quarter worth about $139,000. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of Emerson Electric during the first quarter worth about $147,000. 69.00% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Company (EMR) opened at $66.92 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 1.30. The firm has a market capitalization of $42,623.25, a P/E ratio of 25.74, a price-to-earnings-growth ratio of 3.12 and a beta of 1.24. Emerson Electric Company has a one year low of $55.40 and a one year high of $67.79.

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

The business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Friday, November 17th were paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 2.90%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, November 16th. Emerson Electric’s dividend payout ratio (DPR) is currently 82.55%.

In other Emerson Electric news, COO Edgar M. Purvis, Jr. sold 9,490 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $65.74, for a total value of $623,872.60. Following the completion of the transaction, the chief operating officer now directly owns 168,984 shares in the company, valued at $11,109,008.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Frank J. Dellaquila sold 2,100 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total value of $136,017.00. Following the completion of the transaction, 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. Over the last 90 days, insiders sold 19,499 shares of company stock valued at $1,272,235. Corporate insiders own 0.79% of the company’s stock.

EMR has been the topic of a number of research analyst reports. Cowen reaffirmed a “buy” rating and set a $72.00 price target on shares of Emerson Electric in a research report on Wednesday, December 6th. Zacks Investment Research lowered Emerson Electric from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Robert W. Baird reaffirmed a “hold” rating and set a $70.00 price target on shares of Emerson Electric in a research report on Friday, November 10th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $66.00 price target on shares of Emerson Electric in a research report on Friday, December 8th. Finally, Royal Bank of Canada reaffirmed a “neutral” rating on shares of Emerson Electric in a research report on Thursday, November 9th. 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 presently has an average rating of “Hold” and an average price target of $65.86.

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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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