Beck Mack & Oliver LLC lessened its position in shares of Emerson Electric Company (NYSE:EMR) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,083 shares of the industrial products company’s stock after selling 1,000 shares during the quarter. Beck Mack & Oliver LLC’s holdings in Emerson Electric were worth $1,451,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Intellectus Partners LLC lifted its stake in shares of Emerson Electric by 0.3% in the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock worth $125,000 after buying an additional 7 shares in the last quarter. RB Capital Management LLC lifted its stake in shares of Emerson Electric by 0.6% in the second quarter. RB Capital Management LLC now owns 4,475 shares of the industrial products company’s stock worth $267,000 after buying an additional 26 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Emerson Electric by 0.5% in the second quarter. Parallel Advisors LLC now owns 4,892 shares of the industrial products company’s stock worth $292,000 after buying an additional 26 shares in the last quarter. Guardian Life Insurance Co. of America lifted its stake in shares of Emerson Electric by 1.1% in the first quarter. Guardian Life Insurance Co. of America now owns 2,491 shares of the industrial products company’s stock worth $149,000 after buying an additional 28 shares in the last quarter. Finally, Busey Trust CO lifted its stake in shares of Emerson Electric by 0.5% in the second quarter. Busey Trust CO now owns 6,834 shares of the industrial products company’s stock worth $407,000 after buying an additional 31 shares in the last quarter. Institutional investors own 69.00% of the company’s stock.

Shares of Emerson Electric Company (NYSE EMR) opened at $67.26 on Friday. The stock has a market cap of $42,687.43, a P/E ratio of 25.78, a PEG ratio of 2.99 and a beta of 1.24. Emerson Electric Company has a 52 week low of $55.40 and a 52 week high of $67.83. The company has a quick ratio of 1.30, a current ratio of 1.64 and a debt-to-equity ratio of 0.43.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Friday, November 17th were issued a $0.485 dividend. The ex-dividend date was Thursday, November 16th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.88%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.48. Emerson Electric’s payout ratio is 82.55%.

In related news, VP Bell Katherine Button sold 7,909 shares of Emerson Electric stock in a transaction that occurred 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 transaction, the vice president now owns 44,628 shares in the company, valued at $2,891,001.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Edgar M. Purvis, Jr. sold 9,490 shares of the business’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 transaction of $623,872.60. Following the transaction, the chief operating officer now owns 168,984 shares of the company’s stock, valued at approximately $11,109,008.16. The disclosure for this sale can be found here. Insiders sold 27,017 shares of company stock valued at $1,771,129 in the last 90 days. Company insiders own 0.79% of the company’s stock.

EMR has been the topic of several research reports. BidaskClub downgraded shares of Emerson Electric from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Morgan Stanley reaffirmed an “equal weight” rating and set a $67.00 target price (up from $64.00) on shares of Emerson Electric in a research note on Monday, October 2nd. Citigroup reaffirmed a “sell” rating and set a $61.00 target price (up from $58.00) on shares of Emerson Electric in a research note on Monday, October 9th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Emerson Electric in a research note on Thursday, October 12th. Finally, Bank of America raised shares of Emerson Electric from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $64.44 to $79.00 in a research note on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. The company currently 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.

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

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