State of Wisconsin Investment Board increased its position in Emerson Electric Company (NYSE:EMR) by 6.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 581,712 shares of the industrial products company’s stock after purchasing an additional 34,855 shares during the period. State of Wisconsin Investment Board owned 0.09% of Emerson Electric worth $36,555,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Intellectus Partners LLC boosted its stake in Emerson Electric by 0.3% in the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 7 shares during the period. RB Capital Management LLC raised its holdings in shares of Emerson Electric by 0.6% during the second quarter. RB Capital Management LLC now owns 4,475 shares of the industrial products company’s stock valued at $267,000 after buying an additional 26 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Emerson Electric by 0.5% during the second quarter. Parallel Advisors LLC now owns 4,892 shares of the industrial products company’s stock valued at $292,000 after buying an additional 26 shares during the last quarter. Guardian Life Insurance Co. of America raised its holdings in shares of Emerson Electric by 1.1% during the first quarter. Guardian Life Insurance Co. of America now owns 2,491 shares of the industrial products company’s stock valued at $149,000 after buying an additional 28 shares during the last quarter. Finally, Busey Trust CO raised its holdings in shares of Emerson Electric by 0.5% during the second quarter. Busey Trust CO now owns 6,834 shares of the industrial products company’s stock valued at $407,000 after buying an additional 31 shares during the last quarter. Institutional investors and hedge funds own 68.83% of the company’s stock.

A number of research firms have recently weighed in on EMR. Cowen reaffirmed a “buy” rating and set a $72.00 price target on shares of Emerson Electric in a report on Wednesday. Stifel Nicolaus restated a “buy” rating and set a $75.00 price target on shares of Emerson Electric in a report on Monday, December 11th. Goldman Sachs Group restated a “neutral” rating and set a $66.00 price target on shares of Emerson Electric in a report on Friday, December 8th. Zacks Investment Research upgraded shares of Emerson Electric from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $67.00 price objective (up from $64.00) on shares of Emerson Electric in a report on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. Emerson Electric has a consensus rating of “Hold” and an average price target of $65.86.

Emerson Electric Company (NYSE:EMR) opened at $68.54 on Wednesday. The firm has a market cap of $43,657.11, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 3.07 and a beta of 1.24. The company has a current ratio of 1.64, a quick ratio of 1.30 and a debt-to-equity ratio of 0.43. Emerson Electric Company has a 52-week low of $55.40 and a 52-week high of $68.88.

Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.83. The firm had revenue of $4.44 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the business earned $0.74 EPS. equities analysts expect that Emerson Electric Company will post 2.92 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Friday, November 17th were given a dividend of $0.485 per share. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, November 16th. This represents a $1.94 dividend on an annualized basis and a yield of 2.83%. Emerson Electric’s payout ratio is currently 82.55%.

In other Emerson Electric news, VP Bell Katherine Button sold 7,518 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $66.36, for a total transaction of $498,894.48. Following the completion of the transaction, the vice president now owns 36,877 shares of the company’s stock, valued at approximately $2,447,157.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Frank J. Dellaquila sold 2,100 shares of the business’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 transaction, the vice president now directly owns 178,743 shares of the company’s stock, valued at approximately $11,577,184.11. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,017 shares of company stock valued at $1,771,129. Company insiders own 0.79% of the company’s stock.

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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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