Checchi Capital Advisers LLC lowered its stake in Emerson Electric Company (NYSE:EMR) by 13.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,246 shares of the industrial products company’s stock after selling 946 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Emerson Electric were worth $393,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of EMR. Fagan Associates Inc. boosted its position in shares of Emerson Electric by 19.3% during the 2nd 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 boosted its position in shares of Emerson Electric by 6.6% during the 2nd 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 boosted its position in shares of Emerson Electric by 5.2% during the 2nd 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 boosted its position in shares of Emerson Electric by 1.3% during the 2nd 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. boosted its position in shares of Emerson Electric by 5.8% during the 1st 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. Institutional investors and hedge funds own 68.83% of the company’s stock.

Emerson Electric Company (EMR) opened at $68.96 on Thursday. 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 company has a market capitalization of $43,772.07, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 3.08 and a beta of 1.24. Emerson Electric Company has a 12 month low of $55.40 and a 12 month high of $69.74.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.83. The business had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.43 billion. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The business’s quarterly 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. equities analysts predict that Emerson Electric Company will post 2.92 earnings per share for the current fiscal 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 is a boost from Emerson Electric’s previous quarterly dividend of $0.48. This represents a $1.94 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend was Thursday, November 16th. Emerson Electric’s payout ratio is 82.55%.

In other Emerson Electric news, COO Edgar M. Purvis, Jr. sold 9,490 shares of Emerson Electric 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 transaction, the chief operating officer now directly owns 168,984 shares of the company’s stock, valued at approximately $11,109,008.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Bell Katherine Button sold 7,909 shares of Emerson Electric stock in a transaction that occurred on Thursday, November 30th. The stock was 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 directly owns 44,628 shares in the company, valued at $2,891,001.84. The disclosure for this sale can be found here. Insiders sold a total of 27,017 shares of company stock worth $1,771,129 over the last ninety days. Insiders own 0.79% of the company’s stock.

A number of brokerages have recently issued reports on EMR. Cowen reiterated a “buy” rating and set a $72.00 price target on shares of Emerson Electric in a research report on Wednesday. Stifel Nicolaus restated a “buy” rating and issued a $75.00 target price on shares of Emerson Electric in a research report on Monday, December 11th. Goldman Sachs Group restated a “neutral” rating and issued a $66.00 target price on shares of Emerson Electric in a research report on Friday, December 8th. J P Morgan Chase & Co initiated coverage on Emerson Electric in a research report on Wednesday, November 29th. They issued a “neutral” rating for the company. Finally, Citigroup set a $61.00 target price on Emerson Electric and gave the stock a “sell” rating in a research report on Tuesday, November 28th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Emerson Electric currently has an average rating of “Hold” and a consensus target price of $65.86.

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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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