United Asset Strategies Inc. lifted its position in Emerson Electric Co. (NYSE:EMR) by 44.7% during the 3rd quarter, Holdings Channel reports. The firm owned 29,569 shares of the industrial products company’s stock after buying an additional 9,129 shares during the quarter. United Asset Strategies Inc.’s holdings in Emerson Electric were worth $2,264,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Independent Advisor Alliance lifted its position in Emerson Electric by 38.0% during the 2nd quarter. Independent Advisor Alliance now owns 37,225 shares of the industrial products company’s stock worth $2,522,000 after buying an additional 10,250 shares in the last quarter. AMP Capital Investors Ltd lifted its position in Emerson Electric by 12.7% during the 2nd quarter. AMP Capital Investors Ltd now owns 239,559 shares of the industrial products company’s stock valued at $16,563,000 after purchasing an additional 27,052 shares during the period. Commonwealth Bank of Australia lifted its position in Emerson Electric by 3.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 81,289 shares of the industrial products company’s stock valued at $5,546,000 after purchasing an additional 2,652 shares during the period. Tower Research Capital LLC TRC lifted its position in Emerson Electric by 1,033.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 21,073 shares of the industrial products company’s stock valued at $1,457,000 after purchasing an additional 19,214 shares during the period. Finally, BTR Capital Management Inc. lifted its position in Emerson Electric by 18.7% during the 3rd quarter. BTR Capital Management Inc. now owns 13,065 shares of the industrial products company’s stock valued at $1,001,000 after purchasing an additional 2,060 shares during the period. 70.17% of the stock is currently owned by institutional investors and hedge funds.

In related news, President Edward L. Monser sold 60,000 shares of the stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $76.10, for a total transaction of $4,566,000.00. Following the completion of the sale, the president now directly owns 176,477 shares of the company’s stock, valued at approximately $13,429,899.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Edward L. Monser sold 30,000 shares of the stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $75.84, for a total value of $2,275,200.00. Following the sale, the president now directly owns 176,477 shares of the company’s stock, valued at $13,384,015.68. The disclosure for this sale can be found here. Corporate insiders own 0.84% of the company’s stock.

Shares of EMR stock traded up $0.72 on Tuesday, reaching $67.73. The company had a trading volume of 534,925 shares, compared to its average volume of 4,012,434. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 0.78. The stock has a market cap of $43.04 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 2.09 and a beta of 1.20. Emerson Electric Co. has a 12 month low of $57.47 and a 12 month high of $79.70.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Tuesday, November 6th. The industrial products company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). The company had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.91 billion. Emerson Electric had a net margin of 12.65% and a return on equity of 23.06%. The business’s revenue was up 10.2% compared to the same quarter last year. During the same period last year, the company earned $0.83 earnings per share. As a group, research analysts anticipate that Emerson Electric Co. will post 3.69 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 16th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.49. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.89%. Emerson Electric’s dividend payout ratio is 57.40%.

A number of research analysts have issued reports on EMR shares. Zacks Investment Research downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, October 5th. Argus upped their target price on shares of Emerson Electric from $81.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, August 14th. Credit Suisse Group started coverage on shares of Emerson Electric in a research report on Friday, October 12th. They set a “neutral” rating and a $78.00 target price on the stock. Deutsche Bank set a $79.00 target price on shares of Emerson Electric and gave the company a “buy” rating in a research report on Wednesday, November 7th. Finally, Morgan Stanley started coverage on shares of Emerson Electric in a research report on Monday, August 20th. They set an “overweight” rating and a $85.00 target price on the stock. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $78.41.

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About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

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

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