Linscomb & Williams Inc. lessened its stake in Emerson Electric Co. (NYSE:EMR) by 8.9% in the 3rd quarter, Holdings Channel reports. The firm owned 12,949 shares of the industrial products company’s stock after selling 1,266 shares during the period. Linscomb & Williams Inc.’s holdings in Emerson Electric were worth $992,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Bowen Hanes & Co. Inc. increased its holdings in shares of Emerson Electric by 328.4% in the third quarter. Bowen Hanes & Co. Inc. now owns 314,872 shares of the industrial products company’s stock valued at $24,113,000 after purchasing an additional 241,381 shares during the last quarter. Twin Capital Management Inc. increased its holdings in shares of Emerson Electric by 4.5% in the third quarter. Twin Capital Management Inc. now owns 21,530 shares of the industrial products company’s stock valued at $1,649,000 after purchasing an additional 918 shares during the last quarter. MML Investors Services LLC increased its holdings in shares of Emerson Electric by 33.4% in the third quarter. MML Investors Services LLC now owns 34,027 shares of the industrial products company’s stock valued at $2,606,000 after purchasing an additional 8,510 shares during the last quarter. United Asset Strategies Inc. increased its holdings in shares of Emerson Electric by 44.7% in the third quarter. United Asset Strategies Inc. now owns 29,569 shares of the industrial products company’s stock valued at $2,264,000 after purchasing an additional 9,129 shares during the last quarter. Finally, Highstreet Asset Management Inc. increased its holdings in shares of Emerson Electric by 1.2% in the third quarter. Highstreet Asset Management Inc. now owns 303,806 shares of the industrial products company’s stock valued at $23,265,000 after purchasing an additional 3,540 shares during the last quarter. 70.17% of the stock is owned by hedge funds and other institutional investors.

EMR has been the subject of several recent analyst reports. Barclays raised their target price on Emerson Electric from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, September 24th. Zacks Investment Research raised Emerson Electric from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research note on Monday, August 6th. Gordon Haskett initiated coverage on Emerson Electric in a research note on Friday, October 12th. They set a “buy” rating for the company. Bank of America raised their target price on Emerson Electric from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, October 4th. Finally, Morgan Stanley initiated coverage on Emerson Electric in a research note on Monday, August 20th. They set an “overweight” rating and a $85.00 target price for the company. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $78.41.

In related news, President Edward L. Monser sold 60,000 shares of the business’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $76.10, for a total value of $4,566,000.00. Following the transaction, the president now owns 176,477 shares in the company, valued at approximately $13,429,899.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Edward L. Monser sold 30,000 shares of the business’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $75.84, for a total value of $2,275,200.00. Following the completion of the transaction, the president now owns 176,477 shares in the company, valued at approximately $13,384,015.68. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by insiders.

NYSE:EMR opened at $67.40 on Thursday. The firm has a market capitalization of $42.11 billion, a P/E ratio of 19.94, a P/E/G ratio of 2.04 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. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 16th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.91%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.49. Emerson Electric’s payout ratio is 57.40%.

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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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