Keybank National Association OH lowered its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 4.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 615,524 shares of the industrial products company’s stock after selling 27,491 shares during the period. Keybank National Association OH’s holdings in Emerson Electric were worth $41,154,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Emerson Electric by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 47,199,698 shares of the industrial products company’s stock worth $3,149,164,000 after acquiring an additional 261,666 shares during the period. Longview Partners Guernsey LTD lifted its stake in shares of Emerson Electric by 13.7% in the 2nd quarter. Longview Partners Guernsey LTD now owns 16,863,972 shares of the industrial products company’s stock worth $1,125,164,000 after acquiring an additional 2,034,380 shares during the period. Northern Trust Corp lifted its stake in shares of Emerson Electric by 0.4% in the 2nd quarter. Northern Trust Corp now owns 9,480,062 shares of the industrial products company’s stock worth $632,511,000 after acquiring an additional 36,921 shares during the period. Morgan Stanley lifted its stake in shares of Emerson Electric by 41.3% in the 2nd quarter. Morgan Stanley now owns 6,534,287 shares of the industrial products company’s stock worth $435,968,000 after acquiring an additional 1,909,769 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Emerson Electric by 3.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,830,660 shares of the industrial products company’s stock worth $322,302,000 after acquiring an additional 146,741 shares during the period. Hedge funds and other institutional investors own 70.32% of the company’s stock.

Several research firms have recently commented on EMR. Morgan Stanley raised their target price on shares of Emerson Electric from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday. Cowen cut shares of Emerson Electric from an “outperform” rating to a “market perform” rating and set a $72.00 target price for the company. in a research note on Wednesday. Wolfe Research set a $72.00 target price on shares of Emerson Electric and gave the stock a “buy” rating in a research note on Thursday, September 26th. Royal Bank of Canada upgraded shares of Emerson Electric from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $65.00 to $77.00 in a research note on Monday, September 30th. Finally, Argus downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $73.86.

NYSE:EMR traded down $0.19 during mid-day trading on Friday, hitting $73.60. 79,677 shares of the company’s stock traded hands, compared to its average volume of 3,099,962. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.85 and a current ratio of 1.19. The firm’s 50 day simple moving average is $67.79 and its 200 day simple moving average is $64.99. Emerson Electric Co. has a 1 year low of $55.38 and a 1 year high of $75.54. The company has a market cap of $45.39 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 2.52 and a beta of 1.37.

Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, November 5th. The industrial products company reported $1.07 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.07. Emerson Electric had a net margin of 12.55% and a return on equity of 26.32%. The firm had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $5.02 billion. During the same period last year, the firm posted $0.89 EPS. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, research analysts expect that Emerson Electric Co. will post 3.65 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, November 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.72%. Emerson Electric’s dividend payout ratio (DPR) is presently 53.12%.

About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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

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