Brick & Kyle Associates maintained its position in shares of Emerson Electric Company (NYSE:EMR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,749 shares of the industrial products company’s stock at the end of the first quarter. Brick & Kyle Associates’ holdings in Emerson Electric Company were worth $464,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Somerset Trust Co boosted its position in shares of Emerson Electric Company by 2.2% in the first quarter. Somerset Trust Co now owns 21,828 shares of the industrial products company’s stock valued at $1,306,000 after buying an additional 474 shares during the period. Hall Capital Management Co. Inc. bought a new position in shares of Emerson Electric Company during the fourth quarter valued at approximately $1,265,000. Syntal Capital Partners LLC bought a new position in shares of Emerson Electric Company during the fourth quarter valued at approximately $420,000. Norges Bank bought a new position in shares of Emerson Electric Company during the fourth quarter valued at approximately $269,944,000. Finally, Viking Fund Management LLC boosted its position in shares of Emerson Electric Company by 50.0% in the first quarter. Viking Fund Management LLC now owns 51,000 shares of the industrial products company’s stock valued at $3,053,000 after buying an additional 17,000 shares during the period. 69.82% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Emerson Electric Company (NYSE EMR) opened at 61.38 on Tuesday. The company’s 50-day moving average price is $59.25 and its 200 day moving average price is $59.12. The firm has a market capitalization of $39.56 billion, a PE ratio of 26.22 and a beta of 1.17. Emerson Electric Company has a 12-month low of $48.45 and a 12-month high of $64.36.

Emerson Electric Company (NYSE:EMR) last posted its earnings results on Tuesday, May 2nd. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. The firm had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.49 billion. Emerson Electric Company had a return on equity of 23.37% and a net margin of 8.72%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.57 earnings per share. On average, equities analysts forecast that Emerson Electric Company will post $2.60 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Friday, May 12th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, May 10th. This represents a $1.92 annualized dividend and a dividend yield of 3.13%. Emerson Electric Company’s dividend payout ratio is currently 81.70%.

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EMR has been the subject of several recent research reports. Berenberg Bank reissued a “sell” rating and set a $53.00 price target on shares of Emerson Electric Company in a research report on Wednesday, February 22nd. Zacks Investment Research raised Emerson Electric Company from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Thursday, March 2nd. HSBC Holdings plc raised Emerson Electric Company from a “reduce” rating to a “hold” rating and set a $55.00 price objective for the company in a research report on Friday, March 3rd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $58.00 price objective on shares of Emerson Electric Company in a research report on Sunday, March 12th. Finally, BidaskClub raised Emerson Electric Company from a “sell” rating to a “hold” rating in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $55.57.

Emerson Electric Company Company 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.

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