Farmers & Merchants Investments Inc. boosted its position in shares of Emerson Electric Company (NYSE:EMR) by 6.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,090 shares of the industrial products company’s stock after buying an additional 4,616 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Emerson Electric were worth $4,536,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Emerson Electric by 5.8% in the first quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock worth $2,615,777,000 after buying an additional 2,404,844 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Emerson Electric by 2.3% in the first quarter. Bank of New York Mellon Corp now owns 14,552,526 shares of the industrial products company’s stock worth $871,114,000 after buying an additional 332,238 shares during the last quarter. American International Group Inc. raised its position in shares of Emerson Electric by 0.6% in the first quarter. American International Group Inc. now owns 9,041,764 shares of the industrial products company’s stock worth $541,240,000 after buying an additional 53,444 shares during the last quarter. American Century Companies Inc. raised its position in shares of Emerson Electric by 19.4% in the first quarter. American Century Companies Inc. now owns 4,338,862 shares of the industrial products company’s stock worth $259,724,000 after buying an additional 705,924 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of Emerson Electric by 5.5% in the first quarter. Legal & General Group Plc now owns 3,358,845 shares of the industrial products company’s stock worth $201,055,000 after buying an additional 174,816 shares during the last quarter. Institutional investors own 69.06% of the company’s stock.

Shares of Emerson Electric Company (EMR) traded down 0.42% during mid-day trading on Friday, hitting $58.89. The company had a trading volume of 2,802,773 shares. The firm has a 50-day moving average of $59.83 and a 200-day moving average of $59.84. Emerson Electric Company has a 12 month low of $49.22 and a 12 month high of $64.36. The company has a market cap of $37.69 billion, a PE ratio of 26.28 and a beta of 1.20.

Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.68. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same period in the prior year, the business posted $0.68 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, analysts expect that Emerson Electric Company will post $2.61 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 11th will be given a dividend of $0.48 per share. The ex-dividend date is Wednesday, August 9th. This represents a $1.92 annualized dividend and a yield of 3.26%. Emerson Electric’s dividend payout ratio (DPR) is presently 85.33%.

WARNING: This report was first reported by Daily Political and is the property of of Daily Political. If you are viewing this report on another website, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this report can be accessed at https://www.dailypolitical.com/2017/08/13/farmers-merchants-investments-inc-raises-position-in-emerson-electric-company-nyseemr.html.

EMR has been the topic of a number of research reports. TheStreet upgraded Emerson Electric from a “c+” rating to a “b” rating in a report on Thursday, May 4th. Royal Bank Of Canada restated a “sector perform” rating and issued a $62.00 price objective (up previously from $61.00) on shares of Emerson Electric in a report on Wednesday, August 2nd. Zacks Investment Research lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, May 5th. Berenberg Bank reiterated a “sell” rating and set a $53.00 price target on shares of Emerson Electric in a report on Friday. Finally, Cowen and Company reiterated a “hold” rating and set a $62.00 price target on shares of Emerson Electric in a report on Tuesday, April 25th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company. Emerson Electric currently has a consensus rating of “Hold” and a consensus price target of $58.14.

About Emerson Electric

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.

Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Company (NYSE:EMR).

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

Receive News & Ratings for Emerson Electric Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric Company and related companies with MarketBeat.com's FREE daily email newsletter.