Perigon Wealth Management LLC decreased its position in shares of Emerson Electric Company (NYSE:EMR) by 0.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,367 shares of the industrial products company’s stock after selling 140 shares during the period. Perigon Wealth Management LLC’s holdings in Emerson Electric were worth $1,099,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America increased its position in shares of Emerson Electric by 1.1% in the first quarter. Guardian Life Insurance Co. of America now owns 2,491 shares of the industrial products company’s stock worth $149,000 after buying an additional 28 shares in the last quarter. CAPROCK Group Inc. increased its position in shares of Emerson Electric by 0.8% in the first quarter. CAPROCK Group Inc. now owns 4,689 shares of the industrial products company’s stock worth $281,000 after buying an additional 37 shares in the last quarter. Cadence Bank NA increased its position in shares of Emerson Electric by 0.3% in the first quarter. Cadence Bank NA now owns 12,322 shares of the industrial products company’s stock worth $738,000 after buying an additional 37 shares in the last quarter. Lourd Capital LLC increased its position in shares of Emerson Electric by 0.4% in the first quarter. Lourd Capital LLC now owns 9,242 shares of the industrial products company’s stock worth $553,000 after buying an additional 40 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. increased its position in shares of Emerson Electric by 1.3% in the first quarter. ZWJ Investment Counsel Inc. now owns 4,030 shares of the industrial products company’s stock worth $241,000 after buying an additional 50 shares in the last quarter. 69.42% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Company (NYSE:EMR) traded up 0.02% during trading on Friday, reaching $58.30. The company’s stock had a trading volume of 861,788 shares. Emerson Electric Company has a 12-month low of $49.22 and a 12-month high of $64.36. The firm’s 50-day moving average price is $59.86 and its 200 day moving average price is $59.82. The company has a market capitalization of $37.31 billion, a P/E ratio of 26.02 and a beta of 1.20.

Emerson Electric (NYSE:EMR) last issued 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 business had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the prior year, the business earned $0.68 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, analysts predict that Emerson Electric Company will post $2.61 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 11th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Wednesday, August 9th. Emerson Electric’s dividend payout ratio is 85.33%.

WARNING: “Perigon Wealth Management LLC Has $1.10 Million Position in Emerson Electric Company (EMR)” was posted by Daily Political and is owned by of Daily Political. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/08/18/perigon-wealth-management-llc-has-1-10-million-position-in-emerson-electric-company-emr.html.

A number of brokerages recently commented on EMR. Royal Bank Of Canada restated a “sector perform” rating and set a $62.00 target price (up previously from $61.00) on shares of Emerson Electric in a report on Wednesday, August 2nd. Berenberg Bank restated a “sell” rating and set a $53.00 target price on shares of Emerson Electric in a report on Friday, August 11th. Cowen and Company restated a “hold” rating and set a $62.00 target price on shares of Emerson Electric in a report on Tuesday, April 25th. BidaskClub downgraded Emerson Electric from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Finally, Morgan Stanley restated an “overweight” rating on shares of Emerson Electric in a report on Tuesday, July 11th. Three 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. The company presently has a consensus rating of “Hold” and a consensus target price 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.