Thompson Rubinstein Investment Management Inc. OR reduced its stake in Emerson Electric Company (NYSE:EMR) by 2.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,285 shares of the industrial products company’s stock after selling 1,450 shares during the quarter. Emerson Electric accounts for 1.5% of Thompson Rubinstein Investment Management Inc. OR’s portfolio, making the stock its 28th largest position. Thompson Rubinstein Investment Management Inc. OR’s holdings in Emerson Electric were worth $4,131,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Acadian Asset Management LLC lifted its position in Emerson Electric by 52,233.3% during the 1st quarter. Acadian Asset Management LLC now owns 12,560 shares of the industrial products company’s stock worth $752,000 after buying an additional 12,536 shares in the last quarter. Glen Harbor Capital Management LLC lifted its position in Emerson Electric by 23.2% during the 1st quarter. Glen Harbor Capital Management LLC now owns 13,692 shares of the industrial products company’s stock worth $820,000 after buying an additional 2,576 shares in the last quarter. Mycio Wealth Partners LLC lifted its position in Emerson Electric by 22.0% during the 1st quarter. Mycio Wealth Partners LLC now owns 14,964 shares of the industrial products company’s stock worth $896,000 after buying an additional 2,699 shares in the last quarter. First Mercantile Trust Co. lifted its position in Emerson Electric by 405.7% during the 1st quarter. First Mercantile Trust Co. now owns 13,587 shares of the industrial products company’s stock worth $812,000 after buying an additional 10,900 shares in the last quarter. Finally, Delta Asset Management LLC TN lifted its position in Emerson Electric by 0.7% during the 1st quarter. Delta Asset Management LLC TN now owns 100,883 shares of the industrial products company’s stock worth $6,038,000 after buying an additional 652 shares in the last quarter. 70.19% of the stock is currently owned by institutional investors and hedge funds.

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In related news, insider Robert T. Sharp sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $58.99, for a total transaction of $117,980.00. Following the transaction, the insider now directly owns 64,290 shares of the company’s stock, valued at $3,792,467.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.79% of the stock is owned by company insiders.

Several equities research analysts have commented on the stock. BidaskClub cut shares of Emerson Electric from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $68.00 target price on shares of Emerson Electric in a report on Wednesday, July 19th. Morgan Stanley reaffirmed an “overweight” rating on shares of Emerson Electric in a report on Tuesday, July 11th. JMP Securities started coverage on shares of Emerson Electric in a report on Monday, June 19th. They issued an “outperform” rating and a $70.00 target price on the stock. Finally, Berenberg Bank reaffirmed a “sell” rating and issued a $53.00 target price on shares of Emerson Electric in a report on Friday, August 11th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $60.52.

Shares of Emerson Electric Company (NYSE:EMR) traded up 0.78% on Friday, reaching $62.37. 1,494,881 shares of the company were exchanged. The company’s 50 day moving average is $59.59 and its 200 day moving average is $59.53. Emerson Electric Company has a 12-month low of $49.22 and a 12-month high of $64.36. The firm has a market capitalization of $39.92 billion, a PE ratio of 27.83 and a beta of 1.18.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.68. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same period last year, the firm earned $0.68 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. Analysts forecast that Emerson Electric Company will post $2.61 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 11th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date was Wednesday, August 9th. Emerson Electric’s payout ratio is currently 85.33%.

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.

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

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