Trust Co. of Toledo NA OH lifted its holdings in Emerson Electric Company (NYSE:EMR) by 95.3% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 7,939 shares of the industrial products company’s stock after acquiring an additional 3,873 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Emerson Electric were worth $473,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake 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 period. Bank of New York Mellon Corp increased its stake 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 period. American International Group Inc. increased its stake 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 period. American Century Companies Inc. increased its stake 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 period. Finally, Legal & General Group Plc increased its stake 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 period. Hedge funds and other institutional investors own 70.03% of the company’s stock.

Several brokerages recently commented on EMR. BidaskClub downgraded shares of Emerson Electric from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $62.00 target price on shares of Emerson Electric in a research note on Tuesday, June 6th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $68.00 target price on shares of Emerson Electric in a research note on Wednesday, July 19th. Morgan Stanley reaffirmed an “overweight” rating on shares of Emerson Electric in a research note on Tuesday, July 11th. Finally, Berenberg Bank reaffirmed a “sell” rating and issued a $53.00 target price on shares of Emerson Electric in a research note on Friday, August 11th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. Emerson Electric has a consensus rating of “Hold” and a consensus price target of $60.52.

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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 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 the consensus estimate of $3.99 billion. During the same period last year, the company earned $0.68 earnings per share. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 11th were given a dividend of $0.48 per share. The ex-dividend date was Wednesday, August 9th. This represents a $1.92 annualized dividend and a dividend yield of 3.03%. Emerson Electric’s dividend payout ratio (DPR) is 85.33%.

In other news, insider Robert T. Sharp sold 2,000 shares of Emerson Electric stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $58.99, for a total transaction of $117,980.00. Following the completion of the sale, the insider now directly owns 64,290 shares in the company, valued at $3,792,467.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.79% of the stock is currently owned by company insiders.

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

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