Mengis Capital Management Inc. reduced its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 24.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,984 shares of the industrial products company’s stock after selling 3,300 shares during the quarter. Mengis Capital Management Inc.’s holdings in Emerson Electric were worth $764,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of EMR. First PREMIER Bank lifted its holdings in Emerson Electric by 1.9% during the 3rd quarter. First PREMIER Bank now owns 36,665 shares of the industrial products company’s stock valued at $2,807,000 after purchasing an additional 684 shares during the last quarter. Windward Capital Management Co. CA lifted its holdings in Emerson Electric by 2.3% during the 3rd quarter. Windward Capital Management Co. CA now owns 31,021 shares of the industrial products company’s stock valued at $2,376,000 after purchasing an additional 688 shares during the last quarter. Courier Capital LLC lifted its holdings in Emerson Electric by 3.3% during the 2nd quarter. Courier Capital LLC now owns 22,555 shares of the industrial products company’s stock valued at $1,559,000 after purchasing an additional 718 shares during the last quarter. Truvestments Capital LLC lifted its holdings in Emerson Electric by 6.4% during the 3rd quarter. Truvestments Capital LLC now owns 12,013 shares of the industrial products company’s stock valued at $920,000 after purchasing an additional 726 shares during the last quarter. Finally, Orca Investment Management LLC lifted its holdings in Emerson Electric by 15.3% during the 2nd quarter. Orca Investment Management LLC now owns 5,502 shares of the industrial products company’s stock valued at $380,000 after purchasing an additional 732 shares during the last quarter. 70.33% of the stock is owned by institutional investors.

EMR opened at $68.49 on Friday. Emerson Electric Co. has a fifty-two week low of $57.47 and a fifty-two week high of $79.70. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 0.97. The firm has a market cap of $43.91 billion, a PE ratio of 22.47, a PEG ratio of 2.11 and a beta of 1.20.

Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.03). Emerson Electric had a return on equity of 23.06% and a net margin of 12.65%. The firm had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.91 billion. During the same period in the prior year, the business posted $0.83 EPS. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, sell-side analysts predict that Emerson Electric Co. will post 3.69 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 16th will be issued a dividend of $0.49 per share. The ex-dividend date is Thursday, November 15th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.86%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.49. Emerson Electric’s dividend payout ratio (DPR) is currently 57.40%.

In related news, President Edward L. Monser sold 30,000 shares of the firm’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $75.84, for a total value of $2,275,200.00. Following the transaction, the president now owns 176,477 shares in the company, valued at $13,384,015.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Edward L. Monser sold 60,000 shares of the firm’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $76.10, for a total value of $4,566,000.00. Following the completion of the transaction, the president now owns 176,477 shares in the company, valued at approximately $13,429,899.70. The disclosure for this sale can be found here. Insiders have sold 96,409 shares of company stock valued at $7,317,004 in the last three months. Insiders own 0.79% of the company’s stock.

Several equities research analysts have issued reports on EMR shares. Morgan Stanley started coverage on Emerson Electric in a report on Monday, August 20th. They set an “overweight” rating and a $85.00 price target for the company. JPMorgan Chase & Co. raised their price target on Emerson Electric from $79.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, August 10th. William Blair reaffirmed a “market perform” rating on shares of Emerson Electric in a report on Tuesday. UBS Group set a $85.00 price target on Emerson Electric and gave the company a “buy” rating in a report on Thursday. Finally, Bank of America raised their price target on Emerson Electric from $82.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, October 4th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Emerson Electric has a consensus rating of “Buy” and an average price target of $78.30.

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About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

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

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