Wilkins Investment Counsel Inc. lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 0.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 110,900 shares of the industrial products company’s stock after selling 725 shares during the quarter. Emerson Electric accounts for 2.5% of Wilkins Investment Counsel Inc.’s investment portfolio, making the stock its 16th biggest position. Wilkins Investment Counsel Inc.’s holdings in Emerson Electric were worth $8,493,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Bank of America Corp DE grew its holdings in Emerson Electric by 1.8% in the 2nd quarter. Bank of America Corp DE now owns 23,145,471 shares of the industrial products company’s stock worth $1,600,277,000 after acquiring an additional 417,445 shares during the last quarter. Northern Trust Corp grew its holdings in Emerson Electric by 0.9% in the 2nd quarter. Northern Trust Corp now owns 9,540,319 shares of the industrial products company’s stock worth $659,617,000 after acquiring an additional 80,807 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Emerson Electric by 3,146,008.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 9,375,404 shares of the industrial products company’s stock worth $717,967,000 after acquiring an additional 9,375,106 shares during the last quarter. American Century Companies Inc. grew its holdings in Emerson Electric by 1.1% in the 2nd quarter. American Century Companies Inc. now owns 4,594,851 shares of the industrial products company’s stock worth $317,688,000 after acquiring an additional 51,585 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in Emerson Electric by 1.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,168,307 shares of the industrial products company’s stock worth $288,197,000 after acquiring an additional 62,727 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

In related news, President Edward L. Monser sold 30,000 shares of the business’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $75.84, for a total transaction of $2,275,200.00. Following the sale, the president now owns 176,477 shares of the company’s stock, valued at $13,384,015.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Edward L. Monser sold 60,000 shares of the business’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $76.10, for a total transaction of $4,566,000.00. Following the sale, the president now directly owns 176,477 shares in the company, valued at approximately $13,429,899.70. The disclosure for this sale can be found here. Insiders own 0.84% of the company’s stock.

Shares of EMR traded down $0.57 during trading hours on Monday, reaching $69.05. 220,408 shares of the company traded hands, compared to its average volume of 4,387,486. The firm has a market capitalization of $43.75 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 2.13 and a beta of 1.20. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.35. Emerson Electric Co. has a 12 month low of $58.69 and a 12 month high of $79.70.

Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.91 billion. Emerson Electric had a net margin of 12.65% and a return on equity of 23.06%. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 EPS. On average, research analysts forecast that Emerson Electric Co. will post 3.68 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 16th will be paid a dividend of $0.49 per share. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, November 15th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.84%. Emerson Electric’s payout ratio is presently 57.99%.

A number of equities research analysts have issued reports on the stock. Berenberg Bank set a $67.00 price target on shares of Emerson Electric and gave the stock a “hold” rating in a report on Monday. Zacks Investment Research lowered shares of Emerson Electric from a “hold” rating to a “sell” rating in a report on Tuesday, November 13th. Robert W. Baird cut their price target on shares of Emerson Electric from $80.00 to $78.00 and set a “neutral” rating on the stock in a report on Monday, November 12th. ValuEngine lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Finally, Cowen reissued a “buy” rating and issued a $81.00 price target on shares of Emerson Electric in a report on Tuesday, November 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price 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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