American International Group Inc. lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 471,707 shares of the industrial products company’s stock after acquiring an additional 11,147 shares during the period. American International Group Inc. owned 0.08% of Emerson Electric worth $36,123,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. First PREMIER Bank grew its position in Emerson Electric by 1.9% in the 3rd quarter. First PREMIER Bank now owns 36,665 shares of the industrial products company’s stock valued at $2,807,000 after buying an additional 684 shares during the last quarter. Windward Capital Management Co. CA grew its position in Emerson Electric by 2.3% in 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 buying an additional 688 shares during the last quarter. Truvestments Capital LLC grew its position in Emerson Electric by 6.4% in the 3rd quarter. Truvestments Capital LLC now owns 12,013 shares of the industrial products company’s stock valued at $920,000 after buying an additional 726 shares during the last quarter. Pennsylvania Trust Co grew its position in Emerson Electric by 0.9% in the 3rd quarter. Pennsylvania Trust Co now owns 81,167 shares of the industrial products company’s stock valued at $6,216,000 after buying an additional 732 shares during the last quarter. Finally, LMR Partners LLP grew its position in Emerson Electric by 22.8% in the 2nd quarter. LMR Partners LLP now owns 3,990 shares of the industrial products company’s stock valued at $276,000 after buying an additional 742 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

In other news, President Edward L. Monser sold 30,000 shares of Emerson Electric stock in a transaction on Friday, September 7th. The stock was sold at an average price of $75.84, for a total transaction of $2,275,200.00. Following the completion of the transaction, the president now owns 176,477 shares of the company’s stock, valued at approximately $13,384,015.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Edward L. Monser sold 60,000 shares of Emerson Electric 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 transaction, the president now directly owns 176,477 shares of the company’s stock, 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.

A number of equities analysts recently weighed in on EMR shares. ValuEngine lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Zacks Investment Research lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Barclays raised their target price on Emerson Electric from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, August 9th. JPMorgan Chase & Co. raised their target price on Emerson Electric from $79.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, August 10th. Finally, Argus raised their target price on Emerson Electric from $81.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, August 14th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company’s stock. Emerson Electric presently has a consensus rating of “Buy” and an average price target of $78.39.

NYSE:EMR opened at $67.11 on Wednesday. The firm has a market cap of $43.75 billion, a PE ratio of 19.86, a PEG ratio of 2.13 and a beta of 1.20. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 0.78. Emerson Electric Co. has a 52-week low of $60.02 and a 52-week high of $79.70.

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

The company also recently declared 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 represents a $1.96 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Thursday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.49. Emerson Electric’s payout ratio is 57.99%.

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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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