Wade G W & Inc. Has $1.05 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

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Wade G W & Inc. lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 1.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,955 shares of the industrial products company’s stock after selling 251 shares during the period. Wade G W & Inc.’s holdings in Emerson Electric were worth $1,046,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. American International Group Inc. increased its holdings in shares of Emerson Electric by 742.3% during the second quarter. American International Group Inc. now owns 3,683,492 shares of the industrial products company’s stock worth $228,487,000 after buying an additional 3,246,204 shares in the last quarter. Whittier Trust Co. increased its holdings in shares of Emerson Electric by 3,341.3% during the third quarter. Whittier Trust Co. now owns 3,124,902 shares of the industrial products company’s stock worth $204,868,000 after buying an additional 3,034,095 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Emerson Electric by 44.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 7,666,927 shares of the industrial products company’s stock worth $475,580,000 after buying an additional 2,349,909 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Emerson Electric by 4.8% during the second quarter. Vanguard Group Inc. now owns 51,413,180 shares of the industrial products company’s stock worth $3,189,159,000 after buying an additional 2,332,236 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Emerson Electric by 26.0% during the second quarter. Bank of New York Mellon Corp now owns 9,058,536 shares of the industrial products company’s stock worth $561,900,000 after buying an additional 1,868,940 shares in the last quarter. 72.37% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on EMR shares. JPMorgan Chase & Co. raised their price target on shares of Emerson Electric from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, October 7th. Credit Suisse Group raised their price target on shares of Emerson Electric from $77.00 to $79.00 and gave the company an “outperform” rating in a report on Wednesday, November 4th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Emerson Electric from $72.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, November 4th. Argus reissued a “buy” rating and issued a $80.00 price target on shares of Emerson Electric in a report on Wednesday, November 4th. Finally, Berenberg Bank assumed coverage on shares of Emerson Electric in a report on Thursday, August 20th. They issued a “buy” rating and a $83.00 price target for the company. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $71.06.

Shares of NYSE EMR opened at $77.99 on Tuesday. The company’s fifty day moving average is $69.16 and its 200-day moving average is $64.60. The stock has a market cap of $46.61 billion, a price-to-earnings ratio of 24.07, a P/E/G ratio of 2.57 and a beta of 1.52. Emerson Electric Co. has a twelve month low of $37.75 and a twelve month high of $78.38. The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 0.75.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Sunday, November 8th. The industrial products company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.15. The company had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $4.49 billion. Emerson Electric had a net margin of 11.71% and a return on equity of 25.98%. The business’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same period last year, the firm posted $1.07 earnings per share. On average, research analysts anticipate that Emerson Electric Co. will post 3.45 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 13th will be given a dividend of $0.505 per share. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.59%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.50. The ex-dividend date is Thursday, November 12th. Emerson Electric’s dividend payout ratio (DPR) is currently 58.38%.

Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides solutions to industrial, commercial, and consumer markets worldwide. It operates through Automation Solutions and Commercial & Residential Solutions segments. The Automation Solutions segment offers measurement and analytical instrumentation, industrial valves and equipment, and process control software and systems.

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

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