United Asset Strategies Inc. Increases Stake in Emerson Electric Co. (NYSE:EMR)

United Asset Strategies Inc. lifted its stake in Emerson Electric Co. (NYSE:EMR) by 9.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 42,888 shares of the industrial products company’s stock after acquiring an additional 3,822 shares during the period. United Asset Strategies Inc.’s holdings in Emerson Electric were worth $2,862,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in EMR. Glassman Wealth Services raised its position in Emerson Electric by 240.7% during the 1st quarter. Glassman Wealth Services now owns 402 shares of the industrial products company’s stock worth $28,000 after buying an additional 284 shares during the last quarter. Larson Financial Group LLC raised its position in Emerson Electric by 80.3% during the 2nd quarter. Larson Financial Group LLC now owns 440 shares of the industrial products company’s stock worth $29,000 after buying an additional 196 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Emerson Electric during the 1st quarter worth approximately $34,000. Westside Investment Management Inc. purchased a new position in Emerson Electric during the 2nd quarter worth approximately $34,000. Finally, Legacy Advisors LLC purchased a new position in Emerson Electric during the 1st quarter worth approximately $41,000. 70.30% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Michael H. Train sold 12,278 shares of Emerson Electric stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $63.80, for a total value of $783,336.40. Following the sale, the insider now owns 129,298 shares of the company’s stock, valued at approximately $8,249,212.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Bell Katherine Button sold 4,470 shares of Emerson Electric stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $65.00, for a total transaction of $290,550.00. Following the completion of the sale, the vice president now directly owns 18,040 shares in the company, valued at approximately $1,172,600. The disclosure for this sale can be found here. Insiders sold a total of 40,333 shares of company stock worth $2,583,230 in the last three months. 0.07% of the stock is owned by corporate insiders.



A number of research firms have issued reports on EMR. Cowen reissued a “buy” rating and set a $72.00 price target on shares of Emerson Electric in a research report on Friday. Deutsche Bank reduced their price target on shares of Emerson Electric from $74.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Credit Suisse Group reduced their price target on shares of Emerson Electric from $74.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Zacks Investment Research cut shares of Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price objective on the stock. in a research note on Tuesday, July 23rd. Finally, Argus cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. Emerson Electric currently has an average rating of “Hold” and a consensus target price of $73.40.

Shares of NYSE EMR traded up $1.08 during midday trading on Tuesday, reaching $59.39. 2,355,277 shares of the stock were exchanged, compared to its average volume of 3,165,200. The company has a market capitalization of $36.56 billion, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 2.00 and a beta of 1.32. Emerson Electric Co. has a twelve month low of $55.38 and a twelve month high of $79.70. The firm has a 50-day moving average price of $64.53. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 0.49.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.94 EPS for the quarter, hitting analysts’ consensus estimates of $0.94. The business had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.82 billion. Emerson Electric had a net margin of 12.06% and a return on equity of 24.67%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $1.12 EPS. On average, analysts forecast that Emerson Electric Co. will post 3.64 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 16th will be paid a $0.49 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.96 dividend on an annualized basis and a yield of 3.30%. Emerson Electric’s dividend payout ratio is currently 57.99%.

Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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

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