Emerson Electric Co. (NYSE:EMR) Shares Bought by Natixis

Natixis raised its position in Emerson Electric Co. (NYSE:EMR) by 2,109.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 93,567 shares of the industrial products company’s stock after buying an additional 89,332 shares during the quarter. Natixis’ holdings in Emerson Electric were worth $6,243,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in EMR. Glassman Wealth Services grew its stake in shares of 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 purchasing an additional 284 shares during the period. Larson Financial Group LLC grew its stake in shares of 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 purchasing an additional 196 shares during the period. Westside Investment Management Inc. purchased a new stake in shares of Emerson Electric in the 2nd quarter worth about $34,000. Rational Advisors LLC purchased a new stake in shares of Emerson Electric in the 1st quarter worth about $41,000. Finally, Lenox Wealth Management Inc. boosted its position in shares of Emerson Electric by 133.5% in the 1st quarter. Lenox Wealth Management Inc. now owns 787 shares of the industrial products company’s stock worth $54,000 after buying an additional 450 shares in the last quarter. 70.57% of the stock is currently owned by institutional investors.

In other news, VP Bell Katherine Button sold 4,470 shares of the company’s stock in a transaction dated 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 transaction, the vice president now owns 18,040 shares of the company’s stock, valued at approximately $1,172,600. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.07% of the company’s stock.



NYSE:EMR traded down $0.10 on Thursday, reaching $65.10. The stock had a trading volume of 1,158,277 shares, compared to its average volume of 3,248,306. The company has a market cap of $39.82 billion, a price-to-earnings ratio of 19.26, a P/E/G ratio of 2.14 and a beta of 1.35. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.18 and a quick ratio of 0.85. The firm’s fifty day moving average is $60.81 and its two-hundred day moving average is $65.41. Emerson Electric Co. has a 12-month low of $55.38 and a 12-month high of $79.70.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.94 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.94. Emerson Electric had a net margin of 12.06% and a return on equity of 24.67%. The company had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter in the prior year, the company posted $1.12 EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, research analysts forecast that Emerson Electric Co. will post 3.64 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend was Thursday, August 15th. Emerson Electric’s dividend payout ratio is currently 57.99%.

EMR has been the topic of several recent research reports. Zacks Investment Research lowered 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 report on Tuesday, July 23rd. Deutsche Bank decreased their price objective on shares of Emerson Electric from $74.00 to $73.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Cowen reiterated a “buy” rating and issued a $72.00 price objective on shares of Emerson Electric in a research report on Friday, August 9th. Barclays reiterated a “hold” rating and issued a $65.00 price objective on shares of Emerson Electric in a research report on Wednesday, September 4th. Finally, Morgan Stanley decreased their price objective on shares of Emerson Electric from $84.00 to $76.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $72.29.

About Emerson Electric

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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