New England Research & Management Inc. Sells 225 Shares of Emerson Electric Co. (NYSE:EMR)

New England Research & Management Inc. decreased its position in Emerson Electric Co. (NYSE:EMR) by 2.7% during the third quarter, HoldingsChannel.com reports. The fund owned 8,183 shares of the industrial products company’s stock after selling 225 shares during the quarter. New England Research & Management Inc.’s holdings in Emerson Electric were worth $547,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in EMR. Gradient Investments LLC boosted its holdings in shares of Emerson Electric by 164.4% in the 3rd quarter. Gradient Investments LLC now owns 386 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 240 shares during the period. Candriam Luxembourg S.C.A. boosted its holdings in shares of Emerson Electric by 12.8% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 382,028 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 43,374 shares during the period. Ellevest Inc. boosted its holdings in shares of Emerson Electric by 110.0% in the 2nd quarter. Ellevest Inc. now owns 420 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 220 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Emerson Electric by 80.3% in 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. Finally, Garrett Wealth Advisory Group LLC purchased a new position in shares of Emerson Electric in the 3rd quarter worth approximately $31,000. Hedge funds and other institutional investors own 70.32% of the company’s stock.

EMR traded up $0.09 during trading hours on Friday, reaching $73.88. 2,206,288 shares of the company’s stock traded hands, compared to its average volume of 3,242,199. The firm has a 50-day moving average price of $67.96 and a 200 day moving average price of $64.99. Emerson Electric Co. has a 52-week low of $55.38 and a 52-week high of $75.54. The company has a quick ratio of 0.85, a current ratio of 1.19 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $45.39 billion, a PE ratio of 20.02, a PEG ratio of 2.52 and a beta of 1.37.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.07. Emerson Electric had a return on equity of 26.32% and a net margin of 12.55%. The company had revenue of $4.97 billion during the quarter, compared to analysts’ expectations of $5.02 billion. During the same quarter in the previous year, the business earned $0.89 EPS. Emerson Electric’s revenue was up 1.7% compared to the same quarter last year. Equities analysts predict that Emerson Electric Co. will post 3.65 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Thursday, November 14th. Emerson Electric’s payout ratio is currently 53.12%.

A number of equities analysts have recently commented on the company. Stephens set a $71.00 target price on Emerson Electric and gave the stock a “buy” rating in a report on Monday, September 30th. Barclays dropped their target price on Emerson Electric from $65.00 to $64.00 and set an “equal weight” rating for the company in a report on Monday, September 30th. Deutsche Bank dropped their target price on Emerson Electric from $74.00 to $73.00 and set a “buy” rating for the company in a report on Monday, August 5th. Citigroup lifted their target price on Emerson Electric from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Credit Suisse Group lifted their target price on Emerson Electric from $73.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $73.86.

Emerson Electric 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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