D.A. Davidson & CO. Increases Stock Position in Emerson Electric Co. (NYSE:EMR)

D.A. Davidson & CO. boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 5.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 448,319 shares of the industrial products company’s stock after buying an additional 21,760 shares during the quarter. D.A. Davidson & CO. owned 0.07% of Emerson Electric worth $29,975,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in EMR. Nuveen Asset Management LLC lifted its holdings in Emerson Electric by 8,529.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,314,570 shares of the industrial products company’s stock worth $154,428,000 after buying an additional 2,287,747 shares in the last quarter. Longview Partners Guernsey LTD lifted its holdings in Emerson Electric by 13.7% during the 2nd quarter. Longview Partners Guernsey LTD now owns 16,863,972 shares of the industrial products company’s stock worth $1,125,164,000 after buying an additional 2,034,380 shares in the last quarter. Morgan Stanley lifted its holdings in Emerson Electric by 41.3% during the 2nd quarter. Morgan Stanley now owns 6,534,287 shares of the industrial products company’s stock worth $435,968,000 after buying an additional 1,909,769 shares in the last quarter. Senator Investment Group LP acquired a new stake in Emerson Electric during the 2nd quarter worth approximately $86,736,000. Finally, Jensen Investment Management Inc. lifted its holdings in Emerson Electric by 23.7% during the 2nd quarter. Jensen Investment Management Inc. now owns 3,490,998 shares of the industrial products company’s stock worth $232,919,000 after buying an additional 667,979 shares in the last quarter. Institutional investors own 70.56% of the company’s stock.

In other Emerson Electric news, Director Mark A. Blinn acquired 1,400 shares of the stock in a transaction on Friday, November 15th. The shares were bought at an average cost of $73.11 per share, with a total value of $102,354.00. Following the transaction, the director now owns 2,413 shares of the company’s stock, valued at approximately $176,414.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Frank J. Dellaquila sold 40,817 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $73.73, for a total transaction of $3,009,437.41. Following the transaction, the chief financial officer now directly owns 278,803 shares in the company, valued at $20,556,145.19. The disclosure for this sale can be found here. Insiders have sold a total of 56,565 shares of company stock worth $4,168,420 over the last quarter. 0.07% of the stock is owned by company insiders.

NYSE:EMR traded up $0.89 during midday trading on Wednesday, hitting $73.50. 2,254,697 shares of the company were exchanged, compared to its average volume of 3,161,040. The company has a fifty day simple moving average of $72.14 and a 200 day simple moving average of $65.52. Emerson Electric Co. has a fifty-two week low of $55.38 and a fifty-two week high of $75.54. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $44.80 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 2.57 and a beta of 1.39.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.07 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.07. Emerson Electric had a net margin of 12.55% and a return on equity of 26.32%. The firm had revenue of $4.97 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same period last year, the business earned $0.89 EPS. Emerson Electric’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, equities research analysts expect that Emerson Electric Co. will post 3.63 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, November 14th. This represents a $2.00 annualized dividend and a yield of 2.72%. Emerson Electric’s dividend payout ratio is currently 54.20%.

EMR has been the topic of a number of research reports. Royal Bank of Canada upgraded shares of Emerson Electric from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $65.00 to $77.00 in a report on Monday, September 30th. Barclays reduced their price objective on shares of Emerson Electric from $65.00 to $64.00 and set an “equal weight” rating on the stock in a report on Monday, September 30th. Deutsche Bank reduced their price objective on shares of Emerson Electric from $82.00 to $81.00 and set a “buy” rating on the stock in a report on Wednesday. Argus lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, Stephens set a $71.00 price objective on shares of Emerson Electric and gave the company a “buy” rating in a report on Monday, September 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Emerson Electric currently has a consensus rating of “Hold” and an average price target of $72.08.

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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