Emerson Electric Co. (NYSE:EMR) Shares Sold by Pictet Asset Management Ltd.

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Pictet Asset Management Ltd. decreased its position in Emerson Electric Co. (NYSE:EMR) by 3.0% during the 2nd quarter, Holdings Channel reports. The firm owned 296,889 shares of the industrial products company’s stock after selling 9,300 shares during the quarter. Pictet Asset Management Ltd.’s holdings in Emerson Electric were worth $19,808,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Wilbanks Smith & Thomas Asset Management LLC lifted its position in shares of Emerson Electric by 3.7% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 4,412 shares of the industrial products company’s stock valued at $302,000 after acquiring an additional 157 shares in the last quarter. Investment Management of Virginia LLC lifted its position in shares of Emerson Electric by 0.7% in the second quarter. Investment Management of Virginia LLC now owns 26,212 shares of the industrial products company’s stock valued at $1,749,000 after acquiring an additional 175 shares in the last quarter. ETF Managers Group LLC lifted its position in shares of Emerson Electric by 9.0% in the first quarter. ETF Managers Group LLC now owns 2,125 shares of the industrial products company’s stock valued at $146,000 after acquiring an additional 176 shares in the last quarter. Boenning & Scattergood Inc. lifted its position in shares of Emerson Electric by 0.4% in the second quarter. Boenning & Scattergood Inc. now owns 48,998 shares of the industrial products company’s stock valued at $3,269,000 after acquiring an additional 185 shares in the last quarter. Finally, Great Valley Advisor Group Inc. lifted its position in shares of Emerson Electric by 4.9% in the second quarter. Great Valley Advisor Group Inc. now owns 3,945 shares of the industrial products company’s stock valued at $263,000 after acquiring an additional 185 shares in the last quarter. 70.57% of the stock is currently owned by institutional investors.

Several brokerages have recently issued reports on EMR. Credit Suisse Group reduced their price objective on Emerson Electric from $74.00 to $70.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Cowen reiterated a “buy” rating and set a $72.00 target price on shares of Emerson Electric in a research report on Friday, August 9th. Argus downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Barclays reiterated a “hold” rating and set a $65.00 target price on shares of Emerson Electric in a research report on Wednesday, September 4th. Finally, Morgan Stanley reduced their target price on 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 equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $72.29.

NYSE EMR traded up $1.17 during trading hours on Friday, hitting $65.88. 904,284 shares of the company’s stock were exchanged, compared to its average volume of 2,925,920. The business’s 50 day moving average is $60.81 and its 200-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. The firm has a market capitalization of $40.10 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 2.17 and a beta of 1.35. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.85 and a current ratio of 1.18.

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

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.96 annualized dividend and a yield of 2.98%. Emerson Electric’s dividend payout ratio is presently 57.99%.

In other Emerson Electric news, VP Bell Katherine Button sold 4,470 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was 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 $1,172,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.07% of the company’s stock.

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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