Lincoln National Corp Increases Holdings in Emerson Electric Co. (NYSE:EMR)

Lincoln National Corp increased its stake in Emerson Electric Co. (NYSE:EMRGet Rating) by 4.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 11,717 shares of the industrial products company’s stock after buying an additional 520 shares during the quarter. Lincoln National Corp’s holdings in Emerson Electric were worth $858,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Brown Advisory Inc. grew its position in shares of Emerson Electric by 0.7% in the second quarter. Brown Advisory Inc. now owns 188,867 shares of the industrial products company’s stock valued at $15,023,000 after purchasing an additional 1,265 shares in the last quarter. Wipfli Financial Advisors LLC bought a new stake in Emerson Electric during the third quarter valued at $284,000. FDx Advisors Inc. bought a new stake in Emerson Electric during the second quarter valued at $230,000. Industrial Alliance Investment Management Inc. boosted its stake in Emerson Electric by 5.5% during the second quarter. Industrial Alliance Investment Management Inc. now owns 3,278 shares of the industrial products company’s stock valued at $261,000 after buying an additional 170 shares during the period. Finally, Coston McIsaac & Partners bought a new stake in Emerson Electric during the second quarter valued at $247,000. 71.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EMR has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lowered Emerson Electric from a “buy” rating to a “hold” rating and dropped their price objective for the company from $97.00 to $96.00 in a research note on Tuesday, November 1st. Morgan Stanley lifted their price target on Emerson Electric from $90.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 3rd. Barclays dropped their price target on Emerson Electric from $82.00 to $80.00 and set an “equal weight” rating for the company in a research note on Monday, October 3rd. Citigroup lifted their price target on Emerson Electric from $99.00 to $109.00 and gave the stock a “buy” rating in a research note on Friday, December 9th. Finally, UBS Group lowered Emerson Electric from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $118.00 to $100.00 in a research note on Wednesday, January 4th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $98.77.

Insiders Place Their Bets

In other Emerson Electric news, CFO Frank J. Dellaquila sold 4,617 shares of the company’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $91.40, for a total transaction of $421,993.80. Following the transaction, the chief financial officer now owns 354,858 shares in the company, valued at approximately $32,434,021.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Emerson Electric news, CFO Frank J. Dellaquila sold 4,617 shares of the company’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $91.40, for a total transaction of $421,993.80. Following the transaction, the chief financial officer now owns 354,858 shares in the company, valued at approximately $32,434,021.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Sara Yang Bosco sold 10,977 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $91.13, for a total value of $1,000,334.01. Following the completion of the sale, the vice president now owns 118,205 shares in the company, valued at approximately $10,772,021.65. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.

Emerson Electric Trading Up 0.5 %

NYSE EMR opened at $89.48 on Wednesday. Emerson Electric Co. has a 1-year low of $72.40 and a 1-year high of $100.00. The firm has a market cap of $52.92 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 2.57 and a beta of 1.41. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.51. The stock has a 50-day moving average of $95.04 and a 200-day moving average of $87.69.

Emerson Electric (NYSE:EMRGet Rating) last announced its quarterly earnings results on Monday, October 31st. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.14. Emerson Electric had a return on equity of 23.43% and a net margin of 16.46%. The company had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.33 billion. During the same quarter in the previous year, the business earned $1.21 EPS. Emerson Electric’s revenue was up 8.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Emerson Electric Co. will post 4.08 EPS for the current year.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Friday, November 11th were issued a dividend of $0.52 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.52. The ex-dividend date was Wednesday, November 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.32%. Emerson Electric’s dividend payout ratio is 38.45%.

Emerson Electric Profile

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Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, AspenTech, and Commercial & Residential Solutions segments.

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

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