Emerson Electric Company (EMR) Stake Decreased by Ropes Wealth Advisors LLC

Ropes Wealth Advisors LLC lessened its holdings in shares of Emerson Electric Company (NYSE:EMR) by 8.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,779 shares of the industrial products company’s stock after selling 1,830 shares during the period. Ropes Wealth Advisors LLC’s holdings in Emerson Electric were worth $1,180,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Zeke Capital Advisors LLC lifted its holdings in shares of Emerson Electric by 121.9% during the 3rd quarter. Zeke Capital Advisors LLC now owns 11,381 shares of the industrial products company’s stock valued at $715,000 after purchasing an additional 6,251 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Emerson Electric by 1.9% during the 3rd quarter. Amalgamated Bank now owns 74,266 shares of the industrial products company’s stock valued at $4,667,000 after purchasing an additional 1,392 shares in the last quarter. BKS Advisors LLC lifted its holdings in shares of Emerson Electric by 5.3% during the 3rd quarter. BKS Advisors LLC now owns 33,292 shares of the industrial products company’s stock valued at $2,092,000 after purchasing an additional 1,676 shares in the last quarter. Nuance Investments LLC lifted its holdings in shares of Emerson Electric by 1.3% during the 3rd quarter. Nuance Investments LLC now owns 385,314 shares of the industrial products company’s stock valued at $24,213,000 after purchasing an additional 4,794 shares in the last quarter. Finally, Richard C. Young & CO. LTD. lifted its holdings in shares of Emerson Electric by 6.1% during the 3rd quarter. Richard C. Young & CO. LTD. now owns 35,714 shares of the industrial products company’s stock valued at $2,244,000 after purchasing an additional 2,053 shares in the last quarter. Institutional investors and hedge funds own 69.16% of the company’s stock.

EMR has been the topic of several research reports. Vertical Research upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research note on Tuesday. Edward Jones cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Cowen upgraded Emerson Electric to a “buy” rating and set a $71.00 target price on the stock in a research note on Monday, October 23rd. Royal Bank of Canada restated a “neutral” rating on shares of Emerson Electric in a research note on Thursday, November 9th. Finally, Citigroup restated a “sell” rating and issued a $61.00 target price (up previously from $58.00) on shares of Emerson Electric in a research note on Monday, October 9th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $65.86.

In other Emerson Electric news, VP Bell Katherine Button sold 7,518 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $66.36, for a total transaction of $498,894.48. Following the transaction, the vice president now owns 36,877 shares of the company’s stock, valued at approximately $2,447,157.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Frank J. Dellaquila sold 2,100 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total value of $136,017.00. Following the transaction, the vice president now directly owns 178,743 shares in the company, valued at approximately $11,577,184.11. The disclosure for this sale can be found here. Insiders have sold a total of 27,017 shares of company stock worth $1,771,129 in the last ninety days. Insiders own 0.79% of the company’s stock.

Emerson Electric Company (NYSE:EMR) opened at $72.43 on Friday. The firm has a market capitalization of $46,490.00, a P/E ratio of 28.29, a price-to-earnings-growth ratio of 3.20 and a beta of 1.24. Emerson Electric Company has a 1 year low of $55.40 and a 1 year high of $72.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.30 and a current ratio of 1.64.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. The firm had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.43 billion. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The business’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.74 EPS. sell-side analysts forecast that Emerson Electric Company will post 2.92 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Friday, November 17th were given a dividend of $0.485 per share. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, November 16th. This represents a $1.94 annualized dividend and a dividend yield of 2.68%. Emerson Electric’s payout ratio is 75.78%.

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About Emerson Electric

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

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

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