Shell Asset Management Co. Increases Holdings in Emerson Electric Company (EMR)

Shell Asset Management Co. raised its stake in Emerson Electric Company (NYSE:EMR) by 166.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 104,922 shares of the industrial products company’s stock after acquiring an additional 65,571 shares during the quarter. Shell Asset Management Co.’s holdings in Emerson Electric were worth $6,566,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Emerson Electric by 1.1% in the second quarter. Vanguard Group Inc. now owns 44,195,877 shares of the industrial products company’s stock worth $2,634,958,000 after acquiring an additional 497,625 shares during the last quarter. BlackRock Inc. grew its position in shares of Emerson Electric by 1.9% in the second quarter. BlackRock Inc. now owns 40,954,867 shares of the industrial products company’s stock valued at $2,441,728,000 after purchasing an additional 778,791 shares during the period. Longview Partners Guernsey LTD grew its position in shares of Emerson Electric by 4.4% in the second quarter. Longview Partners Guernsey LTD now owns 12,624,050 shares of the industrial products company’s stock valued at $752,646,000 after purchasing an additional 526,712 shares during the period. Capital World Investors grew its position in shares of Emerson Electric by 4.6% in the second quarter. Capital World Investors now owns 11,450,000 shares of the industrial products company’s stock valued at $682,649,000 after purchasing an additional 500,000 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of Emerson Electric by 4.3% in the second quarter. Wells Fargo & Company MN now owns 10,532,262 shares of the industrial products company’s stock valued at $627,933,000 after purchasing an additional 432,753 shares during the period. 69.16% of the stock is owned by institutional investors.

In related news, VP Bell Katherine Button sold 7,518 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $66.36, for a total value of $498,894.48. Following the transaction, the vice president now owns 36,877 shares in the company, valued at $2,447,157.72. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Frank J. Dellaquila sold 2,100 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total value of $136,017.00. Following the completion of the transaction, the vice president now owns 178,743 shares in the company, valued at approximately $11,577,184.11. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,017 shares of company stock worth $1,771,129. Insiders own 0.79% of the company’s stock.

EMR has been the subject of a number of recent analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $67.00 price objective (up previously from $64.00) on shares of Emerson Electric in a research report on Monday, October 2nd. Citigroup reaffirmed a “sell” rating and issued a $61.00 price objective (up previously from $58.00) on shares of Emerson Electric in a research report on Monday, October 9th. Stifel Nicolaus reissued a “buy” rating on shares of Emerson Electric in a research report on Thursday, October 12th. Bank of America raised Emerson Electric from a “neutral” rating to a “buy” rating and boosted their price target for the company from $64.44 to $79.00 in a research report on Tuesday, October 17th. Finally, Cowen raised Emerson Electric from a “market perform” rating to an “outperform” rating in a research report on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $65.86.

Shares of Emerson Electric Company (EMR) traded down $0.29 during midday trading on Friday, hitting $69.69. The stock had a trading volume of 1,848,874 shares, compared to its average volume of 2,895,965. Emerson Electric Company has a 52 week low of $55.40 and a 52 week high of $70.21. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 1.30. The stock has a market capitalization of $44,691.71, a P/E ratio of 29.66, a price-to-earnings-growth ratio of 3.14 and a beta of 1.24.

Emerson Electric (NYSE:EMR) last issued its 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. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The company had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.43 billion. During the same quarter in the prior year, the business earned $0.74 earnings per share. The company’s revenue was up 12.8% compared to the same quarter last year. sell-side analysts expect that Emerson Electric Company will post 2.92 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Friday, November 17th were paid a $0.485 dividend. This is a boost 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 2.78%. Emerson Electric’s payout ratio is 82.55%.

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Emerson Electric Profile

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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