FineMark National Bank & Trust Has $1.77 Million Holdings in Emerson Electric Co. (EMR)

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FineMark National Bank & Trust cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 4.6% in the third quarter, HoldingsChannel.com reports. The fund owned 23,125 shares of the industrial products company’s stock after selling 1,125 shares during the period. FineMark National Bank & Trust’s holdings in Emerson Electric were worth $1,771,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Independent Advisor Alliance lifted its holdings in shares of Emerson Electric by 38.0% during the second quarter. Independent Advisor Alliance now owns 37,225 shares of the industrial products company’s stock valued at $2,522,000 after acquiring an additional 10,250 shares during the period. Commonwealth Bank of Australia increased its stake in shares of Emerson Electric by 3.4% in the second quarter. Commonwealth Bank of Australia now owns 81,289 shares of the industrial products company’s stock valued at $5,546,000 after buying an additional 2,652 shares in the last quarter. AMP Capital Investors Ltd increased its stake in shares of Emerson Electric by 12.7% in the second quarter. AMP Capital Investors Ltd now owns 239,559 shares of the industrial products company’s stock valued at $16,563,000 after buying an additional 27,052 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Emerson Electric by 1,033.6% in the second quarter. Tower Research Capital LLC TRC now owns 21,073 shares of the industrial products company’s stock valued at $1,457,000 after buying an additional 19,214 shares in the last quarter. Finally, BTR Capital Management Inc. increased its stake in shares of Emerson Electric by 18.7% in the third quarter. BTR Capital Management Inc. now owns 13,065 shares of the industrial products company’s stock valued at $1,001,000 after buying an additional 2,060 shares in the last quarter. 70.33% of the stock is owned by institutional investors.

Shares of EMR stock opened at $70.53 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.23 and a quick ratio of 0.97. The stock has a market capitalization of $43.75 billion, a P/E ratio of 26.72, a PEG ratio of 1.82 and a beta of 1.20. Emerson Electric Co. has a 12 month low of $57.47 and a 12 month high of $79.70.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $0.89 EPS for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.03). The firm had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.91 billion. Emerson Electric had a return on equity of 22.83% and a net margin of 12.33%. Emerson Electric’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 earnings per share. Equities analysts anticipate that Emerson Electric Co. will post 3.19 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 16th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 2.78%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.49. Emerson Electric’s dividend payout ratio (DPR) is presently 73.48%.

A number of brokerages have recently weighed in on EMR. Zacks Investment Research upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Thursday, July 19th. MED upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a research note on Thursday, July 12th. Cowen restated a “buy” rating and issued a $81.00 target price on shares of Emerson Electric in a research note on Tuesday. Barclays raised their target price on Emerson Electric from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, August 9th. Finally, Credit Suisse Group began coverage on Emerson Electric in a research note on Friday, October 12th. They issued a “neutral” rating and a $78.00 target price for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company. Emerson Electric has a consensus rating of “Buy” and an average price target of $78.67.

In related news, VP Steven J. Pelch sold 6,409 shares of Emerson Electric stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $74.24, for a total value of $475,804.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Edward L. Monser sold 60,000 shares of Emerson Electric stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $76.10, for a total value of $4,566,000.00. Following the completion of the sale, the president now owns 176,477 shares of the company’s stock, valued at $13,429,899.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 96,409 shares of company stock valued at $7,317,004. Corporate insiders own 0.84% of the company’s stock.

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About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

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

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