John G Ullman & Associates Inc. Has $39.28 Million Holdings in Emerson Electric Co. (NYSE:EMR)

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John G Ullman & Associates Inc. lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 2.5% in the second quarter, Holdings Channel.com reports. The fund owned 588,788 shares of the industrial products company’s stock after purchasing an additional 14,168 shares during the quarter. Emerson Electric accounts for approximately 6.9% of John G Ullman & Associates Inc.’s portfolio, making the stock its largest position. John G Ullman & Associates Inc.’s holdings in Emerson Electric were worth $39,283,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in Emerson Electric by 7.3% during the 1st quarter. BlackRock Inc. now owns 45,135,139 shares of the industrial products company’s stock valued at $3,090,402,000 after purchasing an additional 3,058,256 shares during the last quarter. Ronna Sue Cohen lifted its holdings in Emerson Electric by 6,770.7% during the 1st quarter. Ronna Sue Cohen now owns 1,540,414 shares of the industrial products company’s stock valued at $1,540,000 after purchasing an additional 1,517,994 shares during the last quarter. American Century Companies Inc. lifted its holdings in Emerson Electric by 46.4% during the 1st quarter. American Century Companies Inc. now owns 2,708,094 shares of the industrial products company’s stock valued at $185,423,000 after purchasing an additional 858,733 shares during the last quarter. Thoroughbred Financial Services LLC lifted its holdings in Emerson Electric by 6,809.9% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 521,694 shares of the industrial products company’s stock valued at $52,169,000 after purchasing an additional 514,144 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Emerson Electric by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 7,394,814 shares of the industrial products company’s stock valued at $441,115,000 after purchasing an additional 355,369 shares during the last quarter. 70.30% of the stock is owned by institutional investors.

In other Emerson Electric news, VP Bell Katherine Button sold 15,791 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $63.91, for a total value of $1,009,202.81. Following the completion of the sale, the vice president now owns 30,304 shares in the company, valued at approximately $1,936,728.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael H. Train sold 12,278 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $63.80, for a total transaction of $783,336.40. Following the completion of the sale, the insider now owns 129,298 shares of the company’s stock, valued at approximately $8,249,212.40. The disclosure for this sale can be found here. Insiders sold a total of 40,333 shares of company stock valued at $2,583,230 in the last 90 days. Corporate insiders own 0.07% of the company’s stock.

EMR traded up $1.51 during midday trading on Friday, hitting $57.92. The company had a trading volume of 3,325,700 shares, compared to its average volume of 3,364,116. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.85 and a current ratio of 1.18. The company has a market capitalization of $35.63 billion, a PE ratio of 17.14, a P/E/G ratio of 1.92 and a beta of 1.32. Emerson Electric Co. has a twelve month low of $55.38 and a twelve month high of $79.70. The firm’s 50-day simple moving average is $63.90 and its 200-day simple moving average is $66.41.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.94 earnings per share for the quarter, meeting the consensus estimate of $0.94. The firm had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.82 billion. Emerson Electric had a net margin of 12.06% and a return on equity of 24.67%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.12 EPS. As a group, sell-side analysts anticipate that Emerson Electric Co. will post 3.64 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Thursday, August 15th. Emerson Electric’s payout ratio is presently 57.99%.

Several equities analysts recently issued reports on EMR shares. Cowen reissued a “buy” rating and set a $72.00 price target on shares of Emerson Electric in a report on Friday, August 9th. Deutsche Bank cut their price target on shares of Emerson Electric from $74.00 to $73.00 and set a “buy” rating for the company in a report on Monday, August 5th. Zacks Investment Research downgraded shares of Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price target for the company. in a report on Tuesday, July 23rd. Morgan Stanley cut their price target on shares of Emerson Electric from $84.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, Argus downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $72.71.

Emerson Electric Company 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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