Emerson Electric Company (EMR) Stake Decreased by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. reduced its stake in shares of Emerson Electric Company (NYSE:EMR) by 91.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,250 shares of the industrial products company’s stock after selling 195,250 shares during the period. Schwartz Investment Counsel Inc.’s holdings in Emerson Electric were worth $1,210,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Intellectus Partners LLC raised its holdings in Emerson Electric by 0.3% in the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after buying an additional 7 shares during the period. RB Capital Management LLC raised its holdings in Emerson Electric by 0.6% in the second quarter. RB Capital Management LLC now owns 4,475 shares of the industrial products company’s stock valued at $267,000 after buying an additional 26 shares during the period. Parallel Advisors LLC raised its holdings in Emerson Electric by 0.5% in the second quarter. Parallel Advisors LLC now owns 4,892 shares of the industrial products company’s stock valued at $292,000 after buying an additional 26 shares during the period. Guardian Life Insurance Co. of America raised its holdings in Emerson Electric by 1.1% in the first quarter. Guardian Life Insurance Co. of America now owns 2,491 shares of the industrial products company’s stock valued at $149,000 after buying an additional 28 shares during the period. Finally, Busey Trust CO raised its holdings in Emerson Electric by 0.5% in the second quarter. Busey Trust CO now owns 6,834 shares of the industrial products company’s stock valued at $407,000 after buying an additional 31 shares during the period. Institutional investors and hedge funds own 69.00% of the company’s stock.

In related news, COO Edgar M. Purvis, Jr. sold 9,490 shares of Emerson Electric stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $65.74, for a total transaction of $623,872.60. Following the sale, the chief operating officer now directly owns 168,984 shares in the company, valued at $11,109,008.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Bell Katherine Button sold 7,909 shares of Emerson Electric stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $64.78, for a total transaction of $512,345.02. Following the sale, the vice president now owns 44,628 shares in the company, valued at $2,891,001.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,017 shares of company stock valued at $1,771,129. Corporate insiders own 0.79% of the company’s stock.

Emerson Electric Company (NYSE EMR) opened at $67.26 on Friday. The company has a market cap of $42,687.43, a price-to-earnings ratio of 25.78, a price-to-earnings-growth ratio of 2.99 and a beta of 1.24. The company has a quick ratio of 1.30, a current ratio of 1.64 and a debt-to-equity ratio of 0.43. Emerson Electric Company has a 1-year low of $55.40 and a 1-year high of $67.83.

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

The company also recently declared a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Friday, November 17th were issued a dividend of $0.485 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.94 annualized dividend and a dividend yield of 2.88%. Emerson Electric’s payout ratio is 82.55%.

A number of analysts have recently issued reports on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $75.00 price objective on shares of Emerson Electric in a research note on Monday, December 11th. Goldman Sachs Group reiterated a “neutral” rating and set a $66.00 price objective on shares of Emerson Electric in a research note on Friday, December 8th. Cowen reiterated a “buy” rating and set a $72.00 price objective on shares of Emerson Electric in a research note on Wednesday, December 6th. J P Morgan Chase & Co assumed coverage on shares of Emerson Electric in a research note on Wednesday, November 29th. They set a “neutral” rating on the stock. Finally, Citigroup set a $61.00 price objective on shares of Emerson Electric and gave the company a “sell” rating in a research note on Tuesday, November 28th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. Emerson Electric currently has a consensus rating of “Hold” and a consensus price target of $65.86.

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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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