Capital Investment Counsel Inc Sells 449 Shares of Emerson Electric Co. (NYSE:EMR)

Capital Investment Counsel Inc trimmed its holdings in Emerson Electric Co. (NYSE:EMR) by 11.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,550 shares of the industrial products company’s stock after selling 449 shares during the period. Capital Investment Counsel Inc’s holdings in Emerson Electric were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in EMR. BlackRock Inc. lifted its stake in shares of Emerson Electric by 7.3% in the first quarter. BlackRock Inc. now owns 45,135,139 shares of the industrial products company’s stock valued at $3,090,402,000 after buying an additional 3,058,256 shares in the last quarter. Ronna Sue Cohen lifted its stake in shares of Emerson Electric by 6,770.7% in the first quarter. Ronna Sue Cohen now owns 1,540,414 shares of the industrial products company’s stock valued at $1,540,000 after buying an additional 1,517,994 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Emerson Electric by 46.4% in the first quarter. American Century Companies Inc. now owns 2,708,094 shares of the industrial products company’s stock valued at $185,423,000 after buying an additional 858,733 shares in the last quarter. Thoroughbred Financial Services LLC lifted its stake in shares of Emerson Electric by 6,809.9% in the second quarter. Thoroughbred Financial Services LLC now owns 521,694 shares of the industrial products company’s stock valued at $52,169,000 after buying an additional 514,144 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Emerson Electric by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 7,394,814 shares of the industrial products company’s stock valued at $441,115,000 after buying an additional 355,369 shares in the last quarter. 70.17% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on EMR shares. Deutsche Bank dropped their price objective on shares of Emerson Electric from $74.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday. Citigroup dropped their price objective on shares of Emerson Electric from $79.00 to $77.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Zacks Investment Research lowered shares of Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price objective on the stock. in a research note on Tuesday, July 23rd. Finally, Credit Suisse Group dropped their price objective on shares of Emerson Electric from $80.00 to $74.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $74.81.

EMR opened at $59.22 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 0.76. The firm’s 50-day moving average price is $65.17. Emerson Electric Co. has a fifty-two week low of $55.38 and a fifty-two week high of $79.70. The company has a market capitalization of $37.90 billion, a price-to-earnings ratio of 17.52, a P/E/G ratio of 2.00 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.94 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.94. Emerson Electric had a net margin of 12.81% and a return on equity of 24.63%. The company had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same period last year, the firm earned $1.12 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. As a group, analysts predict that Emerson Electric Co. will post 3.63 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 16th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.31%. Emerson Electric’s payout ratio is currently 57.99%.

In other Emerson Electric news, VP Bell Katherine Button sold 4,470 shares of Emerson Electric stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $65.00, for a total value of $290,550.00. Following the sale, the vice president now owns 18,040 shares of the company’s stock, valued at $1,172,600. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael H. Train sold 12,278 shares of Emerson Electric stock in a transaction dated Tuesday, June 11th. The stock was 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 directly owns 129,298 shares in the company, valued at approximately $8,249,212.40. The disclosure for this sale can be found here. Insiders have sold 40,333 shares of company stock worth $2,583,230 over the last three months. 0.07% of the stock is owned by insiders.

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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