Amundi Pioneer Asset Management Inc. cut its stake in Emerson Electric Co. (NYSE:EMR) by 15.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,416,116 shares of the industrial products company’s stock after selling 954,727 shares during the period. Amundi Pioneer Asset Management Inc.’s holdings in Emerson Electric were worth $370,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Glassman Wealth Services lifted its stake in Emerson Electric by 240.7% during the first quarter. Glassman Wealth Services now owns 402 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 284 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Emerson Electric during the first quarter worth $34,000. Laurel Wealth Advisors LLC acquired a new position in Emerson Electric during the fourth quarter worth $36,000. Legacy Advisors LLC acquired a new position in Emerson Electric during the first quarter worth $41,000. Finally, Buffington Mohr McNeal acquired a new position in Emerson Electric during the first quarter worth $41,000. Institutional investors and hedge funds own 70.52% of the company’s stock.

In other Emerson Electric news, insider Michael H. Train sold 12,278 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $63.80, for a total value of $783,336.40. Following the sale, the insider now directly owns 129,298 shares in the company, valued at $8,249,212.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Bell Katherine Button sold 15,791 shares of the firm’s stock in a transaction on 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 $1,936,728.64. The disclosure for this sale can be found here. 0.07% of the stock is owned by company insiders.

Shares of NYSE EMR opened at $62.74 on Thursday. The firm has a market capitalization of $39.14 billion, a PE ratio of 18.56, a P/E/G ratio of 2.03 and a beta of 1.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.76 and a current ratio of 1.07. Emerson Electric Co. has a 12-month low of $55.38 and a 12-month high of $79.70.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.84. The business had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.64 billion. Emerson Electric had a return on equity of 24.63% and a net margin of 12.81%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the firm earned $0.76 earnings per share. As a group, analysts anticipate that Emerson Electric Co. will post 3.65 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date was Thursday, May 16th. Emerson Electric’s dividend payout ratio is presently 57.99%.

A number of research firms have commented on EMR. Zacks Investment Research upgraded Emerson Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, May 14th. Credit Suisse Group decreased their price target on Emerson Electric from $80.00 to $74.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 5th. Finally, Citigroup upgraded Emerson Electric from a “neutral” rating to a “buy” rating and upped their price target for the stock from $67.00 to $81.00 in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $75.47.

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About Emerson Electric

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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