Hanson & Doremus Investment Management reduced its position in Emerson Electric Co. (NYSE:EMR) by 7.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,567 shares of the industrial products company’s stock after selling 1,940 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Emerson Electric were worth $1,706,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Glassman Wealth Services lifted its position in Emerson Electric by 240.7% in 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 during the period. Larson Financial Group LLC lifted its holdings in shares of Emerson Electric by 80.3% during the second quarter. Larson Financial Group LLC now owns 440 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 196 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Emerson Electric during the first quarter valued at $34,000. Legacy Advisors LLC bought a new position in shares of Emerson Electric during the first quarter valued at $41,000. Finally, Buffington Mohr McNeal bought a new position in shares of Emerson Electric during the first quarter valued at $41,000. 70.47% of the stock is owned by hedge funds and other institutional investors.

In other news, 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 transaction, the insider now owns 129,298 shares in the company, valued at approximately $8,249,212.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the vice president now owns 18,040 shares in the company, valued at approximately $1,172,600. The disclosure for this sale can be found here. Insiders have sold a total of 40,333 shares of company stock valued at $2,583,230 over the last 90 days. Corporate insiders own 0.07% of the company’s stock.

Shares of Emerson Electric stock traded down $0.27 during trading on Friday, hitting $66.66. 2,052,167 shares of the company were exchanged, compared to its average volume of 2,457,325. The company has a market capitalization of $41.14 billion, a price-to-earnings ratio of 19.72, a P/E/G ratio of 2.14 and a beta of 1.33. Emerson Electric Co. has a 1-year low of $55.38 and a 1-year high of $79.70. The stock has a fifty day moving average price of $65.06. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 0.76.

Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, May 7th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.84. The company had revenue of $4.57 billion during the quarter, compared to analyst estimates 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 in the previous year, the company earned $0.76 EPS. Sell-side analysts predict that Emerson Electric Co. will post 3.65 EPS for the current year.

A number of research analysts have issued reports on EMR shares. Zacks Investment Research cut Phoenix New Media from a “hold” rating to a “sell” rating in a report on Tuesday. Credit Suisse Group reissued an “outperform” rating on shares of in a report on Wednesday, June 5th. Finally, Citigroup cut Apergy from a “buy” rating to a “neutral” rating and cut their price objective for the company from $41.00 to $34.00 in a report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $75.31.

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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