Emerson Electric Co. (NYSE:EMR) Position Reduced by Jensen Investment Management Inc.

Jensen Investment Management Inc. cut its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 93,430 shares of the industrial products company’s stock after selling 490 shares during the quarter. Jensen Investment Management Inc.’s holdings in Emerson Electric were worth $10,218,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of EMR. Norden Group LLC bought a new stake in shares of Emerson Electric in the 1st quarter worth approximately $231,000. Envestnet Portfolio Solutions Inc. lifted its position in shares of Emerson Electric by 5.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 22,927 shares of the industrial products company’s stock valued at $2,600,000 after acquiring an additional 1,236 shares during the last quarter. PFG Advisors lifted its holdings in shares of Emerson Electric by 3.8% during the first quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock valued at $294,000 after purchasing an additional 96 shares during the last quarter. Montag A & Associates Inc. lifted its stake in Emerson Electric by 122.4% during the first quarter. Montag A & Associates Inc. now owns 18,775 shares of the industrial products company’s stock valued at $2,129,000 after buying an additional 10,333 shares in the last quarter. Finally, Atomi Financial Group Inc. boosted its holdings in shares of Emerson Electric by 12.4% in the first quarter. Atomi Financial Group Inc. now owns 3,394 shares of the industrial products company’s stock worth $385,000 after buying an additional 375 shares during the period. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of Emerson Electric stock traded up $0.07 during trading on Friday, hitting $127.26. 2,748,179 shares of the company’s stock traded hands, compared to its average volume of 2,680,459. Emerson Electric Co. has a twelve month low of $85.00 and a twelve month high of $128.56. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 0.86. The company has a market cap of $72.88 billion, a PE ratio of 37.21, a PEG ratio of 1.94 and a beta of 1.30. The firm’s fifty day moving average price is $108.39 and its 200 day moving average price is $109.30.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a return on equity of 11.73% and a net margin of 11.25%. The firm had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the prior year, the business posted $1.29 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. Analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a dividend of $0.5275 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.66%. The ex-dividend date is Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 61.40%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EMR. Robert W. Baird boosted their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Morgan Stanley started coverage on Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective on the stock. Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Wells Fargo & Company lifted their target price on shares of Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $127.65.

Insiders Place Their Bets

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.25% of the company’s stock.

About Emerson Electric

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.