Emerson Electric Company (EMR) Shares Bought by KCM Investment Advisors LLC

KCM Investment Advisors LLC increased its stake in shares of Emerson Electric Company (NYSE:EMR) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,281 shares of the company’s stock after acquiring an additional 431 shares during the period. KCM Investment Advisors LLC’s holdings in Emerson Electric were worth $1,984,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in EMR. Captrust Financial Advisors bought a new position in Emerson Electric in the second quarter valued at $177,119,000. Vanguard Group Inc. grew its position in Emerson Electric by 5.8% in the first quarter. Vanguard Group Inc. now owns 43,698,252 shares of the company’s stock valued at $2,615,777,000 after purchasing an additional 2,404,844 shares in the last quarter. Prudential Financial Inc. grew its position in Emerson Electric by 135.9% in the first quarter. Prudential Financial Inc. now owns 2,963,124 shares of the company’s stock valued at $177,372,000 after purchasing an additional 1,706,810 shares in the last quarter. Pictet Asset Management Ltd. grew its position in Emerson Electric by 217.1% in the second quarter. Pictet Asset Management Ltd. now owns 2,460,762 shares of the company’s stock valued at $145,480,000 after purchasing an additional 1,684,786 shares in the last quarter. Finally, Bank of Nova Scotia grew its position in Emerson Electric by 3,745.5% in the first quarter. Bank of Nova Scotia now owns 561,400 shares of the company’s stock valued at $33,771,000 after purchasing an additional 546,801 shares in the last quarter. 70.18% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on EMR shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $68.00 target price on shares of Emerson Electric in a research report on Wednesday, July 19th. BidaskClub downgraded shares of Emerson Electric from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $62.00 price objective (up previously from $61.00) on shares of Emerson Electric in a research report on Wednesday, August 2nd. Berenberg Bank reissued a “sell” rating and issued a $53.00 price objective on shares of Emerson Electric in a research report on Friday, August 11th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $67.00 price objective (up previously from $64.00) on shares of Emerson Electric in a research report on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$65.14.

In other Emerson Electric news, insider Robert T. Sharp sold 2,000 shares of Emerson Electric stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of C$58.99, for a total value of C$117,980.00. Following the completion of the sale, the insider now owns 64,290 shares in the company, valued at approximately C$3,792,467.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.79% of the company’s stock.

Shares of Emerson Electric Company (NYSE:EMR) opened at C$61.61 on Monday. The company has a market cap of $39,431.61, a PE ratio of 23.88, a P/E/G ratio of 2.81 and a beta of 1.24. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.30 and a current ratio of 1.64. Emerson Electric Company has a twelve month low of C$53.92 and a twelve month high of C$67.79.

Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, November 7th. The company reported C$0.83 EPS for the quarter, hitting the consensus estimate of C$0.83. The business had revenue of C$4.44 billion during the quarter, compared to the consensus estimate of C$4.43 billion. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. Emerson Electric’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.74 EPS. analysts forecast that Emerson Electric Company will post 2.9 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be 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 is Thursday, November 16th. This represents a $1.94 annualized dividend and a dividend yield of 3.15%. Emerson Electric’s payout ratio is presently 81.70%.

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About Emerson Electric

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.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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