Cetera Advisor Networks LLC Trims Stock Position in Emerson Electric Co. (NYSE:EMR)

Cetera Advisor Networks LLC cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,142 shares of the industrial products company’s stock after selling 632 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Emerson Electric were worth $1,478,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Emerson Electric by 0.6% during the second quarter. Vanguard Group Inc. now owns 47,199,698 shares of the industrial products company’s stock worth $3,149,164,000 after acquiring an additional 261,666 shares during the period. Longview Partners Guernsey LTD increased its position in shares of Emerson Electric by 13.7% during the second quarter. Longview Partners Guernsey LTD now owns 16,863,972 shares of the industrial products company’s stock worth $1,125,164,000 after acquiring an additional 2,034,380 shares during the period. Northern Trust Corp increased its position in shares of Emerson Electric by 0.4% during the second quarter. Northern Trust Corp now owns 9,480,062 shares of the industrial products company’s stock worth $632,511,000 after acquiring an additional 36,921 shares during the period. Morgan Stanley increased its position in shares of Emerson Electric by 41.3% during the second quarter. Morgan Stanley now owns 6,534,287 shares of the industrial products company’s stock worth $435,968,000 after acquiring an additional 1,909,769 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Emerson Electric by 3.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 4,830,660 shares of the industrial products company’s stock valued at $322,302,000 after purchasing an additional 146,741 shares in the last quarter. 70.28% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the stock. Morgan Stanley increased their price objective on shares of Emerson Electric from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Stephens set a $71.00 price objective on shares of Emerson Electric and gave the company a “buy” rating in a research note on Monday, September 30th. HSBC downgraded shares of Emerson Electric from a “hold” rating to a “reduce” rating and set a $64.00 price objective on the stock. in a research note on Thursday. Barclays dropped their price objective on shares of Emerson Electric from $65.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Monday, September 30th. Finally, Argus downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $72.36.

In other Emerson Electric news, CFO Frank J. Dellaquila sold 40,817 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $73.73, for a total value of $3,009,437.41. Following the completion of the sale, the chief financial officer now directly owns 278,803 shares in the company, valued at $20,556,145.19. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Surendralal Lanca Karsanbhai sold 4,779 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $73.70, for a total transaction of $352,212.30. Following the completion of the sale, the insider now owns 39,005 shares of the company’s stock, valued at $2,874,668.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,565 shares of company stock valued at $4,168,420. 0.07% of the stock is owned by insiders.

NYSE EMR opened at $73.53 on Friday. The company has a market cap of $45.26 billion, a PE ratio of 20.50, a P/E/G ratio of 2.56 and a beta of 1.37. Emerson Electric Co. has a 52-week low of $55.38 and a 52-week high of $75.54. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.88 and a current ratio of 1.19. The firm’s 50 day moving average price is $69.02 and its 200-day moving average price is $65.03.

Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, November 5th. The industrial products company reported $1.07 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.07. The company had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $5.02 billion. Emerson Electric had a net margin of 12.55% and a return on equity of 26.32%. Emerson Electric’s revenue was up 1.7% compared to the same quarter last year. During the same period last year, the firm earned $0.89 earnings per share. On average, analysts forecast that Emerson Electric Co. will post 3.63 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $2.00 annualized dividend and a yield of 2.72%. Emerson Electric’s dividend payout ratio (DPR) is 53.12%.

Emerson Electric 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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