Emerson Electric Company (NYSE:EMR) Shares Sold by Clinton Group Inc.

Clinton Group Inc. lowered its position in shares of Emerson Electric Company (NYSE:EMR) by 70.7% during the first quarter, Holdings Channel reports. The fund owned 30,845 shares of the industrial products company’s stock after selling 74,532 shares during the period. Clinton Group Inc.’s holdings in Emerson Electric were worth $1,846,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Teachers Advisors LLC boosted its position in shares of Emerson Electric by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 793,075 shares of the industrial products company’s stock worth $44,214,000 after buying an additional 33,643 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of Emerson Electric by 33.2% in the fourth quarter. Macquarie Group Ltd. now owns 35,300 shares of the industrial products company’s stock worth $1,968,000 after buying an additional 8,800 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in shares of Emerson Electric by 3.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 568,594 shares of the industrial products company’s stock worth $34,037,000 after buying an additional 18,375 shares during the last quarter. Swarthmore Group Inc. purchased a new position in shares of Emerson Electric during the first quarter worth approximately $17,546,000. Finally, Atlas Brown Inc. purchased a new position in shares of Emerson Electric during the first quarter worth approximately $206,000. 68.92% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Company (EMR) opened at 60.68 on Friday. Emerson Electric Company has a 12 month low of $49.22 and a 12 month high of $64.36. The company has a 50-day moving average price of $59.79 and a 200 day moving average price of $59.74. The stock has a market capitalization of $39.07 billion, a price-to-earnings ratio of 27.08 and a beta of 1.20.

Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, August 1st. The industrial products company reported $0.68 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.68. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. Emerson Electric’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.68 EPS. Equities analysts predict that Emerson Electric Company will post $2.61 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 11th will be paid a $0.48 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $1.92 annualized dividend and a yield of 3.16%. Emerson Electric’s payout ratio is currently 85.33%.

WARNING: “[[title]]” was posted by [[site]] and is the property of of [[site]]. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright laws. The correct version of this article can be read at [[permalink]].

A number of equities analysts have commented on EMR shares. Royal Bank Of Canada reissued a “hold” rating and set a $58.00 target price on shares of Emerson Electric in a report on Tuesday, April 11th. Zacks Investment Research raised Emerson Electric from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a report on Wednesday, April 19th. Cowen and Company reissued a “hold” rating and set a $62.00 target price on shares of Emerson Electric in a report on Tuesday, April 25th. TheStreet raised Emerson Electric from a “c+” rating to a “b” rating in a report on Thursday, May 4th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $67.00 target price (up previously from $65.00) on shares of Emerson Electric in a report on Monday, May 15th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company’s stock. Emerson Electric currently has a consensus rating of “Hold” and a consensus target price of $57.48.

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.

Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Company (NYSE:EMR).