Cutler Investment Counsel LLC Maintains Position in Emerson Electric Company (EMR)

Cutler Investment Counsel LLC maintained its stake in Emerson Electric Company (NYSE:EMR) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,000 shares of the company’s stock at the end of the third quarter. Cutler Investment Counsel LLC’s holdings in Emerson Electric Company were worth $491,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Financial Architects Inc increased its stake in shares of Emerson Electric Company by 15.9% in the third quarter. Financial Architects Inc now owns 1,964 shares of the company’s stock worth $108,000 after buying an additional 270 shares in the last quarter. Arcadia Investment Management Corp MI increased its position in Emerson Electric Company by 8.3% in the third quarter. Arcadia Investment Management Corp MI now owns 2,471 shares of the company’s stock valued at $135,000 after buying an additional 190 shares during the period. SRB Corp increased its position in Emerson Electric Company by 5.0% in the third quarter. SRB Corp now owns 2,899 shares of the company’s stock valued at $158,000 after buying an additional 138 shares during the period. Oakworth Capital Inc. increased its position in Emerson Electric Company by 15.7% in the third quarter. Oakworth Capital Inc. now owns 3,130 shares of the company’s stock valued at $171,000 after buying an additional 425 shares during the period. Finally, Penserra Capital Management LLC increased its position in Emerson Electric Company by 96.2% in the third quarter. Penserra Capital Management LLC now owns 3,438 shares of the company’s stock valued at $187,000 after buying an additional 1,686 shares during the period. Institutional investors own 71.04% of the company’s stock.

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

Shares of Emerson Electric Company (NYSE:EMR) opened at 63.66 on Wednesday. The firm has a market cap of $41.06 billion, a price-to-earnings ratio of 25.83 and a beta of 1.17. Emerson Electric Company has a 1-year low of $46.98 and a 1-year high of $64.36. The company’s 50-day moving average is $58.80 and its 200 day moving average is $54.71.

Emerson Electric Company (NYSE:EMR) last posted its quarterly earnings data on Tuesday, February 7th. The company reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.07. Emerson Electric Company had a return on equity of 24.26% and a net margin of 8.50%. The firm earned $3.20 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same period last year, the company posted $0.56 EPS. The business’s quarterly revenue was down 3.6% on a year-over-year basis. On average, equities research analysts expect that Emerson Electric Company will post $2.52 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 10th. Shareholders of record on Friday, February 17th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $1.92 dividend on an annualized basis and a yield of 2.99%. Emerson Electric Company’s payout ratio is currently 77.73%.

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A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Emerson Electric Company from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 19th. Goldman Sachs Group, Inc. (The) raised shares of Emerson Electric Company from a “sell” rating to a “neutral” rating and set a $60.00 price objective for the company in a research note on Friday, January 27th. Buckingham Research upgraded Emerson Electric Company from an “underperform” rating to a “neutral” rating in a report on Tuesday, December 13th. Vetr lowered Emerson Electric Company from a “sell” rating to a “strong sell” rating and set a $45.32 target price on the stock. in a research report on Tuesday, November 1st. Finally, RBC Capital Markets set a $48.00 target price on Emerson Electric Company and gave the company a “hold” rating in a report on Wednesday, January 4th. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the company’s stock. Emerson Electric Company presently has an average rating of “Hold” and an average price target of $54.68.

In other Emerson Electric Company news, VP Steven J. Pelch sold 7,839 shares of the business’s stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $63.31, for a total value of $496,287.09. Following the transaction, the vice president now directly owns 72,647 shares of the company’s stock, valued at $4,599,281.57. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.79% of the company’s stock.

About Emerson Electric Company

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.

5 Day Chart for NYSE:EMR

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