United Services Automobile Association Has $35.80 Million Holdings in Emerson Electric Company (EMR)

United Services Automobile Association reduced its position in Emerson Electric Company (NYSE:EMR) by 2.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 598,022 shares of the industrial products company’s stock after selling 13,738 shares during the quarter. United Services Automobile Association owned 0.09% of Emerson Electric worth $35,798,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EMR. Central Bank & Trust Co. boosted its holdings in shares of Emerson Electric by 31.3% in the 1st quarter. Central Bank & Trust Co. now owns 2,100 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 500 shares in the last quarter. Milestone Group Inc. purchased a new position in shares of Emerson Electric in the 1st quarter worth about $201,000. Wedgewood Investors Inc. PA purchased a new position in shares of Emerson Electric in the 1st quarter worth about $204,000. Garrison Bradford & Associates Inc. bought a new stake in shares of Emerson Electric in the 1st quarter valued at about $204,000. Finally, Trust Co. of Virginia VA bought a new stake in shares of Emerson Electric in the 1st quarter valued at about $205,000. Hedge funds and other institutional investors own 70.19% of the company’s stock.

Emerson Electric Company (EMR) opened at 60.40 on Friday. The stock has a market cap of $38.66 billion, a P/E ratio of 26.95 and a beta of 1.18. The firm’s 50 day moving average price is $59.44 and its 200-day moving average price is $59.53. Emerson Electric Company has a 12-month low of $49.22 and a 12-month high of $64.36.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 11th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Wednesday, August 9th. Emerson Electric’s dividend payout ratio is presently 85.33%.

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

A number of equities research analysts have recently weighed in on the company. BidaskClub lowered Emerson Electric from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Stifel Nicolaus reissued a “buy” rating and issued a $67.00 target price (up previously from $65.00) on shares of Emerson Electric in a research note on Monday, May 15th. Royal Bank Of Canada reissued a “hold” rating and issued a $62.00 target price on shares of Emerson Electric in a research note on Tuesday, June 6th. Morgan Stanley reissued an “overweight” rating on shares of Emerson Electric in a research note on Tuesday, July 11th. Finally, Berenberg Bank reissued a “sell” rating and issued a $53.00 target price on shares of Emerson Electric in a research note on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $60.52.

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Emerson Electric Company Profile

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.

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




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