Emerson Electric Company (EMR) Holdings Raised by Rhumbline Advisers

Rhumbline Advisers raised its position in Emerson Electric Company (NYSE:EMR) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,180,066 shares of the industrial products company’s stock after purchasing an additional 3,178 shares during the period. Rhumbline Advisers owned 0.18% of Emerson Electric worth $70,356,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Emerson Electric by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock valued at $2,615,777,000 after purchasing an additional 2,404,844 shares during the last quarter. Bridgewater Associates LP purchased a new stake in shares of Emerson Electric in the 1st quarter valued at approximately $351,000. Richard C. Young & CO. LTD. increased its position in shares of Emerson Electric by 28.9% in the 1st quarter. Richard C. Young & CO. LTD. now owns 30,166 shares of the industrial products company’s stock valued at $1,806,000 after purchasing an additional 6,771 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Emerson Electric by 18.4% in the 1st quarter. TIAA CREF Investment Management LLC now owns 1,299,564 shares of the industrial products company’s stock valued at $77,792,000 after purchasing an additional 201,677 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC increased its position in shares of Emerson Electric by 5.4% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 77,496 shares of the industrial products company’s stock valued at $4,621,000 after purchasing an additional 3,985 shares during the last quarter. 70.01% of the stock is currently owned by institutional investors.

In other Emerson Electric news, insider Robert T. Sharp sold 2,000 shares of the business’s stock in a transaction 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 in the company, valued at $3,792,467.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.79% of the stock is owned by insiders.

A number of brokerages have commented on EMR. Citigroup Inc. reissued a “sell” rating and issued a $61.00 price objective (up from $58.00) on shares of Emerson Electric in a research report on Monday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $67.00 target price (up from $64.00) on shares of Emerson Electric in a research report on Monday, October 2nd. BidaskClub downgraded shares of Emerson Electric from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Berenberg Bank reaffirmed a “sell” rating and issued a $53.00 target price on shares of Emerson Electric in a research report on Friday, August 11th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $62.00 target price (up from $61.00) on shares of Emerson Electric in a research report on Wednesday, August 2nd. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. Emerson Electric currently has a consensus rating of “Hold” and a consensus price target of $60.71.

Shares of Emerson Electric Company (NYSE EMR) opened at 63.82 on Tuesday. The firm has a market cap of $40.85 billion, a PE ratio of 28.48 and a beta of 1.21. Emerson Electric Company has a 52 week low of $49.22 and a 52 week high of $64.36. The company’s 50-day moving average is $61.33 and its 200-day moving average is $59.95.

Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share for the quarter, meeting the 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 analyst estimates of $3.99 billion. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. Analysts forecast that Emerson Electric Company will post $2.61 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 11th were paid a dividend of $0.48 per share. The ex-dividend date was Wednesday, August 9th. This represents a $1.92 annualized dividend and a yield of 3.01%. Emerson Electric’s payout ratio is 85.33%.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Emerson Electric by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock valued at $2,615,777,000 after purchasing an additional 2,404,844 shares during the last quarter. Bridgewater Associates LP purchased a new stake in shares of Emerson Electric in the 1st quarter valued at approximately $351,000. Richard C. Young & CO. LTD. increased its position in shares of Emerson Electric by 28.9% in the 1st quarter. Richard C. Young & CO. LTD. now owns 30,166 shares of the industrial products company’s stock valued at $1,806,000 after purchasing an additional 6,771 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Emerson Electric by 18.4% in the 1st quarter. TIAA CREF Investment Management LLC now owns 1,299,564 shares of the industrial products company’s stock valued at $77,792,000 after purchasing an additional 201,677 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC increased its position in shares of Emerson Electric by 5.4% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 77,496 shares of the industrial products company’s stock valued at $4,621,000 after purchasing an additional 3,985 shares during the last quarter. 70.01% of the stock is currently owned by institutional investors.

In other Emerson Electric news, insider Robert T. Sharp sold 2,000 shares of the business’s stock in a transaction 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 in the company, valued at $3,792,467.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.79% of the stock is owned by insiders.

A number of brokerages have commented on EMR. Citigroup Inc. reissued a “sell” rating and issued a $61.00 price objective (up from $58.00) on shares of Emerson Electric in a research report on Monday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $67.00 target price (up from $64.00) on shares of Emerson Electric in a research report on Monday, October 2nd. BidaskClub downgraded shares of Emerson Electric from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Berenberg Bank reaffirmed a “sell” rating and issued a $53.00 target price on shares of Emerson Electric in a research report on Friday, August 11th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $62.00 target price (up from $61.00) on shares of Emerson Electric in a research report on Wednesday, August 2nd. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. Emerson Electric currently has a consensus rating of “Hold” and a consensus price target of $60.71.

Shares of Emerson Electric Company (NYSE EMR) opened at 63.82 on Tuesday. The firm has a market cap of $40.85 billion, a PE ratio of 28.48 and a beta of 1.21. Emerson Electric Company has a 52 week low of $49.22 and a 52 week high of $64.36. The company’s 50-day moving average is $61.33 and its 200-day moving average is $59.95.

Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share for the quarter, meeting the 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 analyst estimates of $3.99 billion. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. Analysts forecast that Emerson Electric Company will post $2.61 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 11th were paid a dividend of $0.48 per share. The ex-dividend date was Wednesday, August 9th. This represents a $1.92 annualized dividend and a yield of 3.01%. Emerson Electric’s payout ratio is 85.33%.

ILLEGAL ACTIVITY WARNING: “Emerson Electric Company (EMR) Holdings Raised by Rhumbline Advisers” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another website, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/10/emerson-electric-company-emr-holdings-raised-by-rhumbline-advisers.html.

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.

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

Receive News & Ratings for Emerson Electric Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric Company and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply