Bahl & Gaynor Inc. boosted its stake in shares of Emerson Electric Company (NYSE:EMR) by 26.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 374,991 shares of the company’s stock after acquiring an additional 77,713 shares during the period. Bahl & Gaynor Inc. owned 0.06% of Emerson Electric worth $20,906,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Nationwide Fund Advisors grew its stake in shares of Emerson Electric by 18.4% in the 2nd quarter. Nationwide Fund Advisors now owns 342,407 shares of the company’s stock worth $20,414,000 after buying an additional 53,298 shares in the last quarter. KCM Investment Advisors LLC grew its stake in shares of Emerson Electric by 1.3% in the 2nd quarter. KCM Investment Advisors LLC now owns 33,281 shares of the company’s stock worth $1,984,000 after buying an additional 431 shares in the last quarter. TCI Wealth Advisors Inc. grew its stake in shares of Emerson Electric by 7.6% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 2,629 shares of the company’s stock worth $157,000 after buying an additional 185 shares in the last quarter. Captrust Financial Advisors purchased a new position in shares of Emerson Electric in the 2nd quarter worth $177,119,000. Finally, Norinchukin Bank The grew its stake in shares of Emerson Electric by 0.9% in the 2nd quarter. Norinchukin Bank The now owns 195,170 shares of the company’s stock worth $11,636,000 after buying an additional 1,723 shares in the last quarter. 70.18% of the stock is owned by institutional investors.
In other news, insider Robert T. Sharp sold 2,000 shares of the company’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of C$58.99, for a total value of C$117,980.00. Following the sale, the insider now directly owns 64,290 shares of the company’s stock, valued at approximately C$3,792,467.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.79% of the stock is owned by corporate insiders.
Shares of Emerson Electric Company (EMR) opened at C$61.61 on Monday. The company has a market cap of $39,431.61, a price-to-earnings ratio of 23.88, a PEG ratio of 2.81 and a beta of 1.24. The company has a quick ratio of 1.30, a current ratio of 1.64 and a debt-to-equity ratio of 0.43. Emerson Electric Company has a twelve month low of C$53.92 and a twelve month high of C$67.79.
Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, November 7th. The company reported C$0.83 EPS for the quarter, meeting the consensus estimate of C$0.83. The business had revenue of C$4.44 billion for the quarter, compared to the consensus estimate of C$4.43 billion. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 EPS. sell-side analysts predict that Emerson Electric Company will post 2.9 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be issued a $0.485 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. This represents a $1.94 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Thursday, November 16th. Emerson Electric’s dividend payout ratio is 81.70%.
A number of equities analysts recently commented on the stock. Robert W. Baird reaffirmed a “hold” rating and set a $70.00 price target on shares of Emerson Electric in a research note on Friday. Royal Bank Of Canada reaffirmed a “neutral” rating on shares of Emerson Electric in a research note on Thursday. Stifel Nicolaus reaffirmed a “buy” rating and set a $72.00 price target (up from $68.00) on shares of Emerson Electric in a research note on Thursday. Wells Fargo & Company reaffirmed a “market perform” rating and set a $65.00 price target (up from $60.00) on shares of Emerson Electric in a research note on Wednesday, November 8th. Finally, Zacks Investment Research raised shares of Emerson Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of C$65.14.
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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.
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