Richard C. Young & CO. LTD. lifted its position in Emerson Electric Company (NYSE:EMR) by 11.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,661 shares of the industrial products company’s stock after buying an additional 3,495 shares during the quarter. Richard C. Young & CO. LTD.’s holdings in Emerson Electric were worth $2,007,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of EMR. Ffcm LLC lifted its stake in shares of Emerson Electric by 7.1% in the first quarter. Ffcm LLC now owns 36,450 shares of the industrial products company’s stock worth $2,182,000 after buying an additional 2,412 shares during the last quarter. AGF Investments Inc. lifted its stake in shares of Emerson Electric by 8.5% in the first quarter. AGF Investments Inc. now owns 173,807 shares of the industrial products company’s stock worth $10,392,000 after buying an additional 13,611 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Emerson Electric by 1.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,357,713 shares of the industrial products company’s stock worth $81,273,000 after buying an additional 16,105 shares during the last quarter. Milestone Group Inc. acquired a new stake in shares of Emerson Electric in the first quarter worth $201,000. Finally, Catalyst Capital Advisors LLC lifted its stake in shares of Emerson Electric by 1.4% in the first quarter. Catalyst Capital Advisors LLC now owns 70,094 shares of the industrial products company’s stock worth $4,196,000 after buying an additional 998 shares during the last quarter. Institutional investors and hedge funds own 70.18% of the company’s stock.
Shares of Emerson Electric Company (NYSE:EMR) opened at $61.39 on Tuesday. 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 fifty-two week low of $53.92 and a fifty-two week high of $67.79. The firm has a market cap of $39,431.61, a PE ratio of 23.88, a PEG ratio of 2.81 and a beta of 1.24.
Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The business had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.43 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. research analysts expect that Emerson Electric Company will post 2.9 earnings per share for the current year.
The company also recently announced 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 a positive change from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date is Thursday, November 16th. This represents a $1.94 annualized dividend and a dividend yield of 3.16%. Emerson Electric’s dividend payout ratio is presently 81.70%.
In other news, insider Robert T. Sharp sold 2,000 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $58.99, for a total value of $117,980.00. Following the sale, the insider now owns 64,290 shares of the company’s stock, valued at approximately $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 currently owned by corporate insiders.
A number of equities analysts recently issued reports on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $68.00 target price on shares of Emerson Electric in a research report on Wednesday, July 19th. BidaskClub lowered shares of Emerson Electric from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $62.00 target price (up previously from $61.00) on shares of Emerson Electric in a research report on Wednesday, August 2nd. Berenberg Bank reaffirmed a “sell” rating and set a $53.00 target price on shares of Emerson Electric in a research report on Friday, August 11th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $67.00 target price (up previously from $64.00) on shares of Emerson Electric in a research report on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. Emerson Electric presently has a consensus rating of “Hold” and a consensus price target of $65.14.
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.
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