Hengehold Capital Management LLC Raises Stake in Emerson Electric Company (EMR)

Hengehold Capital Management LLC lifted its holdings in shares of Emerson Electric Company (NYSE:EMR) by 2.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 83,138 shares of the industrial products company’s stock after purchasing an additional 1,819 shares during the quarter. Emerson Electric comprises about 1.4% of Hengehold Capital Management LLC’s holdings, making the stock its 17th biggest holding. Hengehold Capital Management LLC’s holdings in Emerson Electric were worth $5,224,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Fagan Associates Inc. lifted its position in shares of Emerson Electric by 19.3% during the second quarter. Fagan Associates Inc. now owns 5,975 shares of the industrial products company’s stock worth $356,000 after purchasing an additional 968 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its stake in Emerson Electric by 6.6% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,075 shares of the industrial products company’s stock valued at $601,000 after purchasing an additional 620 shares during the last quarter. Andra AP fonden increased its stake in Emerson Electric by 5.2% in the second quarter. Andra AP fonden now owns 95,300 shares of the industrial products company’s stock valued at $5,682,000 after purchasing an additional 4,700 shares during the last quarter. Lipe & Dalton increased its stake in Emerson Electric by 1.3% in the second quarter. Lipe & Dalton now owns 42,125 shares of the industrial products company’s stock valued at $2,511,000 after purchasing an additional 560 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Emerson Electric by 5.8% in the first 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. 69.00% of the stock is currently owned by institutional investors and hedge funds.

Shares of Emerson Electric Company (NYSE:EMR) traded up $1.05 on Friday, hitting $65.78. 3,412,600 shares of the stock were exchanged, compared to its average volume of 3,435,139. The company has a current ratio of 1.64, a quick ratio of 1.30 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $41,545.00, a price-to-earnings ratio of 25.09, a PEG ratio of 3.04 and a beta of 1.24. Emerson Electric Company has a twelve month low of $55.40 and a twelve month high of $67.79.

Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.83. The business had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.43 billion. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period last year, the firm posted $0.74 earnings per share. analysts expect that Emerson Electric Company will post 2.91 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, November 16th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.48. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.95%. Emerson Electric’s dividend payout ratio (DPR) is 82.55%.

In other news, VP Bell Katherine Button sold 7,909 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $64.78, for a total transaction of $512,345.02. Following the transaction, the vice president now directly owns 44,628 shares in the company, valued at $2,891,001.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Frank J. Dellaquila sold 2,100 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total transaction of $136,017.00. Following the transaction, the vice president now owns 178,743 shares in the company, valued at $11,577,184.11. The disclosure for this sale can be found here. Company insiders own 0.79% of the company’s stock.

Several equities analysts have commented on the stock. Stifel Nicolaus reiterated a “buy” rating on shares of Emerson Electric in a research note on Thursday, October 12th. Edward Jones lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Cowen upgraded shares of Emerson Electric to a “buy” rating and set a $71.00 price target on the stock in a research note on Monday, October 23rd. Zacks Investment Research upgraded shares of Emerson Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Citigroup set a $61.00 price target on shares of Emerson Electric and gave the company a “sell” rating in a research note on Tuesday, November 28th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $65.64.

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

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