D.A. Davidson & CO. raised its stake in Emerson Electric Company (NYSE:EMR) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 566,944 shares of the industrial products company’s stock after buying an additional 8,785 shares during the quarter. Emerson Electric accounts for about 0.8% of D.A. Davidson & CO.’s holdings, making the stock its 23rd biggest position. D.A. Davidson & CO.’s holdings in Emerson Electric were worth $39,510,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Intellectus Partners LLC increased its stake in shares of Emerson Electric by 0.3% during the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 7 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Emerson Electric by 0.5% during the 2nd quarter. Parallel Advisors LLC now owns 4,892 shares of the industrial products company’s stock worth $292,000 after purchasing an additional 26 shares during the last quarter. Trust Co. of Virginia VA grew its stake in Emerson Electric by 2.2% in the 2nd quarter. Trust Co. of Virginia VA now owns 3,500 shares of the industrial products company’s stock valued at $208,000 after buying an additional 75 shares during the last quarter. Security National Bank of Sioux City Iowa IA grew its stake in Emerson Electric by 0.5% in the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 14,881 shares of the industrial products company’s stock valued at $887,000 after buying an additional 80 shares during the last quarter. Finally, Cornerstone Advisory LLP grew its stake in Emerson Electric by 2.5% in the 2nd quarter. Cornerstone Advisory LLP now owns 3,505 shares of the industrial products company’s stock valued at $209,000 after buying an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 69.44% of the company’s stock.
A number of research firms recently issued reports on EMR. Barclays began coverage on shares of Emerson Electric in a research note on Thursday. They issued an “overweight” rating and a $80.00 target price on the stock. Royal Bank of Canada upgraded shares of Emerson Electric from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $70.38 to $80.00 in a research note on Tuesday, February 13th. JPMorgan Chase & Co. upgraded shares of Emerson Electric from a “neutral” rating to an “overweight” rating in a research note on Friday, February 9th. Zacks Investment Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Thursday, February 8th. Finally, Robert W. Baird raised their target price on shares of Emerson Electric from $70.00 to $76.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $69.67.
In other Emerson Electric news, VP Bell Katherine Button sold 7,909 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $64.78, for a total value of $512,345.02. Following the completion of the sale, the vice president now directly owns 44,628 shares of the company’s stock, valued at approximately $2,891,001.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Frank J. Dellaquila sold 2,100 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total transaction of $136,017.00. Following the completion of the sale, the vice president now directly owns 178,743 shares of the company’s stock, valued at $11,577,184.11. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,017 shares of company stock valued at $1,771,129. Insiders own 0.79% of the company’s stock.
Shares of Emerson Electric Company (NYSE EMR) opened at $72.99 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.40. Emerson Electric Company has a 1-year low of $56.77 and a 1-year high of $74.45. The firm has a market cap of $46,336.82, a price-to-earnings ratio of 27.34, a price-to-earnings-growth ratio of 2.29 and a beta of 1.19.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Emerson Electric had a net margin of 10.09% and a return on equity of 20.73%. The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the prior year, the firm earned $0.49 EPS. The business’s revenue was up 18.7% on a year-over-year basis. equities research analysts predict that Emerson Electric Company will post 3.13 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 16th will be issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 78.23%.
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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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