Penbrook Management LLC purchased a new position in shares of Emerson Electric Co. (NYSE:EMR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,950 shares of the industrial products company’s stock, valued at approximately $763,000.
Other hedge funds also recently added to or reduced their stakes in the company. G&S Capital LLC acquired a new stake in shares of Emerson Electric during the fourth quarter worth approximately $101,000. Tower Research Capital LLC TRC acquired a new stake in shares of Emerson Electric during the second quarter worth approximately $109,000. Cerebellum GP LLC acquired a new stake in shares of Emerson Electric during the fourth quarter worth approximately $129,000. Intellectus Partners LLC grew its position in shares of Emerson Electric by 0.3% during the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock worth $125,000 after buying an additional 7 shares in the last quarter. Finally, Global Trust Asset Management LLC acquired a new stake in shares of Emerson Electric during the fourth quarter worth approximately $146,000. 69.89% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on EMR shares. Cowen raised shares of Emerson Electric from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $61.00 to $71.00 in a research report on Tuesday, November 28th. Citigroup set a $61.00 price objective on shares of Emerson Electric and gave the stock a “sell” rating in a report on Tuesday, November 28th. JPMorgan Chase & Co. assumed coverage on shares of Emerson Electric in a report on Wednesday, November 29th. They issued a “neutral” rating for the company. Goldman Sachs reaffirmed a “neutral” rating and issued a $66.00 price objective on shares of Emerson Electric in a report on Friday, December 8th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Emerson Electric in a report on Monday, December 11th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. Emerson Electric has a consensus rating of “Hold” and a consensus target price of $70.72.
Emerson Electric stock opened at $70.11 on Thursday. Emerson Electric Co. has a 1-year low of $56.77 and a 1-year high of $74.45. The company has a market cap of $44,787.80, a price-to-earnings ratio of 28.69, a price-to-earnings-growth ratio of 2.15 and a beta of 1.15. 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 (NYSE:EMR) last announced its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. Emerson Electric had a net margin of 10.09% and a return on equity of 20.73%. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. equities analysts forecast that Emerson Electric Co. will post 3.11 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 16th were issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 2.77%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is 78.23%.
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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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