Argyle Capital Management Inc. held its position in shares of Emerson Electric Co. (NYSE:EMR) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 54,875 shares of the company’s stock at the end of the second quarter. Argyle Capital Management Inc.’s holdings in Emerson Electric were worth $2,862,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of EMR. Capital One National Association boosted its position in shares of Emerson Electric by 0.4% in the second quarter. Capital One National Association now owns 7,431 shares of the company’s stock worth $388,000 after buying an additional 27 shares during the period. NEXT Financial Group Inc boosted its stake in Emerson Electric by 0.6% in the second quarter. NEXT Financial Group Inc now owns 5,020 shares of the company’s stock valued at $261,000 after buying an additional 31 shares during the last quarter. Maryland Capital Management boosted its stake in Emerson Electric by 0.8% in the first quarter. Maryland Capital Management now owns 6,100 shares of the company’s stock valued at $332,000 after buying an additional 50 shares during the last quarter. Carroll Financial Associates Inc. boosted its stake in Emerson Electric by 0.6% in the second quarter. Carroll Financial Associates Inc. now owns 12,114 shares of the company’s stock valued at $631,000 after buying an additional 74 shares during the last quarter. Finally, Goelzer Investment Management Inc. boosted its stake in Emerson Electric by 1.2% in the second quarter. Goelzer Investment Management Inc. now owns 7,051 shares of the company’s stock valued at $368,000 after buying an additional 84 shares during the last quarter. 69.40% of the stock is owned by institutional investors and hedge funds.
Emerson Electric Co. (NYSE:EMR) traded up 0.63% during midday trading on Thursday, hitting $53.02. 5,379,182 shares of the stock traded hands. The stock has a market cap of $34.12 billion, a PE ratio of 18.77 and a beta of 1.23. Emerson Electric Co. has a 1-year low of $41.25 and a 1-year high of $56.82. The company has a 50-day moving average of $52.80 and a 200-day moving average of $53.39.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.80 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by $0.04. Emerson Electric had a return on equity of 24.63% and a net margin of 8.96%. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.34 billion. On average, equities analysts expect that Emerson Electric Co. will post $2.92 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were paid a dividend of $0.475 per share. The ex-dividend date was Wednesday, August 10th. This represents a $1.90 annualized dividend and a dividend yield of 3.58%. Emerson Electric’s dividend payout ratio (DPR) is 67.38%.
Several analysts have commented on the stock. Bank of America Corp. reaffirmed a “sell” rating on shares of Emerson Electric in a research note on Wednesday, June 22nd. Barclays PLC lowered their target price on shares of Emerson Electric from $55.00 to $53.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 3rd. JPMorgan Chase & Co. assumed coverage on shares of Emerson Electric in a research note on Monday, August 8th. They issued a “neutral” rating and a $47.00 target price for the company. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Emerson Electric in a research note on Sunday, July 10th. Finally, Zacks Investment Research cut shares of Emerson Electric from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company. Emerson Electric currently has a consensus rating of “Hold” and a consensus price target of $52.82.
About Emerson Electric
Emerson Electric Co is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.
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