Dividend Assets Capital LLC increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 43.9% during the second quarter, Holdings Channel reports. The institutional investor owned 9,870 shares of the company’s stock after buying an additional 3,010 shares during the period. Dividend Assets Capital LLC’s holdings in Emerson Electric were worth $515,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in EMR. Arcadia Investment Management Corp MI increased its stake in shares of Emerson Electric by 11.4% in the second quarter. Arcadia Investment Management Corp MI now owns 2,281 shares of the company’s stock valued at $119,000 after buying an additional 234 shares in the last quarter. Americafirst Capital Management LLC acquired a new stake in shares of Emerson Electric during the second quarter valued at $128,000. Integrated Investment Consultants LLC increased its stake in shares of Emerson Electric by 99.5% in the second quarter. Integrated Investment Consultants LLC now owns 2,530 shares of the company’s stock valued at $132,000 after buying an additional 1,262 shares in the last quarter. Oakworth Capital Inc. increased its stake in shares of Emerson Electric by 405.6% in the second quarter. Oakworth Capital Inc. now owns 2,705 shares of the company’s stock valued at $141,000 after buying an additional 2,170 shares in the last quarter. Finally, Badgley Phelps & Bell Inc. acquired a new stake in shares of Emerson Electric during the first quarter valued at $205,000. Hedge funds and other institutional investors own 69.40% of the company’s stock.
Emerson Electric Co. (NYSE:EMR) traded up 2.81% during midday trading on Friday, hitting $54.51. 7,460,094 shares of the company traded hands. The firm has a market capitalization of $35.08 billion, a PE ratio of 19.30 and a beta of 1.23. The stock’s 50-day moving average is $52.81 and its 200-day moving average is $53.41. Emerson Electric Co. has a 12-month low of $41.25 and a 12-month high of $56.82.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.80 earnings per share (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 company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.34 billion. Analysts anticipate that Emerson Electric Co. will post $2.92 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend was Wednesday, August 10th. Emerson Electric’s dividend payout ratio is 67.38%.
EMR has been the subject of a number of research reports. Credit Suisse Group AG downgraded Emerson Electric from an “outperform” rating to a “neutral” rating and set a $57.00 price target for the company. in a research note on Friday, August 19th. They noted that the move was a valuation call. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Emerson Electric in a report on Monday, June 27th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Emerson Electric in a report on Monday, September 26th. Morgan Stanley reaffirmed a “hold” rating and set a $50.00 price target on shares of Emerson Electric in a report on Monday, August 29th. Finally, Zacks Investment Research cut Emerson Electric from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $52.82.
Emerson Electric Company Profile
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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