Gargoyle Investment Advisor L.L.C. continued to hold its position in Emerson Electric Co. (NYSE:EMR) during the second quarter, according to its most recent filing with the SEC. The firm owned 37,245 shares of the company’s stock at the end of the second quarter. Gargoyle Investment Advisor L.L.C.’s holdings in Emerson Electric were worth $1,943,000 as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in EMR. Bank of Montreal Can acquired a new position in Emerson Electric during the second quarter valued at about $43,563,000. AXA increased its position in Emerson Electric by 46.5% in the first quarter. AXA now owns 1,584,042 shares of the company’s stock valued at $86,140,000 after buying an additional 502,533 shares during the last quarter. Sasco Capital Inc. CT increased its position in Emerson Electric by 22.4% in the first quarter. Sasco Capital Inc. CT now owns 2,469,653 shares of the company’s stock valued at $134,300,000 after buying an additional 452,303 shares during the last quarter. Seminole Management Co. Inc. acquired a new position in Emerson Electric during the second quarter valued at about $20,838,000. Finally, Geode Capital Management LLC increased its position in Emerson Electric by 4.4% in the first quarter. Geode Capital Management LLC now owns 5,526,822 shares of the company’s stock valued at $299,972,000 after buying an additional 233,873 shares during the last quarter. 69.40% of the stock is owned by hedge funds and other institutional investors.
Shares of Emerson Electric Co. (NYSE:EMR) traded down 0.84% during mid-day trading on Tuesday, reaching $53.35. 3,447,189 shares of the company’s stock traded hands. The stock has a market cap of $34.33 billion, a price-to-earnings ratio of 18.89 and a beta of 1.19. Emerson Electric Co. has a 12-month low of $41.25 and a 12-month high of $56.82. The firm’s 50 day moving average price is $52.77 and its 200-day moving average price is $53.43.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings data 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 company earned $5.10 billion during the quarter, compared to the consensus estimate of $5.34 billion. Equities research analysts forecast that Emerson Electric Co. will post $2.92 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were issued a $0.475 dividend. The ex-dividend date was Wednesday, August 10th. This represents a $1.90 annualized dividend and a yield of 3.56%. Emerson Electric’s dividend payout ratio (DPR) is presently 67.38%.
Several equities analysts have recently issued reports on EMR shares. Credit Suisse Group AG downgraded shares of 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 reissued a “market perform” rating on shares of Emerson Electric in a research note on Monday, June 27th. Vetr downgraded shares of Emerson Electric from a “sell” rating to a “strong sell” rating and set a $47.31 target price for the company. in a research note on Monday. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Emerson Electric in a research note on Monday, September 26th. Finally, Morgan Stanley reissued a “hold” rating and set a $50.00 target price on shares of Emerson Electric in a research note on Monday, August 29th. Seven equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $51.91.
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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