Sabal Trust CO decreased its position in shares of Emerson Electric Co. (NYSE:EMR) by 4.8% during the second quarter, Holdings Channel reports. The fund owned 10,440 shares of the company’s stock after selling 526 shares during the period. Sabal Trust CO’s holdings in Emerson Electric were worth $545,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Vicus Capital raised its position in shares of Emerson Electric by 34.0% in the first quarter. Vicus Capital now owns 5,635 shares of the company’s stock worth $306,000 after buying an additional 1,430 shares during the last quarter. Douglas Lane & Associates LLC bought a new position in shares of Emerson Electric during the first quarter worth about $2,679,000. Acropolis Investment Management LLC raised its position in shares of Emerson Electric by 3.0% in the first quarter. Acropolis Investment Management LLC now owns 38,483 shares of the company’s stock worth $2,065,000 after buying an additional 1,121 shares during the last quarter. RDL Financial Inc. raised its position in shares of Emerson Electric by 8.3% in the first quarter. RDL Financial Inc. now owns 55,130 shares of the company’s stock worth $2,998,000 after buying an additional 4,212 shares during the last quarter. Finally, Chesley Taft & Associates LLC raised its position in shares of Emerson Electric by 5.7% in the first quarter. Chesley Taft & Associates LLC now owns 37,390 shares of the company’s stock worth $2,033,000 after buying an additional 2,025 shares during the last quarter. Institutional investors and hedge funds own 69.40% of the company’s stock.
Emerson Electric Co. (NYSE:EMR) traded down 0.56% during trading on Thursday, reaching $53.39. 3,119,038 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $52.75 and its 200-day moving average price is $53.43. Emerson Electric Co. has a one year low of $41.25 and a one year high of $56.82. The stock has a market cap of $34.36 billion, a P/E ratio of 18.91 and a beta of 1.19.
Emerson Electric (NYSE:EMR) last released its 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. The business had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.34 billion. Emerson Electric had a net margin of 8.96% and a return on equity of 24.63%. On average, equities analysts anticipate that Emerson Electric Co. will post $2.92 earnings per share for the current fiscal year.
The firm also recently announced 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. This represents a $1.90 annualized dividend and a dividend yield of 3.56%. The ex-dividend date was Wednesday, August 10th. Emerson Electric’s dividend payout ratio (DPR) is currently 67.38%.
EMR has been the topic of a number of recent analyst reports. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Emerson Electric in a research note on Wednesday, June 22nd. Bank of America Corp. restated a “sell” rating on shares of Emerson Electric in a research note on Wednesday, June 22nd. Robert W. Baird restated a “neutral” rating and set a $58.00 price target on shares of Emerson Electric in a research note on Monday, June 27th. Sanford C. Bernstein restated a “market perform” rating on shares of Emerson Electric in a research note on Monday, June 27th. Finally, Credit Suisse Group AG restated a “buy” rating on shares of Emerson Electric in a research note on Sunday, July 10th. Seven equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $51.91.
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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