Lincoln National Corp grew its stake in shares of Emerson Electric Co. (NYSE:EMR – Get Rating) by 4.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 11,717 shares of the industrial products company’s stock after acquiring an additional 520 shares during the quarter. Lincoln National Corp’s holdings in Emerson Electric were worth $858,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the stock. Ieq Capital LLC lifted its position in shares of Emerson Electric by 32.6% during the 3rd quarter. Ieq Capital LLC now owns 17,325 shares of the industrial products company’s stock valued at $1,268,000 after acquiring an additional 4,263 shares during the period. First Republic Investment Management Inc. lifted its position in shares of Emerson Electric by 4.2% during the 3rd quarter. First Republic Investment Management Inc. now owns 1,625,527 shares of the industrial products company’s stock worth $119,021,000 after buying an additional 66,245 shares during the last quarter. Centered Wealth LLC dba Miller Equity Capital Advisors lifted its position in shares of Emerson Electric by 24.8% during the 3rd quarter. Centered Wealth LLC dba Miller Equity Capital Advisors now owns 30,233 shares of the industrial products company’s stock worth $2,214,000 after buying an additional 6,000 shares during the last quarter. Stock Yards Bank & Trust Co. lifted its position in shares of Emerson Electric by 4.1% during the 3rd quarter. Stock Yards Bank & Trust Co. now owns 244,752 shares of the industrial products company’s stock worth $17,921,000 after buying an additional 9,717 shares during the last quarter. Finally, Smith Shellnut Wilson LLC ADV lifted its position in shares of Emerson Electric by 5.1% during the 3rd quarter. Smith Shellnut Wilson LLC ADV now owns 4,431 shares of the industrial products company’s stock worth $324,000 after buying an additional 216 shares during the last quarter. 71.64% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
EMR has been the subject of several recent analyst reports. Wells Fargo & Company upped their price objective on Emerson Electric from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 30th. Barclays lowered their target price on Emerson Electric from $82.00 to $80.00 and set an “equal weight” rating for the company in a report on Monday, October 3rd. Deutsche Bank Aktiengesellschaft cut Emerson Electric from a “buy” rating to a “hold” rating and lowered their target price for the stock from $97.00 to $96.00 in a report on Tuesday, November 1st. Citigroup upped their target price on Emerson Electric from $99.00 to $109.00 and gave the stock a “buy” rating in a report on Friday, December 9th. Finally, UBS Group cut Emerson Electric from a “buy” rating to a “neutral” rating and decreased their price target for the company from $118.00 to $100.00 in a research note on Wednesday, January 4th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $98.77.
Insiders Place Their Bets
Emerson Electric Trading Up 0.5 %
NYSE EMR opened at $89.48 on Wednesday. The business has a 50 day simple moving average of $95.04 and a 200 day simple moving average of $87.69. Emerson Electric Co. has a one year low of $72.40 and a one year high of $100.00. The stock has a market capitalization of $52.92 billion, a P/E ratio of 16.54, a P/E/G ratio of 2.57 and a beta of 1.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.09 and a quick ratio of 0.81.
Emerson Electric (NYSE:EMR – Get Rating) last announced its quarterly earnings results on Monday, October 31st. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.14. The business had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.33 billion. Emerson Electric had a return on equity of 23.43% and a net margin of 16.46%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.21 earnings per share. Research analysts expect that Emerson Electric Co. will post 4.08 earnings per share for the current year.
Emerson Electric Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Friday, November 11th were issued a $0.52 dividend. The ex-dividend date was Wednesday, November 9th. This represents a $2.08 annualized dividend and a yield of 2.32%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.52. Emerson Electric’s dividend payout ratio is presently 38.45%.
Emerson Electric Company Profile
Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, AspenTech, and Commercial & Residential Solutions segments.
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