Farmers National Bank raised its position in shares of Emerson Electric Company (NYSE:EMR) by 8.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,627 shares of the industrial products company’s stock after acquiring an additional 900 shares during the quarter. Farmers National Bank’s holdings in Emerson Electric were worth $634,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Emerson Electric by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock valued at $2,615,777,000 after acquiring an additional 2,404,844 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Emerson Electric by 2.3% during the 1st quarter. Bank of New York Mellon Corp now owns 14,552,526 shares of the industrial products company’s stock valued at $871,114,000 after acquiring an additional 332,238 shares in the last quarter. American International Group Inc. boosted its position in Emerson Electric by 0.6% during the 1st quarter. American International Group Inc. now owns 9,041,764 shares of the industrial products company’s stock valued at $541,240,000 after acquiring an additional 53,444 shares in the last quarter. American Century Companies Inc. boosted its position in Emerson Electric by 19.4% during the 1st quarter. American Century Companies Inc. now owns 4,338,862 shares of the industrial products company’s stock valued at $259,724,000 after acquiring an additional 705,924 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in Emerson Electric by 5.5% during the 1st quarter. Legal & General Group Plc now owns 3,358,845 shares of the industrial products company’s stock valued at $201,055,000 after acquiring an additional 174,816 shares in the last quarter. 70.19% of the stock is currently owned by institutional investors and hedge funds.
Shares of Emerson Electric Company (NYSE:EMR) traded up 0.1032% during midday trading on Wednesday, reaching $61.3232. 624,923 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $59.45 and its 200 day moving average is $59.49. Emerson Electric Company has a one year low of $49.22 and a one year high of $64.36. The firm has a market cap of $39.25 billion, a PE ratio of 27.3642 and a beta of 1.18.
Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.68. The business had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the company posted $0.68 earnings per share. Analysts anticipate that Emerson Electric Company will post $2.61 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 11th were issued a $0.48 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.13%. Emerson Electric’s dividend payout ratio is currently 85.33%.
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Several research firms have weighed in on EMR. BidaskClub cut Emerson Electric from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Berenberg Bank reaffirmed a “sell” rating and set a $53.00 price objective on shares of Emerson Electric in a research report on Friday, August 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $62.00 price objective (up from $61.00) on shares of Emerson Electric in a research report on Wednesday, August 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $68.00 price objective on shares of Emerson Electric in a research report on Wednesday, July 19th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Emerson Electric in a research report on Tuesday, July 11th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company’s stock. Emerson Electric has an average rating of “Hold” and a consensus target price of $60.52.
In other Emerson Electric news, insider Robert T. Sharp sold 2,000 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $58.99, for a total value of $117,980.00. Following the completion of the transaction, the insider now owns 64,290 shares of the company’s stock, valued at $3,792,467.10. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.79% of the company’s stock.
Emerson Electric Company Profile
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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