Greatmark Investment Partners Inc. Has $4.74 Million Position in Emerson Electric Co. (EMR)

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Greatmark Investment Partners Inc. trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.4% during the first quarter, HoldingsChannel.com reports. The firm owned 69,175 shares of the industrial products company’s stock after selling 305 shares during the quarter. Emerson Electric makes up 1.5% of Greatmark Investment Partners Inc.’s portfolio, making the stock its 23rd largest position. Greatmark Investment Partners Inc.’s holdings in Emerson Electric were worth $4,736,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Smith Moore & CO. increased its position in shares of Emerson Electric by 2.8% during the 1st quarter. Smith Moore & CO. now owns 31,724 shares of the industrial products company’s stock valued at $2,201,000 after purchasing an additional 868 shares during the last quarter. ETF Managers Group LLC increased its position in shares of Emerson Electric by 9.0% during the 1st quarter. ETF Managers Group LLC now owns 2,125 shares of the industrial products company’s stock valued at $146,000 after purchasing an additional 176 shares during the last quarter. Mountain Pacific Investment Advisers Inc. ID bought a new position in shares of Emerson Electric during the 1st quarter valued at about $226,000. Stewardship Financial Advisors LLC bought a new position in shares of Emerson Electric during the 1st quarter valued at about $353,000. Finally, Mid Atlantic Financial Management Inc. ADV increased its position in shares of Emerson Electric by 0.7% during the 1st quarter. Mid Atlantic Financial Management Inc. ADV now owns 32,574 shares of the industrial products company’s stock valued at $2,230,000 after purchasing an additional 240 shares during the last quarter. Institutional investors own 70.55% of the company’s stock.

EMR stock opened at $62.53 on Monday. Emerson Electric Co. has a twelve month low of $55.38 and a twelve month high of $79.70. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 0.76. The company has a market cap of $38.43 billion, a P/E ratio of 18.50, a P/E/G ratio of 1.99 and a beta of 1.23.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $0.84 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.84. Emerson Electric had a return on equity of 24.63% and a net margin of 12.81%. The company had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.64 billion. During the same quarter last year, the company earned $0.76 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities research analysts forecast that Emerson Electric Co. will post 3.66 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 57.99%.

Several brokerages have recently commented on EMR. Zacks Investment Research lowered Emerson Electric from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. Citigroup upgraded Emerson Electric from a “neutral” rating to a “buy” rating and increased their price objective for the company from $67.00 to $81.00 in a research report on Monday, April 8th. Credit Suisse Group increased their price objective on Emerson Electric from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, February 6th. Morgan Stanley set a $77.00 price objective on Emerson Electric and gave the company a “buy” rating in a research report on Friday, February 8th. Finally, Cowen reiterated a “buy” rating and set a $81.00 price objective on shares of Emerson Electric in a research report on Tuesday, February 5th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $76.41.

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Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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