Executive Wealth Management LLC lowered its position in shares of Emerson Electric Co. (NYSE:EMR) by 35.4% in the second quarter, Holdings Channel reports. The firm owned 453 shares of the industrial products company’s stock after selling 248 shares during the period. Executive Wealth Management LLC’s holdings in Emerson Electric were worth $30,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of EMR. Dimensional Fund Advisors LP lifted its stake in Emerson Electric by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,910,281 shares of the industrial products company’s stock valued at $114,137,000 after buying an additional 64,900 shares in the last quarter. Geode Capital Management LLC raised its holdings in Emerson Electric by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 7,394,814 shares of the industrial products company’s stock valued at $441,115,000 after acquiring an additional 355,369 shares during the last quarter. Millennium Management LLC raised its holdings in Emerson Electric by 146.8% in the 4th quarter. Millennium Management LLC now owns 67,396 shares of the industrial products company’s stock valued at $4,027,000 after acquiring an additional 40,090 shares during the last quarter. First Command Bank raised its holdings in Emerson Electric by 70.2% in the 1st quarter. First Command Bank now owns 6,620 shares of the industrial products company’s stock valued at $454,000 after acquiring an additional 2,730 shares during the last quarter. Finally, Flagship Harbor Advisors LLC raised its holdings in Emerson Electric by 8.1% in the 1st quarter. Flagship Harbor Advisors LLC now owns 4,696 shares of the industrial products company’s stock valued at $321,000 after acquiring an additional 351 shares during the last quarter. Hedge funds and other institutional investors own 70.30% of the company’s stock.
Several research analysts have weighed in on EMR shares. Deutsche Bank cut their price target on Emerson Electric from $74.00 to $73.00 and set a “buy” rating for the company in a report on Monday, August 5th. Zacks Investment Research downgraded Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price target for the company. in a report on Tuesday, July 23rd. Cowen reiterated a “buy” rating and issued a $72.00 price target on shares of Emerson Electric in a report on Friday, August 9th. Citigroup cut their price target on Emerson Electric from $79.00 to $77.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Finally, Argus downgraded Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. Emerson Electric presently has a consensus rating of “Hold” and a consensus target price of $72.71.
EMR stock opened at $56.41 on Friday. The company has a market cap of $36.41 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 1.99 and a beta of 1.32. The company has a quick ratio of 0.85, a current ratio of 1.18 and a debt-to-equity ratio of 0.49. The business has a fifty day simple moving average of $64.06 and a 200-day simple moving average of $66.45. Emerson Electric Co. has a 52 week low of $55.38 and a 52 week high of $79.70.
Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.94 EPS for the quarter, hitting analysts’ consensus estimates of $0.94. The business had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.82 billion. Emerson Electric had a return on equity of 24.67% and a net margin of 12.06%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.12 EPS. As a group, analysts expect that Emerson Electric Co. will post 3.64 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th will be issued a dividend of $0.49 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.47%. Emerson Electric’s payout ratio is 57.99%.
In other news, VP Bell Katherine Button sold 15,791 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $63.91, for a total transaction of $1,009,202.81. Following the completion of the sale, the vice president now directly owns 30,304 shares in the company, valued at approximately $1,936,728.64. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael H. Train sold 12,278 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $63.80, for a total value of $783,336.40. Following the sale, the insider now owns 129,298 shares of the company’s stock, valued at $8,249,212.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,333 shares of company stock valued at $2,583,230. Insiders own 0.07% of the company’s stock.
Emerson Electric 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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