Howland Capital Management LLC Sells 400 Shares of Emerson Electric Co. (NYSE:EMR)


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Howland Capital Management LLC lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 3.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,571 shares of the industrial products company’s stock after selling 400 shares during the quarter. Howland Capital Management LLC’s holdings in Emerson Electric were worth $954,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. IHT Wealth Management LLC raised its stake in shares of Emerson Electric by 12.3% in the 3rd quarter. IHT Wealth Management LLC now owns 9,343 shares of the industrial products company’s stock valued at $613,000 after purchasing an additional 1,025 shares during the period. Kathmere Capital Management LLC acquired a new stake in shares of Emerson Electric in the 3rd quarter valued at about $92,000. Townsquare Capital LLC raised its stake in shares of Emerson Electric by 30.9% in the 3rd quarter. Townsquare Capital LLC now owns 12,220 shares of the industrial products company’s stock valued at $823,000 after purchasing an additional 2,888 shares during the period. Brinker Capital Investments LLC acquired a new stake in shares of Emerson Electric in the 3rd quarter valued at about $643,000. Finally, Sei Investments Co. raised its stake in shares of Emerson Electric by 18.4% in the 3rd quarter. Sei Investments Co. now owns 449,902 shares of the industrial products company’s stock valued at $29,503,000 after purchasing an additional 70,013 shares during the period. 73.59% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:EMR opened at $90.93 on Tuesday. Emerson Electric Co. has a 12-month low of $50.03 and a 12-month high of $93.57. The stock has a market cap of $54.56 billion, a PE ratio of 28.06, a P/E/G ratio of 2.46 and a beta of 1.55. The business has a 50 day moving average of $90.96 and a 200-day moving average of $82.80. The company has a quick ratio of 1.19, a current ratio of 1.52 and a debt-to-equity ratio of 0.75.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Monday, February 1st. The industrial products company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.15. Emerson Electric had a net margin of 11.71% and a return on equity of 25.98%. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the business earned $0.67 earnings per share. The firm’s quarterly revenue was up .2% on a year-over-year basis. Equities research analysts expect that Emerson Electric Co. will post 3.49 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 10th. Stockholders of record on Friday, February 12th were given a $0.505 dividend. The ex-dividend date was Thursday, February 11th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.22%. Emerson Electric’s payout ratio is 58.38%.

A number of analysts recently issued reports on EMR shares. The Goldman Sachs Group raised Emerson Electric from a “neutral” rating to a “buy” rating and lifted their target price for the company from $89.00 to $97.00 in a research report on Tuesday, January 19th. JPMorgan Chase & Co. lifted their target price on Emerson Electric from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, February 4th. Credit Suisse Group lifted their target price on Emerson Electric from $94.00 to $98.00 and gave the company an “outperform” rating in a research report on Wednesday, February 3rd. UBS Group raised Emerson Electric from a “neutral” rating to a “buy” rating and lifted their target price for the company from $69.00 to $100.00 in a research report on Friday, January 15th. Finally, Gordon Haskett raised Emerson Electric from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a research report on Tuesday, January 19th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $90.08.

About Emerson Electric

Emerson Electric Co designs and manufactures technology and engineering products for industrial, commercial, and consumer markets worldwide. It operates through Automation Solutions and Commercial & Residential Solutions segments. The Automation Solutions segment offers measurement and analytical instrumentation, industrial valves and equipment, and process control software and systems.

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

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