Sage Capital Advisors llc acquired a new stake in Emerson Electric Company (NYSE:EMR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 15,000 shares of the industrial products company’s stock, valued at approximately $894,000.
Several other institutional investors also recently made changes to their positions in the stock. Brookstone Capital Management raised its position in shares of Emerson Electric by 0.5% in the 2nd quarter. Brookstone Capital Management now owns 103,973 shares of the industrial products company’s stock valued at $6,199,000 after purchasing an additional 521 shares during the last quarter. Buckingham Asset Management LLC increased its holdings in Emerson Electric by 100.6% in the 2nd quarter. Buckingham Asset Management LLC now owns 31,764 shares of the industrial products company’s stock worth $1,894,000 after buying an additional 15,927 shares during the period. Pacer Advisors Inc. increased its holdings in Emerson Electric by 34.3% in the 2nd quarter. Pacer Advisors Inc. now owns 31,339 shares of the industrial products company’s stock worth $1,868,000 after buying an additional 8,005 shares during the period. Utah Retirement Systems increased its holdings in Emerson Electric by 0.3% in the 2nd quarter. Utah Retirement Systems now owns 117,716 shares of the industrial products company’s stock worth $7,018,000 after buying an additional 400 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in Emerson Electric by 0.9% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,369,815 shares of the industrial products company’s stock worth $81,668,000 after buying an additional 12,102 shares during the period. 70.14% of the stock is owned by hedge funds and other institutional investors.
Emerson Electric Company (NYSE:EMR) traded up $0.13 during trading on Friday, reaching $61.61. 3,613,300 shares of the company were exchanged, compared to its average volume of 3,356,554. Emerson Electric Company has a 1 year low of $53.92 and a 1 year high of $67.79. The firm has a market cap of $39,348.40, a PE ratio of 23.83, a P/E/G ratio of 2.81 and a beta of 1.24. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.43.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.83. The company had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.43 billion. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 EPS. sell-side analysts predict that Emerson Electric Company will post 2.9 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 17th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.94 dividend on an annualized basis and a yield of 3.15%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.48. Emerson Electric’s dividend payout ratio (DPR) is presently 81.70%.
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 stock was sold at an average price of $58.99, for a total value of $117,980.00. Following the transaction, the insider now owns 64,290 shares in the company, valued at approximately $3,792,467.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.79% of the company’s stock.
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Several equities analysts recently weighed in on EMR shares. Stifel Nicolaus reiterated a “buy” rating and issued a $68.00 price target on shares of Emerson Electric in a report on Wednesday, July 19th. BidaskClub downgraded shares of Emerson Electric from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $62.00 price target (up previously from $61.00) on shares of Emerson Electric in a report on Wednesday, August 2nd. Berenberg Bank reiterated a “sell” rating and issued a $53.00 price target on shares of Emerson Electric in a report on Friday, August 11th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $67.00 price target (up previously from $64.00) on shares of Emerson Electric in a report on Monday, October 2nd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $65.14.
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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