Delta Asset Management LLC TN lifted its holdings in Emerson Electric Company (NYSE:EMR) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,607 shares of the industrial products company’s stock after buying an additional 3,523 shares during the period. Emerson Electric comprises 1.0% of Delta Asset Management LLC TN’s holdings, making the stock its 29th largest holding. Delta Asset Management LLC TN’s holdings in Emerson Electric were worth $6,699,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC bought a new position in Emerson Electric during the 2nd quarter valued at about $109,000. Intellectus Partners LLC grew its holdings in Emerson Electric by 0.3% during the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 7 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new position in Emerson Electric during the 2nd quarter valued at about $129,000. AT Bancorp bought a new position in Emerson Electric during the 2nd quarter valued at about $139,000. Finally, Harbour Capital Advisors LLC bought a new position in Emerson Electric during the 1st quarter valued at about $147,000. Hedge funds and other institutional investors own 69.00% of the company’s stock.
In other Emerson Electric news, VP Bell Katherine Button sold 7,518 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $66.36, for a total value of $498,894.48. Following the transaction, the vice president now directly owns 36,877 shares in the company, valued at approximately $2,447,157.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Frank J. Dellaquila sold 2,100 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total transaction of $136,017.00. Following the completion of the transaction, the vice president now owns 178,743 shares in the company, valued at $11,577,184.11. The disclosure for this sale can be found here. Insiders sold a total of 27,017 shares of company stock worth $1,771,129 over the last 90 days. Insiders own 0.79% of the company’s stock.
Several equities analysts recently commented on the stock. BidaskClub downgraded shares of Emerson Electric from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Cowen upgraded shares of Emerson Electric from a “market perform” rating to an “outperform” rating in a report on Tuesday, October 17th. Zacks Investment Research upgraded shares of Emerson Electric from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. J P Morgan Chase & Co assumed coverage on shares of Emerson Electric in a report on Wednesday, November 29th. They set a “neutral” rating on the stock. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $75.00 price target on shares of Emerson Electric in a report on Monday. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $65.86.
Emerson Electric Company (NYSE:EMR) opened at $67.20 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 1.30. The company has a market cap of $42,790.12, a PE ratio of 25.84, a price-to-earnings-growth ratio of 2.99 and a beta of 1.24. Emerson Electric Company has a one year low of $55.40 and a one year high of $67.79.
Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.83. The business had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.43 billion. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.74 EPS. sell-side analysts anticipate that Emerson Electric Company will post 2.92 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Friday, November 17th were paid a $0.485 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. This represents a $1.94 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Thursday, November 16th. Emerson Electric’s dividend payout ratio is currently 82.55%.
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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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