IFP Advisors Inc lowered its holdings in Emerson Electric Company (NYSE:EMR) by 55.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,301 shares of the industrial products company’s stock after selling 22,856 shares during the period. IFP Advisors Inc’s holdings in Emerson Electric were worth $1,275,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Emerson Electric by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 44,195,877 shares of the industrial products company’s stock worth $2,634,958,000 after acquiring an additional 497,625 shares during the last quarter. BlackRock Inc. increased its stake in Emerson Electric by 1.9% in the 2nd quarter. BlackRock Inc. now owns 40,954,867 shares of the industrial products company’s stock worth $2,441,728,000 after acquiring an additional 778,791 shares during the last quarter. Longview Partners Guernsey LTD increased its stake in Emerson Electric by 9.0% in the 3rd quarter. Longview Partners Guernsey LTD now owns 13,758,325 shares of the industrial products company’s stock worth $864,573,000 after acquiring an additional 1,134,275 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Emerson Electric by 4.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 13,355,963 shares of the industrial products company’s stock worth $839,288,000 after acquiring an additional 597,993 shares during the last quarter. Finally, Capital World Investors increased its stake in Emerson Electric by 4.6% in the 2nd quarter. Capital World Investors now owns 11,450,000 shares of the industrial products company’s stock worth $682,649,000 after acquiring an additional 500,000 shares during the last quarter. 69.44% of the stock is currently owned by hedge funds and other institutional investors.
In other news, VP Frank J. Dellaquila sold 2,100 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total value of $136,017.00. Following the completion of the transaction, the vice president now owns 178,743 shares of the company’s stock, valued at approximately $11,577,184.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Bell Katherine Button sold 7,909 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $64.78, for a total value of $512,345.02. Following the transaction, the vice president now directly owns 44,628 shares of the company’s stock, valued at approximately $2,891,001.84. The disclosure for this sale can be found here. Insiders sold a total of 27,017 shares of company stock valued at $1,771,129 in the last three months. Corporate insiders own 0.84% of the company’s stock.
Shares of Emerson Electric Company (NYSE:EMR) opened at $70.31 on Tuesday. Emerson Electric Company has a fifty-two week low of $56.77 and a fifty-two week high of $74.45. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.32 and a quick ratio of 1.02. The firm has a market capitalization of $43,848.23, a P/E ratio of 25.87, a price-to-earnings-growth ratio of 2.38 and a beta of 1.19.
Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. Emerson Electric had a return on equity of 20.73% and a net margin of 10.09%. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter last year, the business posted $0.49 EPS. The business’s revenue was up 18.7% on a year-over-year basis. sell-side analysts forecast that Emerson Electric Company will post 3.12 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 16th will be given a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, February 15th. Emerson Electric’s dividend payout ratio is currently 78.23%.
A number of research firms have recently issued reports on EMR. JMP Securities cut Emerson Electric from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $74.45 to $56.77 in a report on Thursday, February 1st. Robert W. Baird upped their price objective on Emerson Electric from $70.00 to $76.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. JPMorgan Chase & Co. upgraded Emerson Electric from a “neutral” rating to an “overweight” rating in a report on Friday. Cowen upgraded Emerson Electric from a “market perform” rating to an “outperform” rating in a report on Tuesday, October 17th. Finally, Zacks Investment Research upgraded Emerson Electric from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $67.65.
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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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