Schroder Investment Management Group raised its stake in Emerson Electric Company (NYSE:EMR) by 13.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,467,360 shares of the industrial products company’s stock after purchasing an additional 173,303 shares during the period. Schroder Investment Management Group owned 0.23% of Emerson Electric worth $102,260,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in EMR. Vanguard Group Inc. grew its position in shares of Emerson Electric by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 44,195,877 shares of the industrial products company’s stock valued at $2,634,958,000 after buying an additional 497,625 shares during the last quarter. BlackRock Inc. grew its position in shares of Emerson Electric by 1.9% during the 2nd quarter. BlackRock Inc. now owns 40,954,867 shares of the industrial products company’s stock valued at $2,441,728,000 after buying an additional 778,791 shares during the last quarter. Longview Partners Guernsey LTD grew its position in shares of Emerson Electric by 4.1% during the 4th quarter. Longview Partners Guernsey LTD now owns 14,322,835 shares of the industrial products company’s stock valued at $998,158,000 after buying an additional 564,510 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Emerson Electric by 4.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 13,355,963 shares of the industrial products company’s stock valued at $839,288,000 after buying an additional 597,993 shares during the last quarter. Finally, Capital World Investors grew its position in shares of Emerson Electric by 4.6% during the 2nd quarter. Capital World Investors now owns 11,450,000 shares of the industrial products company’s stock valued at $682,649,000 after buying an additional 500,000 shares during the last quarter. 68.27% of the stock is owned by institutional investors.
A number of equities research analysts recently weighed in on EMR shares. Vertical Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Tuesday, January 2nd. Edward Jones downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Cowen raised shares of Emerson Electric to a “buy” rating and set a $71.00 price objective for the company in a research report on Monday, October 23rd. Royal Bank of Canada reaffirmed a “neutral” rating on shares of Emerson Electric in a research report on Thursday, November 9th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and set a $66.00 price objective on shares of Emerson Electric in a research report on Friday, December 8th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $69.67.
In other news, VP Frank J. Dellaquila sold 2,100 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total value of $136,017.00. Following the completion of the sale, the vice president now directly owns 178,743 shares of the company’s stock, valued at approximately $11,577,184.11. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Bell Katherine Button sold 7,518 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $66.36, for a total transaction of $498,894.48. Following the completion of the sale, the vice president now directly owns 36,877 shares of the company’s stock, valued at $2,447,157.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,017 shares of company stock valued at $1,771,129. 0.84% of the stock is owned by insiders.
Emerson Electric Company (NYSE EMR) opened at $72.99 on Tuesday. Emerson Electric Company has a 1 year low of $56.77 and a 1 year high of $74.45. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.40. The company has a market cap of $46,336.80, a PE ratio of 27.34, a price-to-earnings-growth ratio of 2.29 and a beta of 1.19.
Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, February 6th. The industrial products company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.54 by $0.04. Emerson Electric had a net margin of 10.09% and a return on equity of 20.73%. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the prior year, the firm earned $0.49 EPS. Emerson Electric’s quarterly revenue was up 18.7% on a year-over-year basis. sell-side analysts forecast that Emerson Electric Company will post 3.13 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 16th will be given a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is 78.23%.
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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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