Baird Financial Group Inc. increased its stake in Emerson Electric Company (NYSE:EMR) by 0.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 548,653 shares of the industrial products company’s stock after purchasing an additional 4,269 shares during the quarter. Baird Financial Group Inc.’s holdings in Emerson Electric were worth $38,236,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. acquired a new stake in Emerson Electric during the 3rd quarter valued at $12,652,000. APG Asset Management N.V. lifted its holdings in Emerson Electric by 10.8% during the 3rd quarter. APG Asset Management N.V. now owns 3,921,119 shares of the industrial products company’s stock valued at $246,403,000 after purchasing an additional 383,300 shares during the last quarter. Andra AP fonden lifted its holdings in Emerson Electric by 5.2% during the 2nd quarter. Andra AP fonden now owns 95,300 shares of the industrial products company’s stock valued at $5,682,000 after purchasing an additional 4,700 shares during the last quarter. Lipe & Dalton lifted its holdings in Emerson Electric by 1.3% during the 2nd quarter. Lipe & Dalton now owns 42,125 shares of the industrial products company’s stock valued at $2,511,000 after purchasing an additional 560 shares during the last quarter. Finally, Linscomb & Williams Inc. lifted its holdings in Emerson Electric by 5.1% during the 3rd quarter. Linscomb & Williams Inc. now owns 62,569 shares of the industrial products company’s stock valued at $3,932,000 after purchasing an additional 3,012 shares during the last quarter. 68.27% of the stock is owned by institutional investors.
In related news, VP Bell Katherine Button sold 7,909 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $64.78, for a total value of $512,345.02. Following the transaction, the vice president now owns 44,628 shares in the company, valued at $2,891,001.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Edgar M. Purvis, Jr. sold 9,490 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $65.74, for a total value of $623,872.60. Following the completion of the transaction, the chief operating officer now owns 168,984 shares in the company, valued at approximately $11,109,008.16. The disclosure for this sale can be found here. Insiders sold 27,017 shares of company stock worth $1,771,129 in the last 90 days. 0.84% of the stock is owned by company insiders.
Emerson Electric Company (EMR) opened at $71.81 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.32 and a quick ratio of 1.02. Emerson Electric Company has a 12-month low of $56.77 and a 12-month high of $74.45. The company has a market capitalization of $46,090.00, a price-to-earnings ratio of 28.27, a P/E/G ratio of 2.29 and a beta of 1.19.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.58 EPS for the quarter, topping the Zacks’ 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 company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter last year, the business earned $0.49 earnings per share. Emerson Electric’s revenue was up 18.7% on a year-over-year basis. analysts expect that Emerson Electric Company will post 3.13 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 16th will be given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Thursday, February 15th. Emerson Electric’s payout ratio is currently 76.38%.
Several brokerages have issued reports on EMR. UBS Group began coverage on Emerson Electric in a report on Monday, January 22nd. They set a “buy” rating and a $73.26 price target for the company. Wells Fargo & Co reaffirmed a “market perform” rating and set a $73.00 price target (up previously from $65.00) on shares of Emerson Electric in a report on Thursday, January 18th. JMP Securities downgraded Emerson Electric from an “outperform” rating to a “market perform” rating and cut their price target for the company from $74.45 to $56.77 in a report on Thursday, February 1st. Barclays assumed coverage on Emerson Electric in a report on Thursday, February 15th. They set an “overweight” rating and a $80.00 price target for the company. Finally, Royal Bank of Canada raised Emerson Electric from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $70.38 to $80.00 in a report on Tuesday, February 13th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. Emerson Electric has an average rating of “Hold” and an average target price of $69.67.
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About Emerson Electric
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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