Financial Counselors Inc. lessened its holdings in Emerson Electric Company (NYSE:EMR) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 187,173 shares of the industrial products company’s stock after selling 4,620 shares during the quarter. Financial Counselors Inc.’s holdings in Emerson Electric were worth $13,044,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Tower Research Capital LLC TRC purchased a new position in shares of Emerson Electric in the second quarter worth about $109,000. Intellectus Partners LLC raised its stake in shares of Emerson Electric by 0.3% in the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 7 shares during the last quarter. Mountain Capital Investment Advisors Inc purchased a new position in shares of Emerson Electric in the second quarter worth about $129,000. Cerebellum GP LLC purchased a new position in shares of Emerson Electric in the fourth quarter worth about $129,000. Finally, Global Trust Asset Management LLC purchased a new position in shares of Emerson Electric in the fourth quarter worth about $146,000. 68.27% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently issued reports on the company. Barclays assumed coverage on Emerson Electric in a research note on Thursday, February 15th. They issued an “overweight” rating and a $80.00 price objective for the company. Royal Bank of Canada upgraded Emerson Electric from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $70.38 to $80.00 in a research note on Tuesday, February 13th. JPMorgan Chase & Co. upgraded Emerson Electric from a “neutral” rating to an “overweight” rating in a research note on Friday, February 9th. Zacks Investment Research upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Thursday, February 8th. Finally, Robert W. Baird raised their price objective on Emerson Electric from $70.00 to $76.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $69.67.
In other news, VP Bell Katherine Button sold 7,518 shares of the business’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 value of $498,894.48. Following the completion of the sale, the vice president now directly owns 36,877 shares in the company, valued at $2,447,157.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Edgar M. Purvis, Jr. sold 9,490 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $65.74, for a total value of $623,872.60. Following the completion of the sale, the chief operating officer now owns 168,984 shares of the company’s stock, valued at $11,109,008.16. The disclosure for this sale can be found here. Insiders sold 27,017 shares of company stock valued at $1,771,129 over the last 90 days. Company insiders own 0.79% of the company’s stock.
Emerson Electric Company (NYSE EMR) opened at $72.19 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $45,828.96, a P/E ratio of 27.04, a P/E/G ratio of 2.20 and a beta of 1.19. Emerson Electric Company has a 12-month low of $56.77 and a 12-month high of $74.45.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.04. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Emerson Electric had a return on equity of 20.73% and a net margin of 10.09%. Emerson Electric’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period last year, the business earned $0.49 earnings per share. equities analysts predict that Emerson Electric Company will post 3.11 EPS for the current year.
The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 78.23%.
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Emerson Electric 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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