Guggenheim Capital LLC lifted its stake in Emerson Electric Co. (NYSE:EMR) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 780,758 shares of the industrial products company’s stock after purchasing an additional 22,320 shares during the quarter. Guggenheim Capital LLC owned about 0.12% of Emerson Electric worth $54,411,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. Columbia Partners L L C Investment Management boosted its holdings in Emerson Electric by 3.8% during the 2nd quarter. Columbia Partners L L C Investment Management now owns 50,010 shares of the industrial products company’s stock valued at $2,981,000 after acquiring an additional 1,826 shares during the period. New York State Common Retirement Fund boosted its holdings in Emerson Electric by 0.6% during the 2nd quarter. New York State Common Retirement Fund now owns 2,184,265 shares of the industrial products company’s stock valued at $130,226,000 after acquiring an additional 13,999 shares during the period. Mutual of America Capital Management LLC boosted its holdings in Emerson Electric by 0.9% during the 2nd quarter. Mutual of America Capital Management LLC now owns 78,682 shares of the industrial products company’s stock valued at $4,691,000 after acquiring an additional 695 shares during the period. Lazard Asset Management LLC boosted its holdings in Emerson Electric by 21.7% during the 2nd quarter. Lazard Asset Management LLC now owns 17,101 shares of the industrial products company’s stock valued at $1,019,000 after acquiring an additional 3,051 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its holdings in Emerson Electric by 3.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,492,506 shares of the industrial products company’s stock valued at $148,603,000 after acquiring an additional 74,034 shares during the period. Hedge funds and other institutional investors own 69.96% of the company’s stock.
A number of research firms recently issued reports on EMR. Edward Jones cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, November 17th. JMP Securities cut Emerson Electric from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $74.45 to $56.77 in a report on Thursday, February 1st. Stifel Nicolaus restated a “buy” rating and set a $75.00 price objective on shares of Emerson Electric in a report on Monday, December 11th. Robert W. Baird boosted their price objective on Emerson Electric from $70.00 to $76.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Finally, 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 report on Thursday, February 8th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. Emerson Electric presently has a consensus rating of “Hold” and an average target price of $70.72.
Shares of Emerson Electric Co. (NYSE:EMR) opened at $70.93 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 $44,908.41, a price-to-earnings ratio of 28.60, a price-to-earnings-growth ratio of 2.16 and a beta of 1.15. Emerson Electric Co. has a 1 year low of $56.77 and a 1 year high of $74.45.
Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.04. The business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.72 billion. Emerson Electric had a return on equity of 20.73% and a net margin of 10.09%. Emerson Electric’s revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS. equities research analysts predict that Emerson Electric Co. will post 3.11 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 16th were given a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s payout ratio is 78.23%.
COPYRIGHT VIOLATION WARNING: This story was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another publication, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The correct version of this story can be read at https://www.dispatchtribunal.com/2018/03/16/guggenheim-capital-llc-buys-22320-shares-of-emerson-electric-co-emr.html.
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.
Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR).
Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.