Halsey Associates Inc. CT lifted its position in Emerson Electric Co. (NYSE:EMR) by 71.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,471 shares of the industrial products company’s stock after buying an additional 7,310 shares during the quarter. Halsey Associates Inc. CT’s holdings in Emerson Electric were worth $1,218,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of EMR. G&S Capital LLC purchased a new stake in shares of Emerson Electric in the 4th quarter valued at $101,000. Tower Research Capital LLC TRC purchased a new stake in shares of Emerson Electric in the 2nd quarter valued at $109,000. Intellectus Partners LLC raised its holdings in shares of Emerson Electric by 0.3% in the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after buying an additional 7 shares during the period. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Emerson Electric in the 2nd quarter valued at $129,000. Finally, Cerebellum GP LLC purchased a new stake in shares of Emerson Electric in the 4th quarter valued at $129,000. Hedge funds and other institutional investors own 69.89% of the company’s stock.
Several equities research analysts have weighed in on EMR shares. Cowen restated a “buy” rating and set a $72.00 price target on shares of Emerson Electric in a report on Wednesday, December 20th. Citigroup set a $61.00 price target on Emerson Electric and gave the stock a “sell” rating in a report on Tuesday, November 28th. UBS started coverage on Emerson Electric in a report on Monday, January 22nd. They set a “buy” rating and a $73.26 price target on the stock. Vertical Research upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Tuesday, January 2nd. Finally, Wells Fargo restated 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. Three analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $70.72.
Emerson Electric Co. (EMR) traded up $0.79 during trading hours on Tuesday, hitting $71.52. The stock had a trading volume of 204,868 shares, compared to its average volume of 3,697,327. The firm has a market cap of $45,949.55, a PE ratio of 28.52, a P/E/G ratio of 2.21 and a beta of 1.15. Emerson Electric Co. has a twelve month low of $56.77 and a twelve month high of $74.45. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40.
Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.04. The business 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%. The business’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 EPS. research analysts forecast that Emerson Electric Co. will post 3.11 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 16th were given a dividend of $0.485 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $1.94 annualized dividend and a dividend yield of 2.71%. Emerson Electric’s dividend payout ratio is currently 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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