Laurel Wealth Advisors Inc. grew its stake in Emerson Electric (NYSE:EMR) by 26.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,684 shares of the industrial products company’s stock after acquiring an additional 3,696 shares during the quarter. Laurel Wealth Advisors Inc.’s holdings in Emerson Electric were worth $1,232,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in EMR. ProShare Advisors LLC grew its position in shares of Emerson Electric by 4.6% during the second quarter. ProShare Advisors LLC now owns 1,031,907 shares of the industrial products company’s stock worth $61,522,000 after purchasing an additional 45,569 shares in the last quarter. Verity Asset Management Inc. lifted its stake in shares of Emerson Electric by 4.5% during the 2nd quarter. Verity Asset Management Inc. now owns 7,130 shares of the industrial products company’s stock worth $427,000 after acquiring an additional 308 shares during the last quarter. Columbia Partners L L C Investment Management lifted its stake in shares of 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 worth $2,981,000 after acquiring an additional 1,826 shares during the last quarter. New York State Common Retirement Fund increased 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 worth $130,226,000 after purchasing an additional 13,999 shares during the period. Finally, Mutual of America Capital Management LLC increased 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 worth $4,691,000 after purchasing an additional 695 shares during the period. 69.90% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently issued reports on EMR shares. Barclays started coverage on Emerson Electric in a report on Thursday, February 15th. They issued an “overweight” rating and a $80.00 price target on the stock. Royal Bank of Canada upgraded Emerson Electric from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $70.38 to $80.00 in a research note on Tuesday, February 13th. JPMorgan Chase raised Emerson Electric from a “neutral” rating to an “overweight” rating in a research report on Friday, February 9th. Zacks Investment Research raised 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. Finally, Robert W. Baird lifted their price target on Emerson Electric from $70.00 to $76.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $70.72.
Shares of EMR stock opened at $66.31 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.32. The stock has a market cap of $43,429.25, a price-to-earnings ratio of 25.12, a PEG ratio of 2.08 and a beta of 1.18. Emerson Electric has a 1 year low of $56.77 and a 1 year high of $74.45.
Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period last year, the firm earned $0.49 EPS. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. analysts predict that Emerson Electric will post 3.12 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 16th were paid a $0.485 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $1.94 annualized dividend and a yield of 2.93%. Emerson Electric’s payout ratio is currently 73.48%.
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About Emerson Electric
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.
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