Emerson Electric (EMR) Position Boosted by Guggenheim Capital LLC

Guggenheim Capital LLC increased its holdings in shares of Emerson Electric (NYSE:EMR) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 780,758 shares of the industrial products company’s stock after buying an additional 22,320 shares during the quarter. Guggenheim Capital LLC owned 0.12% of Emerson Electric worth $54,411,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of EMR. Tower Research Capital LLC TRC acquired a new stake in shares of Emerson Electric in the second quarter worth about $109,000. Cerebellum GP LLC acquired a new position in shares of Emerson Electric during the 4th quarter worth about $129,000. Intellectus Partners LLC lifted its position in shares of Emerson Electric by 0.3% during the 2nd 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. Global Trust Asset Management LLC acquired a new position in shares of Emerson Electric during the 4th quarter worth about $146,000. Finally, Mountain Capital Investment Advisors Inc acquired a new position in shares of Emerson Electric during the 2nd quarter worth about $129,000. Institutional investors and hedge funds own 69.90% of the company’s stock.

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NYSE:EMR traded down $2.10 during mid-day trading on Friday, hitting $66.31. The stock had a trading volume of 4,475,551 shares, compared to its average volume of 3,318,080. Emerson Electric has a twelve month low of $56.77 and a twelve month high of $74.45. The company has a market capitalization of $43,429.25, a P/E ratio of 25.12, a price-to-earnings-growth ratio of 2.08 and a beta of 1.18. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.32.

Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.04. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.72 billion. Emerson Electric had a net margin of 10.09% and a return on equity of 20.73%. Emerson Electric’s revenue was up 18.7% on a year-over-year basis. During the same period last year, the business posted $0.49 EPS. equities analysts forecast that Emerson Electric will post 3.12 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders 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 yield of 2.93%. Emerson Electric’s dividend payout ratio (DPR) is presently 73.48%.

Several equities analysts recently issued reports on the company. Vertical Research upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research note on Tuesday, January 2nd. Goldman Sachs reiterated a “neutral” rating and issued a $66.00 price objective on shares of Emerson Electric in a research note on Friday, December 8th. Cowen reiterated a “buy” rating and issued a $72.00 price objective on shares of Emerson Electric in a research note on Wednesday, December 20th. JPMorgan Chase upgraded Emerson Electric from a “neutral” rating to an “overweight” rating in a research note on Friday, February 9th. Finally, Royal Bank of Canada upgraded Emerson Electric from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $70.38 to $80.00 in a research report on Tuesday, February 13th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $70.72.

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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.

Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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