Epoch Investment Partners Inc. cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,833,263 shares of the industrial products company’s stock after selling 110,743 shares during the period. Epoch Investment Partners Inc. owned approximately 0.29% of Emerson Electric worth $140,391,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Tradewinds Capital Management LLC grew its stake in shares of Emerson Electric by 584.1% during the third quarter. Tradewinds Capital Management LLC now owns 1,416 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 1,209 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Emerson Electric during the second quarter worth $102,000. Sun Life Financial INC grew its stake in shares of Emerson Electric by 761.6% during the second quarter. Sun Life Financial INC now owns 1,706 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 1,508 shares during the period. Fort L.P. acquired a new stake in shares of Emerson Electric during the second quarter worth $118,000. Finally, Vigilant Capital Management LLC grew its stake in shares of Emerson Electric by 148.8% during the third quarter. Vigilant Capital Management LLC now owns 1,799 shares of the industrial products company’s stock worth $138,000 after purchasing an additional 1,076 shares during the period. 70.55% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently commented on EMR. Bank of America lifted their price objective on Emerson Electric from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, October 4th. Cowen reaffirmed a “buy” rating and set a $81.00 price objective on shares of Emerson Electric in a research note on Wednesday, September 19th. Zacks Investment Research raised Emerson Electric from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research note on Thursday, October 4th. Barclays lifted their price objective on Emerson Electric from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, September 24th. Finally, UBS Group lifted their price objective on Emerson Electric from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, August 30th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $78.39.
In other news, President Edward L. Monser sold 30,000 shares of the business’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $75.84, for a total value of $2,275,200.00. Following the sale, the president now directly owns 176,477 shares in the company, valued at $13,384,015.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Surendralal Lanca Karsanbhai sold 9,070 shares of the business’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $68.00, for a total value of $616,760.00. Following the completion of the sale, the insider now owns 20,000 shares in the company, valued at $1,360,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 99,070 shares of company stock worth $7,457,960. Corporate insiders own 0.79% of the company’s stock.
NYSE:EMR opened at $65.65 on Thursday. Emerson Electric Co. has a 1 year low of $64.55 and a 1 year high of $79.70. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $41.11 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 2.01 and a beta of 1.21.
Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). Emerson Electric had a net margin of 12.65% and a return on equity of 23.06%. The business had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.91 billion. During the same period in the previous year, the firm posted $0.83 earnings per share. The firm’s revenue was up 10.2% on a year-over-year basis. As a group, equities research analysts anticipate that Emerson Electric Co. will post 3.68 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 16th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 2.99%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, November 15th. Emerson Electric’s payout ratio is presently 57.99%.
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Emerson Electric Company Profile
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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