Swiss National Bank trimmed its position in shares of Emerson Electric Co. (NYSE:EMR) by 4.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,003,673 shares of the industrial products company’s stock after selling 86,400 shares during the period. Swiss National Bank owned approximately 0.33% of Emerson Electric worth $133,685,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in EMR. Glassman Wealth Services grew its position in shares of Emerson Electric by 240.7% during the 1st quarter. Glassman Wealth Services now owns 402 shares of the industrial products company’s stock valued at $28,000 after buying an additional 284 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Emerson Electric by 80.3% during the 2nd quarter. Larson Financial Group LLC now owns 440 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 196 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Emerson Electric during the 1st quarter worth approximately $34,000. Westside Investment Management Inc. acquired a new position in shares of Emerson Electric during the 2nd quarter worth approximately $34,000. Finally, Buffington Mohr McNeal acquired a new position in shares of Emerson Electric during the 1st quarter worth approximately $41,000. Institutional investors own 70.30% of the company’s stock.
In other Emerson Electric news, insider Michael H. Train sold 12,278 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $63.80, for a total value of $783,336.40. Following the transaction, the insider now owns 129,298 shares in the company, valued at approximately $8,249,212.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Bell Katherine Button sold 4,470 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $65.00, for a total transaction of $290,550.00. Following the completion of the transaction, the vice president now owns 18,040 shares in the company, valued at approximately $1,172,600. The disclosure for this sale can be found here. Insiders sold a total of 40,333 shares of company stock worth $2,583,230 in the last quarter. 0.07% of the stock is currently owned by company insiders.
EMR traded up $1.51 during trading hours on Friday, reaching $57.92. The company’s stock had a trading volume of 3,325,700 shares, compared to its average volume of 3,364,116. Emerson Electric Co. has a fifty-two week low of $55.38 and a fifty-two week high of $79.70. The stock has a market cap of $35.63 billion, a PE ratio of 17.14, a P/E/G ratio of 1.92 and a beta of 1.32. The business’s 50-day moving average is $63.90 and its 200-day moving average is $66.41. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.18 and a quick ratio of 0.85.
Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.94 EPS for the quarter, meeting analysts’ consensus estimates of $0.94. Emerson Electric had a return on equity of 24.67% and a net margin of 12.06%. The firm had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.82 billion. During the same period in the prior year, the firm posted $1.12 earnings per share. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts expect that Emerson Electric Co. will post 3.64 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th will be issued a $0.49 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.96 dividend on an annualized basis and a yield of 3.38%. Emerson Electric’s dividend payout ratio is currently 57.99%.
Several research analysts have recently weighed in on EMR shares. Argus cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday. Citigroup lowered their target price on Emerson Electric from $79.00 to $77.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Deutsche Bank lowered their target price on Emerson Electric from $74.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Zacks Investment Research cut Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 target price on the stock. in a report on Tuesday, July 23rd. Finally, Cowen restated a “buy” rating and set a $72.00 target price on shares of Emerson Electric in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $72.71.
About Emerson Electric
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
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