Bradley Foster & Sargent Inc. CT Cuts Position in Emerson Electric Co. (EMR)
Bradley Foster & Sargent Inc. CT cut its stake in Emerson Electric Co. (NYSE:EMR) by 4.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,215 shares of the company’s stock after selling 3,165 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Emerson Electric were worth $3,297,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI increased its position in Emerson Electric by 11.4% in the second quarter. Arcadia Investment Management Corp MI now owns 2,281 shares of the company’s stock valued at $119,000 after buying an additional 234 shares in the last quarter. Americafirst Capital Management LLC bought a new position in Emerson Electric during the second quarter valued at approximately $128,000. Integrated Investment Consultants LLC increased its position in Emerson Electric by 99.5% in the second quarter. Integrated Investment Consultants LLC now owns 2,530 shares of the company’s stock valued at $132,000 after buying an additional 1,262 shares in the last quarter. TCI Wealth Advisors Inc. increased its position in Emerson Electric by 90.6% in the second quarter. TCI Wealth Advisors Inc. now owns 2,524 shares of the company’s stock valued at $132,000 after buying an additional 1,200 shares in the last quarter. Finally, Oakworth Capital Inc. increased its position in Emerson Electric by 405.6% in the second quarter. Oakworth Capital Inc. now owns 2,705 shares of the company’s stock valued at $141,000 after buying an additional 2,170 shares in the last quarter. Hedge funds and other institutional investors own 69.40% of the company’s stock.
Emerson Electric Co. (NYSE:EMR) traded up 1.70% during trading on Thursday, reaching $52.65. The company had a trading volume of 1,143,442 shares. The stock has a market capitalization of $33.88 billion, a P/E ratio of 18.64 and a beta of 1.23. Emerson Electric Co. has a 12-month low of $41.25 and a 12-month high of $56.82. The stock has a 50 day moving average of $53.03 and a 200-day moving average of $53.35.
Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, August 2nd. The company reported $0.80 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by $0.04. The company had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.34 billion. Emerson Electric had a return on equity of 24.63% and a net margin of 8.96%. On average, analysts forecast that Emerson Electric Co. will post $2.93 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend was Wednesday, August 10th. Emerson Electric’s dividend payout ratio (DPR) is presently 67.38%.
EMR has been the topic of several analyst reports. Credit Suisse Group AG reiterated a “buy” rating on shares of Emerson Electric in a report on Sunday, July 10th. Stifel Nicolaus decreased their price objective on Emerson Electric from $60.00 to $58.00 and set a “buy” rating on the stock in a report on Wednesday, August 3rd. Barclays PLC reiterated an “equal weight” rating and issued a $55.00 price objective (down previously from $56.00) on shares of Emerson Electric in a report on Monday, July 18th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Emerson Electric in a report on Wednesday, June 22nd. Finally, Deutsche Bank AG decreased their price objective on Emerson Electric from $55.00 to $50.00 and set a “hold” rating on the stock in a report on Monday, August 8th. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the stock. Emerson Electric has an average rating of “Hold” and an average target price of $52.82.
Emerson Electric Company Profile
Emerson Electric Co is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.
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