Emerson Electric Co. (EMR) Position Lowered by Papp L Roy & Associates
Papp L Roy & Associates cut its position in shares of Emerson Electric Co. (NYSE:EMR) by 2.7% during the second quarter, Holdings Channel reports. The fund owned 120,690 shares of the company’s stock after selling 3,401 shares during the period. Emerson Electric accounts for 1.5% of Papp L Roy & Associates’ portfolio, making the stock its 26th largest position. Papp L Roy & Associates’ holdings in Emerson Electric were worth $6,295,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of EMR. Bridges Investment Management Inc. boosted its stake in Emerson Electric by 29.4% in the first quarter. Bridges Investment Management Inc. now owns 18,537 shares of the company’s stock worth $1,027,000 after buying an additional 4,214 shares during the last quarter. Lincluden Management Ltd. boosted its stake in Emerson Electric by 11.0% in the first quarter. Lincluden Management Ltd. now owns 89,343 shares of the company’s stock worth $4,858,000 after buying an additional 8,860 shares during the last quarter. Saddle Road Partners LLC boosted its stake in Emerson Electric by 17.5% in the first quarter. Saddle Road Partners LLC now owns 88,141 shares of the company’s stock worth $4,793,000 after buying an additional 13,156 shares during the last quarter. Vicus Capital boosted its stake in Emerson Electric by 34.0% in the first quarter. Vicus Capital now owns 5,635 shares of the company’s stock worth $306,000 after buying an additional 1,430 shares during the last quarter. Finally, Douglas Lane & Associates LLC bought a new stake in Emerson Electric during the first quarter worth about $2,679,000. Institutional investors own 69.40% of the company’s stock.
Shares of Emerson Electric Co. (NYSE:EMR) traded up 0.64% during midday trading on Wednesday, hitting $53.69. The stock had a trading volume of 2,385,550 shares. Emerson Electric Co. has a one year low of $41.25 and a one year high of $56.82. The firm’s 50-day moving average is $52.72 and its 200 day moving average is $53.43. The company has a market capitalization of $34.55 billion, a PE ratio of 19.01 and a beta of 1.19.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by $0.04. Emerson Electric had a net margin of 8.96% and a return on equity of 24.63%. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.34 billion. Equities analysts expect that Emerson Electric Co. will post $2.92 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend was Wednesday, August 10th. Emerson Electric’s dividend payout ratio (DPR) is presently 67.38%.
A number of equities research analysts have issued reports on EMR shares. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Emerson Electric in a research note on Wednesday, June 22nd. Bank of America Corp. restated a “sell” rating on shares of Emerson Electric in a research note on Wednesday, June 22nd. Robert W. Baird restated a “neutral” rating and set a $58.00 price objective on shares of Emerson Electric in a research note on Monday, June 27th. Sanford C. Bernstein restated a “market perform” rating on shares of Emerson Electric in a research note on Monday, June 27th. Finally, Credit Suisse Group AG restated a “buy” rating on shares of Emerson Electric in a research note on Sunday, July 10th. Seven equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $51.91.
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.
Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR).
Receive News & Ratings for Emerson Electric Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric Co. and related companies with MarketBeat.com's FREE daily email newsletter.