Emerson Electric Co. (EMR) Shares Bought by Advisory Services Network LLC
Advisory Services Network LLC boosted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 7.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,415 shares of the company’s stock after buying an additional 435 shares during the period. Advisory Services Network LLC’s holdings in Emerson Electric were worth $335,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in the stock. Arcadia Investment Management Corp MI boosted its stake in shares of 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 during the last quarter. Americafirst Capital Management LLC purchased a new stake in shares of Emerson Electric during the second quarter valued at approximately $128,000. Integrated Investment Consultants LLC boosted its stake in shares of 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 during the last quarter. Oakworth Capital Inc. boosted its stake in shares of 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 during the last quarter. Finally, Badgley Phelps & Bell Inc. purchased a new stake in shares of Emerson Electric during the first quarter valued at approximately $205,000. 69.40% of the stock is owned by institutional investors and hedge funds.
Shares of Emerson Electric Co. (NYSE:EMR) traded down 1.29% during trading on Friday, hitting $52.70. The stock had a trading volume of 4,069,353 shares. Emerson Electric Co. has a one year low of $41.25 and a one year high of $56.82. The stock has a 50 day moving average price of $52.65 and a 200-day moving average price of $53.42. The stock has a market capitalization of $33.91 billion, a price-to-earnings ratio of 18.66 and a beta of 1.19.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.80 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by $0.04. The company earned $5.10 billion during the quarter, compared to analyst estimates of $5.34 billion. Emerson Electric had a net margin of 8.96% and a return on equity of 24.63%. On average, equities research analysts predict that Emerson Electric Co. will post $2.92 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were issued a $0.475 dividend. The ex-dividend date was Wednesday, August 10th. This represents a $1.90 annualized dividend and a yield of 3.61%. Emerson Electric’s dividend payout ratio is presently 67.38%.
Several equities research analysts recently commented on the company. Bank of America Corp. reissued a “sell” rating on shares of Emerson Electric in a research note on Wednesday, June 22nd. Barclays PLC reduced their target price on Emerson Electric from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Wednesday, August 3rd. JPMorgan Chase & Co. assumed coverage on Emerson Electric in a report on Monday, August 8th. They issued a “neutral” rating and a $47.00 target price for the company. Credit Suisse Group AG restated a “buy” rating on shares of Emerson Electric in a report on Sunday, July 10th. Finally, Zacks Investment Research lowered Emerson Electric from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $51.91.
About Emerson Electric
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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