Stone Run Capital LLC Has $5,935,000 Stake in Emerson Electric Company (NYSE:EMR)
Stone Run Capital LLC held its position in Emerson Electric Company (NYSE:EMR) during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 99,150 shares of the industrial products company’s stock at the end of the first quarter. Emerson Electric accounts for 3.6% of Stone Run Capital LLC’s investment portfolio, making the stock its 3rd largest position. Stone Run Capital LLC’s holdings in Emerson Electric were worth $5,935,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. First Command Financial Services Inc. raised its position in Emerson Electric by 18.9% in the first quarter. First Command Financial Services Inc. now owns 1,935 shares of the industrial products company’s stock valued at $116,000 after buying an additional 307 shares during the period. Central Bank & Trust Co. raised its position in Emerson Electric by 31.3% in the first quarter. Central Bank & Trust Co. now owns 2,100 shares of the industrial products company’s stock valued at $126,000 after buying an additional 500 shares during the period. Guardian Life Insurance Co. of America raised its position in Emerson Electric by 1.1% in the first quarter. Guardian Life Insurance Co. of America now owns 2,491 shares of the industrial products company’s stock valued at $149,000 after buying an additional 28 shares during the period. Milestone Group Inc. bought a new position in Emerson Electric during the first quarter valued at approximately $201,000. Finally, Wedgewood Investors Inc. PA bought a new position in Emerson Electric during the first quarter valued at approximately $204,000. 69.06% of the stock is currently owned by institutional investors and hedge funds.
Shares of Emerson Electric Company (EMR) traded down 0.90% during midday trading on Thursday, hitting $59.49. The stock had a trading volume of 292,901 shares. The firm has a market cap of $38.07 billion, a PE ratio of 26.55 and a beta of 1.20. The firm has a 50-day moving average of $59.82 and a 200 day moving average of $59.84. Emerson Electric Company has a 12-month low of $49.22 and a 12-month high of $64.36.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.68 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.68. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter last year, the company earned $0.68 EPS. The company’s quarterly revenue was up 9.9% on a year-over-year basis. On average, analysts expect that Emerson Electric Company will post $2.61 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 11th will be given a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.20%. Emerson Electric’s dividend payout ratio is currently 85.33%.
EMR has been the topic of several recent research reports. Zacks Investment Research lowered Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. BidaskClub raised Emerson Electric from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. JMP Securities initiated coverage on Emerson Electric in a research report on Monday, June 19th. They set an “outperform” rating and a $70.00 price target on the stock. Royal Bank Of Canada reissued a “sector perform” rating and set a $62.00 price target (up from $61.00) on shares of Emerson Electric in a research report on Wednesday, August 2nd. Finally, Cowen and Company reissued a “hold” rating and set a $62.00 price target on shares of Emerson Electric in a research report on Tuesday, April 25th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $58.14.
Emerson Electric Company Profile
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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