Two Sigma Securities LLC Purchases Shares of 10,983 Emerson Electric Company (EMR)
Two Sigma Securities LLC purchased a new position in Emerson Electric Company (NYSE:EMR) during the first quarter, according to its most recent disclosure with the SEC. The fund purchased 10,983 shares of the industrial products company’s stock, valued at approximately $657,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Command Financial Services Inc. increased 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 worth $116,000 after buying an additional 307 shares in the last quarter. Central Bank & Trust Co. increased 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 worth $126,000 after buying an additional 500 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Emerson Electric during the first quarter worth about $127,000. Guardian Life Insurance Co. of America increased 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 worth $149,000 after buying an additional 28 shares in the last quarter. Finally, Milestone Group Inc. purchased a new position in Emerson Electric during the first quarter worth about $201,000. Hedge funds and other institutional investors own 69.06% of the company’s stock.
Emerson Electric Company (EMR) traded down 0.70% during mid-day trading on Thursday, hitting $59.61. The stock had a trading volume of 425,653 shares. The stock has a market cap of $38.15 billion, a price-to-earnings ratio of 26.60 and a beta of 1.20. The company 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 issued its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.68. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same period in the prior year, the company posted $0.68 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, analysts anticipate that Emerson Electric Company will post $2.61 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 11th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Wednesday, August 9th. Emerson Electric’s dividend payout ratio (DPR) is 85.33%.
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A number of research firms recently issued reports on EMR. Royal Bank Of Canada restated a “sector perform” rating and set a $62.00 price target (up previously from $61.00) on shares of Emerson Electric in a research note on Wednesday, August 2nd. Cowen and Company restated a “hold” rating and set a $62.00 price target on shares of Emerson Electric in a research note on Tuesday, April 25th. BidaskClub downgraded Emerson Electric from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Stifel Nicolaus restated a “buy” rating and set a $68.00 price target on shares of Emerson Electric in a research note on Wednesday, July 19th. Finally, Morgan Stanley restated an “overweight” rating on shares of Emerson Electric in a research note on Tuesday, July 11th. Three equities 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 stock. The stock presently has a consensus rating of “Hold” and a consensus price target 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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