Signaturefd LLC Raises Stake in Emerson Electric Company (NYSE:EMR)
Signaturefd LLC boosted its position in Emerson Electric Company (NYSE:EMR) by 6.1% during the first quarter, Holdings Channel reports. The institutional investor owned 7,887 shares of the industrial products company’s stock after buying an additional 451 shares during the period. Signaturefd LLC’s holdings in Emerson Electric were worth $472,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Emerson Electric by 5.8% in the first quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock worth $2,615,777,000 after buying an additional 2,404,844 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Emerson Electric by 2.3% in the first quarter. Bank of New York Mellon Corp now owns 14,552,526 shares of the industrial products company’s stock worth $871,114,000 after buying an additional 332,238 shares in the last quarter. American International Group Inc. increased its stake in Emerson Electric by 0.6% in the first quarter. American International Group Inc. now owns 9,041,764 shares of the industrial products company’s stock worth $541,240,000 after buying an additional 53,444 shares in the last quarter. American Century Companies Inc. increased its stake in Emerson Electric by 19.4% in the first quarter. American Century Companies Inc. now owns 4,338,862 shares of the industrial products company’s stock worth $259,724,000 after buying an additional 705,924 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in Emerson Electric by 5.5% in the first quarter. Legal & General Group Plc now owns 3,358,845 shares of the industrial products company’s stock worth $201,055,000 after buying an additional 174,816 shares in the last quarter. 69.06% of the stock is owned by institutional investors.
Emerson Electric Company (NYSE:EMR) traded down 0.44% on Friday, reaching $58.88. The company’s stock had a trading volume of 736,224 shares. Emerson Electric Company has a 52-week low of $49.22 and a 52-week high of $64.36. The stock’s 50 day moving average price is $59.83 and its 200 day moving average price is $59.83. The firm has a market cap of $37.68 billion, a PE ratio of 26.27 and a beta of 1.20.
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. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.99 billion. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 EPS. Equities research analysts expect that Emerson Electric Company will post $2.61 earnings per share for the current fiscal year.
The business 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 dividend of $0.48 per share. The ex-dividend date is Wednesday, August 9th. This represents a $1.92 dividend on an annualized basis and a yield of 3.25%. Emerson Electric’s dividend payout ratio (DPR) is 85.33%.
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A number of equities research analysts have recently weighed in on EMR shares. TheStreet raised Emerson Electric from a “c+” rating to a “b” rating in a report on Thursday, May 4th. Royal Bank Of Canada reissued a “sector perform” rating and set a $62.00 target price (up previously from $61.00) on shares of Emerson Electric in a report on Wednesday, August 2nd. Zacks Investment Research downgraded Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, May 5th. Cowen and Company reissued a “hold” rating and set a $62.00 target price on shares of Emerson Electric in a report on Tuesday, April 25th. Finally, JMP Securities started coverage on Emerson Electric in a report on Monday, June 19th. They set an “outperform” rating and a $70.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company’s stock. Emerson Electric has an average rating of “Hold” and an average price target of $58.14.
About Emerson Electric
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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