American Research & Management Co. Has $104,000 Stake in Emerson Electric Company (EMR)
American Research & Management Co. continued to hold its stake in Emerson Electric Company (NYSE:EMR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,745 shares of the industrial products company’s stock at the end of the 2nd quarter. American Research & Management Co.’s holdings in Emerson Electric were worth $104,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Central Bank & Trust Co. grew its holdings in Emerson Electric by 31.3% in the 1st quarter. Central Bank & Trust Co. now owns 2,100 shares of the industrial products company’s stock worth $126,000 after acquiring an additional 500 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Emerson Electric in the 1st quarter worth $127,000. Harbour Capital Advisors LLC bought a new stake in Emerson Electric in the 1st quarter worth $147,000. Guardian Life Insurance Co. of America grew its holdings in Emerson Electric by 1.1% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,491 shares of the industrial products company’s stock worth $149,000 after acquiring an additional 28 shares during the last quarter. Finally, Perkins Coie Trust Co bought a new stake in Emerson Electric in the 2nd quarter worth $150,000. 70.19% of the stock is currently owned by institutional investors and hedge funds.
In other Emerson Electric news, insider Robert T. Sharp sold 2,000 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $58.99, for a total transaction of $117,980.00. Following the transaction, the insider now directly owns 64,290 shares in the company, valued at approximately $3,792,467.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.79% of the stock is owned by corporate insiders.
Several research firms have recently commented on EMR. JMP Securities began coverage on shares of Emerson Electric in a research report on Monday, June 19th. They issued an “outperform” rating and a $70.00 target price for the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $68.00 target price on shares of Emerson Electric in a research report on Wednesday, July 19th. Morgan Stanley reaffirmed an “overweight” rating on shares of Emerson Electric in a research report on Tuesday, July 11th. BidaskClub raised shares of Emerson Electric from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Finally, Berenberg Bank reaffirmed a “sell” rating and issued a $53.00 target price on shares of Emerson Electric in a research report on Friday, August 11th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $60.52.
Emerson Electric Company (NYSE:EMR) opened at 61.90 on Friday. The stock has a market capitalization of $39.62 billion, a PE ratio of 27.62 and a beta of 1.18. The company’s 50-day moving average is $59.59 and its 200-day moving average is $59.53. 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 earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.68. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. The company had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the prior year, the business earned $0.68 EPS. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. Equities research analysts forecast that Emerson Electric Company will post $2.61 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 11th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Wednesday, August 9th. Emerson Electric’s payout ratio is 85.33%.
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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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