Emerson Electric Company (EMR) Holdings Held by Burke & Herbert Bank & Trust Co.
Burke & Herbert Bank & Trust Co. continued to hold its position in shares of Emerson Electric Company (NYSE:EMR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,059 shares of the industrial products company’s stock at the close of the 2nd quarter. Burke & Herbert Bank & Trust Co.’s holdings in Emerson Electric were worth $362,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Central Bank & Trust Co. boosted 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 buying an additional 500 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Emerson Electric in the 1st quarter worth about $127,000. Harbour Capital Advisors LLC acquired a new stake in Emerson Electric in the 1st quarter worth about $147,000. Guardian Life Insurance Co. of America boosted 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 buying an additional 28 shares during the last quarter. Finally, Perkins Coie Trust Co acquired a new stake in Emerson Electric in the 2nd quarter worth about $150,000. Institutional investors own 70.03% of the company’s stock.
EMR has been the topic of several recent research reports. BidaskClub upgraded Emerson Electric from a “sell” rating to a “hold” rating in a report on Friday, June 16th. JMP Securities initiated coverage on Emerson Electric in a report on Monday, June 19th. They set an “outperform” rating and a $70.00 target price on the stock. Royal Bank Of Canada restated a “sector perform” rating and set a $62.00 target price (up from $61.00) on shares of Emerson Electric in a report on Wednesday, August 2nd. Berenberg Bank restated a “sell” rating and set a $53.00 target price on shares of Emerson Electric in a report on Friday, August 11th. Finally, Morgan Stanley restated an “overweight” rating on shares of Emerson Electric in a report on Tuesday, July 11th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $60.52.
Emerson Electric Company (EMR) traded down 0.071% during trading on Friday, reaching $63.395. 1,303,694 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $59.86 and a 200 day moving average price of $59.57. The stock has a market capitalization of $40.57 billion, a P/E ratio of 28.289 and a beta of 1.18. Emerson Electric Company has a 1-year low of $49.22 and a 1-year high of $64.36.
Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.68. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.99 billion. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. The company’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 EPS. Equities research analysts expect that Emerson Electric Company will post $2.61 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 11th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Wednesday, August 9th. Emerson Electric’s payout ratio is currently 85.33%.
In other news, insider Robert T. Sharp sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $58.99, for a total value of $117,980.00. Following the completion of the sale, the insider now owns 64,290 shares of the company’s stock, valued at approximately $3,792,467.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.79% of the stock is currently owned by insiders.
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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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