S&CO Inc. Holds Stake in Emerson Electric Company (EMR)
S&CO Inc. continued to hold its stake in shares of Emerson Electric Company (NYSE:EMR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,210 shares of the industrial products company’s stock at the close of the second quarter. S&CO Inc.’s holdings in Emerson Electric were worth $311,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in EMR. Central Bank & Trust Co. lifted its holdings in shares of 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 purchasing an additional 500 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Emerson Electric in the first quarter valued at approximately $127,000. Harbour Capital Advisors LLC bought a new position in shares of Emerson Electric in the first quarter valued at approximately $147,000. Guardian Life Insurance Co. of America lifted its holdings in shares of 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 purchasing an additional 28 shares in the last quarter. Finally, Perkins Coie Trust Co bought a new position in shares of Emerson Electric in the second quarter valued at approximately $150,000. Institutional investors and hedge funds own 70.03% of the company’s stock.
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In other Emerson Electric news, insider Robert T. Sharp sold 2,000 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $58.99, for a total transaction of $117,980.00. Following the completion of the sale, 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 is available through this link. 0.79% of the stock is currently owned by insiders.
Shares of Emerson Electric Company (NYSE:EMR) opened at 63.61 on Tuesday. Emerson Electric Company has a 52-week low of $49.22 and a 52-week high of $64.36. The firm 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 $40.71 billion, a P/E ratio of 28.38 and a beta of 1.18.
Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.68. The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.99 billion. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 EPS. On average, analysts predict that Emerson Electric Company will post $2.61 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 11th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $1.92 dividend on an annualized basis and a yield of 3.02%. Emerson Electric’s dividend payout ratio is presently 85.33%.
A number of research analysts have recently weighed in on the company. JMP Securities assumed coverage on Emerson Electric in a report on Monday, June 19th. They issued an “outperform” rating and a $70.00 target price on the stock. BidaskClub upgraded Emerson Electric from a “sell” rating to a “hold” rating in a report on Friday, June 16th. Royal Bank Of Canada restated a “sector perform” rating and issued a $62.00 target price (up previously from $61.00) on shares of Emerson Electric in a report on Wednesday, August 2nd. Stifel Nicolaus restated a “buy” rating and issued a $68.00 target price on shares of Emerson Electric in a report on Wednesday, July 19th. Finally, Morgan Stanley restated an “overweight” rating on shares of Emerson Electric in a report on Tuesday, July 11th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $60.52.
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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