Emerson Electric Company (EMR) Stake Lessened by EagleClaw Capital Managment LLC
EagleClaw Capital Managment LLC cut its holdings in shares of Emerson Electric Company (NYSE:EMR) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,563 shares of the industrial products company’s stock after selling 600 shares during the period. EagleClaw Capital Managment LLC’s holdings in Emerson Electric were worth $1,530,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of EMR. Folger Nolan Fleming Douglas Capital Management Inc. increased its position in shares of Emerson Electric by 0.8% during the first quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 16,079 shares of the industrial products company’s stock worth $962,000 after purchasing an additional 125 shares in the last quarter. USS Investment Management Ltd acquired a new position in shares of Emerson Electric during the first quarter worth $27,533,000. Bank of The Ozarks increased its position in shares of Emerson Electric by 8.4% during the first quarter. Bank of The Ozarks now owns 5,180 shares of the industrial products company’s stock worth $310,000 after purchasing an additional 400 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Emerson Electric by 135.9% during the first quarter. Prudential Financial Inc. now owns 2,963,124 shares of the industrial products company’s stock worth $177,372,000 after purchasing an additional 1,706,810 shares in the last quarter. Finally, Stifel Financial Corp increased its position in shares of Emerson Electric by 8.6% during the first quarter. Stifel Financial Corp now owns 1,480,347 shares of the industrial products company’s stock worth $88,562,000 after purchasing an additional 117,593 shares in the last quarter. 69.19% of the stock is currently owned by institutional investors and hedge funds.
Emerson Electric Company (NYSE EMR) traded up $0.95 during midday trading on Friday, hitting $64.82. The company had a trading volume of 5,307,000 shares, compared to its average volume of 3,432,591. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.30 and a current ratio of 1.64. Emerson Electric Company has a 52-week low of $53.92 and a 52-week high of $67.79. The firm has a market cap of $41,520.00, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 3.02 and a beta of 1.24.
Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.83. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The firm had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.43 billion. During the same period in the prior year, the firm earned $0.74 EPS. The firm’s revenue was up 12.8% on a year-over-year basis. sell-side analysts predict that Emerson Electric Company will post 2.91 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 17th will be issued a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 2.99%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Thursday, November 16th. Emerson Electric’s dividend payout ratio is presently 75.78%.
A number of equities analysts have recently issued reports on the company. Stifel Nicolaus reaffirmed a “buy” rating on shares of Emerson Electric in a research report on Thursday, October 12th. Edward Jones downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Cowen raised Emerson Electric to a “buy” rating and set a $71.00 price target on the stock in a research report on Monday, October 23rd. Zacks Investment Research raised Emerson Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, Citigroup set a $61.00 target price on Emerson Electric and gave the company a “sell” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $65.14.
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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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