Emerson Electric Company (EMR) Stake Increased by Benjamin F. Edwards & Company Inc.
Benjamin F. Edwards & Company Inc. grew its stake in shares of Emerson Electric Company (NYSE:EMR) by 19.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,629 shares of the industrial products company’s stock after acquiring an additional 3,454 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Emerson Electric were worth $1,359,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in EMR. Tower Research Capital LLC TRC bought a new stake in Emerson Electric during the 2nd quarter worth approximately $109,000. Intellectus Partners LLC grew its holdings in Emerson Electric by 0.3% during the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after buying an additional 7 shares in the last quarter. Mountain Capital Investment Advisors Inc purchased a new stake in Emerson Electric during the 2nd quarter valued at approximately $129,000. AT Bancorp purchased a new stake in Emerson Electric during the 2nd quarter valued at approximately $139,000. Finally, Harbour Capital Advisors LLC purchased a new stake in Emerson Electric during the 1st quarter valued at approximately $147,000. 69.00% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $75.00 price objective on shares of Emerson Electric in a report on Monday. Goldman Sachs Group reaffirmed a “neutral” rating and set a $66.00 price objective on shares of Emerson Electric in a report on Friday. Cowen reissued a “buy” rating and issued a $72.00 target price on shares of Emerson Electric in a report on Wednesday, December 6th. J P Morgan Chase & Co initiated coverage on shares of Emerson Electric in a report on Wednesday, November 29th. They issued a “neutral” rating for the company. Finally, Citigroup set a $61.00 target price on shares of Emerson Electric and gave the company a “sell” rating in a report on Tuesday, November 28th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $65.86.
Shares of Emerson Electric Company (EMR) opened at $66.55 on Monday. Emerson Electric Company has a 52-week low of $55.40 and a 52-week high of $67.79. The firm has a market capitalization of $42,713.11, a price-to-earnings ratio of 25.80, a PEG ratio of 3.13 and a beta of 1.24. 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 (NYSE:EMR) last released its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, meeting the consensus estimate of $0.83. The firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.43 billion. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 earnings per share. equities research analysts predict that Emerson Electric Company will post 2.92 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be issued a $0.485 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. This represents a $1.94 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Thursday, November 16th. Emerson Electric’s payout ratio is presently 82.55%.
In other Emerson Electric news, VP Bell Katherine Button sold 7,909 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $64.78, for a total value of $512,345.02. Following the completion of the transaction, the vice president now directly owns 44,628 shares in the company, valued at $2,891,001.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Frank J. Dellaquila sold 2,100 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total transaction of $136,017.00. Following the completion of the transaction, the vice president now owns 178,743 shares of the company’s stock, valued at $11,577,184.11. The disclosure for this sale can be found here. Insiders own 0.79% of the company’s stock.
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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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