Shelton Capital Management increased its stake in Emerson Electric Co. (NYSE:EMR – Free Report) by 3.5% during the second quarter, Holdings Channel reports. The firm owned 4,021 shares of the industrial products company’s stock after acquiring an additional 136 shares during the period. Shelton Capital Management’s holdings in Emerson Electric were worth $363,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of EMR. Aveo Capital Partners LLC raised its position in shares of Emerson Electric by 3.4% in the 2nd quarter. Aveo Capital Partners LLC now owns 3,295 shares of the industrial products company’s stock valued at $298,000 after buying an additional 109 shares in the last quarter. Flagship Harbor Advisors LLC boosted its holdings in shares of Emerson Electric by 1.4% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 8,247 shares of the industrial products company’s stock valued at $745,000 after purchasing an additional 111 shares in the last quarter. First National Bank & Trust Co. of Newtown raised its holdings in shares of Emerson Electric by 0.6% during the 2nd quarter. First National Bank & Trust Co. of Newtown now owns 20,160 shares of the industrial products company’s stock worth $1,822,000 after buying an additional 120 shares in the last quarter. Formidable Asset Management LLC lifted its position in shares of Emerson Electric by 1.0% during the 1st quarter. Formidable Asset Management LLC now owns 12,724 shares of the industrial products company’s stock worth $1,110,000 after buying an additional 121 shares during the last quarter. Finally, Studio Investment Management LLC grew its position in Emerson Electric by 2.3% in the fourth quarter. Studio Investment Management LLC now owns 5,363 shares of the industrial products company’s stock valued at $515,000 after acquiring an additional 121 shares during the last quarter. Institutional investors and hedge funds own 72.02% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on EMR. Argus upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research note on Monday, August 28th. KeyCorp initiated coverage on Emerson Electric in a research report on Monday, October 2nd. They issued an “overweight” rating and a $120.00 target price for the company. Royal Bank of Canada dropped their price objective on shares of Emerson Electric from $109.00 to $106.00 and set an “outperform” rating for the company in a report on Wednesday, November 8th. JPMorgan Chase & Co. raised shares of Emerson Electric from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $83.00 to $107.00 in a research note on Tuesday, August 22nd. Finally, Morgan Stanley lifted their target price on Emerson Electric from $107.00 to $116.00 and gave the stock an “overweight” rating in a report on Thursday, August 3rd. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.11.
Insider Activity at Emerson Electric
In related news, Director Arthur F. Golden purchased 3,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was acquired at an average cost of $85.64 per share, with a total value of $256,920.00. Following the transaction, the director now owns 97,504 shares of the company’s stock, valued at approximately $8,350,242.56. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Surendralal Lanca Karsanbhai acquired 10,000 shares of Emerson Electric stock in a transaction on Friday, November 17th. The stock was acquired at an average cost of $88.20 per share, with a total value of $882,000.00. Following the transaction, the chief executive officer now owns 148,542 shares of the company’s stock, valued at approximately $13,101,404.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arthur F. Golden bought 3,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were purchased at an average cost of $85.64 per share, for a total transaction of $256,920.00. Following the transaction, the director now owns 97,504 shares in the company, valued at $8,350,242.56. The disclosure for this purchase can be found here. 0.33% of the stock is owned by insiders.
Emerson Electric Stock Down 0.5 %
EMR stock opened at $88.79 on Tuesday. The stock’s 50 day simple moving average is $93.05 and its 200 day simple moving average is $90.94. The company has a market cap of $50.62 billion, a P/E ratio of 3.87, a price-to-earnings-growth ratio of 1.52 and a beta of 1.38. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.35 and a current ratio of 2.75. Emerson Electric Co. has a fifty-two week low of $76.94 and a fifty-two week high of $100.62.
Emerson Electric (NYSE:EMR – Get Free Report) last released its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.01). The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.20 billion. Emerson Electric had a net margin of 87.17% and a return on equity of 11.78%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the business posted $1.53 earnings per share. On average, research analysts expect that Emerson Electric Co. will post 5.26 earnings per share for the current fiscal year.
Emerson Electric Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be paid a $0.525 dividend. The ex-dividend date is Thursday, November 16th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.52. This represents a $2.10 annualized dividend and a dividend yield of 2.37%. Emerson Electric’s dividend payout ratio is 9.08%.
About Emerson Electric
Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.
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