Courier Capital LLC raised its position in shares of Emerson Electric Company (NYSE:EMR) by 0.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,596 shares of the company’s stock after acquiring an additional 1 shares during the period. Courier Capital LLC’s holdings in Emerson Electric were worth $1,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of EMR. Stevens Capital Management LP purchased a new stake in shares of Emerson Electric during the 1st quarter worth approximately $23,386,000. Keystone Financial Planning Inc. raised its holdings in shares of Emerson Electric by 0.7% during the 1st quarter. Keystone Financial Planning Inc. now owns 90,614 shares of the company’s stock worth $5,424,000 after acquiring an additional 666 shares in the last quarter. Buckingham Asset Management LLC raised its holdings in shares of Emerson Electric by 12.9% during the 1st quarter. Buckingham Asset Management LLC now owns 15,837 shares of the company’s stock worth $948,000 after acquiring an additional 1,807 shares in the last quarter. Heritage Trust Co purchased a new stake in shares of Emerson Electric during the 1st quarter worth approximately $566,000. Finally, Ffcm LLC raised its holdings in shares of Emerson Electric by 7.1% during the 1st quarter. Ffcm LLC now owns 36,450 shares of the company’s stock worth $2,182,000 after acquiring an additional 2,412 shares in the last quarter. 70.18% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently issued reports on EMR shares. Cowen and Company raised Emerson Electric to a “buy” rating and set a $71.00 price objective on the stock in a report on Monday, October 23rd. Stifel Nicolaus restated a “buy” rating and set a $68.00 price target on shares of Emerson Electric in a report on Wednesday, July 19th. Bank of America Corporation upgraded Emerson Electric from a “neutral” rating to a “buy” rating and increased their price target for the company from $64.44 to $79.00 in a report on Tuesday, October 17th. Morgan Stanley restated an “equal weight” rating and set a $67.00 price target (up previously from $64.00) on shares of Emerson Electric in a report on Monday, October 2nd. Finally, Zacks Investment Research upgraded Emerson Electric from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of C$65.14.
In other news, insider Robert T. Sharp sold 2,000 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of C$58.99, for a total transaction of C$117,980.00. Following the transaction, the insider now owns 64,290 shares of the company’s stock, valued at approximately C$3,792,467.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.79% of the stock is currently owned by corporate insiders.
Emerson Electric Company (NYSE EMR) opened at C$61.61 on Monday. The company has a market capitalization of $39,431.61, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 2.81 and a beta of 1.24. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 1.30. Emerson Electric Company has a 12-month low of C$53.92 and a 12-month high of C$67.79.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, November 7th. The company reported C$0.83 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.83. The company had revenue of C$4.44 billion for the quarter, compared to the consensus estimate of C$4.43 billion. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. Emerson Electric’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.74 EPS. equities research analysts expect that Emerson Electric Company will post 2.9 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be given a dividend of $0.485 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.15%. Emerson Electric’s dividend payout ratio is presently 81.70%.
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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