Sii Investments Inc. WI decreased its stake in shares of Emerson Electric Company (NYSE:EMR) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,747 shares of the industrial products company’s stock after selling 236 shares during the period. Sii Investments Inc. WI’s holdings in Emerson Electric were worth $639,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Fagan Associates Inc. boosted its position in shares of Emerson Electric by 19.3% during the 2nd quarter. Fagan Associates Inc. now owns 5,975 shares of the industrial products company’s stock valued at $356,000 after purchasing an additional 968 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of Emerson Electric by 6.6% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,075 shares of the industrial products company’s stock valued at $601,000 after purchasing an additional 620 shares in the last quarter. Andra AP fonden boosted its position in shares of Emerson Electric by 5.2% during the 2nd quarter. Andra AP fonden now owns 95,300 shares of the industrial products company’s stock valued at $5,682,000 after purchasing an additional 4,700 shares in the last quarter. Lipe & Dalton boosted its position in shares of Emerson Electric by 1.3% during the 2nd quarter. Lipe & Dalton now owns 42,125 shares of the industrial products company’s stock valued at $2,511,000 after purchasing an additional 560 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Emerson Electric by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock valued at $2,615,777,000 after purchasing an additional 2,404,844 shares in the last quarter. 69.35% of the stock is currently owned by hedge funds and other institutional investors.
EMR has been the subject of several research reports. Royal Bank Of Canada restated a “sector perform” rating and set a $62.00 price objective (up previously from $61.00) on shares of Emerson Electric in a research report on Wednesday, August 2nd. Berenberg Bank reiterated a “sell” rating and issued a $53.00 target price on shares of Emerson Electric in a report on Friday, August 11th. BidaskClub cut shares of Emerson Electric from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Morgan Stanley reiterated an “equal weight” rating and issued a $67.00 target price (up from $64.00) on shares of Emerson Electric in a report on Monday, October 2nd. Finally, Citigroup Inc. reiterated a “sell” rating and issued a $61.00 target price (up from $58.00) on shares of Emerson Electric in a report on Monday, October 9th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $65.14.
Shares of Emerson Electric Company (NYSE EMR) opened at $61.63 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.30 and a debt-to-equity ratio of 0.43. The company has a market cap of $39,555.37, a P/E ratio of 23.89, a P/E/G ratio of 2.90 and a beta of 1.24. Emerson Electric Company has a fifty-two week low of $53.92 and a fifty-two week high of $67.79.
Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. The business had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.43 billion. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period last year, the company posted $0.74 earnings per share. analysts anticipate that Emerson Electric Company will post 2.91 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be given a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Thursday, November 16th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.48. Emerson Electric’s dividend payout ratio (DPR) is presently 82.55%.
In related news, insider Robert T. Sharp sold 2,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 64,290 shares of the company’s stock, valued at $3,792,467.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.79% of the stock is currently owned by company insiders.
Emerson Electric 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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