Systematic Financial Management LP trimmed its position in shares of Emerson Electric Company (NYSE:EMR) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,828 shares of the industrial products company’s stock after selling 1,797 shares during the period. Systematic Financial Management LP’s holdings in Emerson Electric were worth $2,009,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC bought a new position in Emerson Electric during the second quarter valued at $109,000. Intellectus Partners LLC grew its holdings in Emerson Electric by 0.3% during the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 7 shares during the period. Mountain Capital Investment Advisors Inc bought a new position in Emerson Electric during the second quarter valued at $129,000. Cerebellum GP LLC bought a new position in Emerson Electric during the fourth quarter valued at $129,000. Finally, Global Trust Asset Management LLC bought a new position in Emerson Electric during the fourth quarter valued at $146,000. 68.27% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have weighed in on the company. Barclays assumed coverage on Emerson Electric in a report on Thursday, February 15th. They set an “overweight” rating and a $80.00 price objective for the company. Royal Bank of Canada raised Emerson Electric from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $70.38 to $80.00 in a report on Tuesday, February 13th. JPMorgan Chase & Co. raised Emerson Electric from a “neutral” rating to an “overweight” rating in a report on Friday, February 9th. Zacks Investment Research raised Emerson Electric from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a report on Thursday, February 8th. Finally, Robert W. Baird increased their price objective on Emerson Electric from $70.00 to $76.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $69.67.
In related news, VP Bell Katherine Button sold 7,909 shares of Emerson Electric stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $64.78, for a total transaction of $512,345.02. Following the completion of the sale, the vice president now owns 44,628 shares of the company’s stock, valued at $2,891,001.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Edgar M. Purvis, Jr. sold 9,490 shares of Emerson Electric stock in a transaction on Friday, December 8th. The shares were sold at an average price of $65.74, for a total value of $623,872.60. Following the sale, the chief operating officer now directly owns 168,984 shares of the company’s stock, valued at approximately $11,109,008.16. The disclosure for this sale can be found here. Insiders have sold 27,017 shares of company stock valued at $1,771,129 in the last three months. 0.79% of the stock is owned by corporate insiders.
Emerson Electric Company (NYSE:EMR) opened at $72.19 on Friday. Emerson Electric Company has a twelve month low of $56.77 and a twelve month high of $74.45. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.32 and a quick ratio of 1.02. The company has a market capitalization of $45,828.96, a price-to-earnings ratio of 27.04, a PEG ratio of 2.20 and a beta of 1.19.
Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.04. The company had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.72 billion. Emerson Electric had a return on equity of 20.73% and a net margin of 10.09%. The firm’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share. research analysts anticipate that Emerson Electric Company will post 3.11 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 16th will be paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Thursday, February 15th. Emerson Electric’s dividend payout ratio is 78.23%.
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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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