NewSquare Capital LLC reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 97.8% during the first quarter, Holdings Channel reports. The institutional investor owned 554 shares of the industrial products company’s stock after selling 24,093 shares during the quarter. NewSquare Capital LLC’s holdings in Emerson Electric were worth $26,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. AGF Investments Inc. purchased a new stake in Emerson Electric in the first quarter worth about $650,000. United Asset Strategies Inc. lifted its holdings in Emerson Electric by 0.7% in the first quarter. United Asset Strategies Inc. now owns 40,561 shares of the industrial products company’s stock worth $1,933,000 after buying an additional 272 shares during the period. Trexquant Investment LP lifted its holdings in Emerson Electric by 132.7% in the first quarter. Trexquant Investment LP now owns 58,335 shares of the industrial products company’s stock worth $2,780,000 after buying an additional 33,268 shares during the period. Clear Harbor Asset Management LLC lifted its holdings in Emerson Electric by 5.8% in the first quarter. Clear Harbor Asset Management LLC now owns 5,884 shares of the industrial products company’s stock worth $280,000 after buying an additional 322 shares during the period. Finally, Ariose Capital Management Ltd purchased a new stake in Emerson Electric in the first quarter worth about $2,006,000. Institutional investors own 73.32% of the company’s stock.
Shares of EMR opened at $55.87 on Friday. The company has a market capitalization of $33.61 billion, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 2.93 and a beta of 1.51. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.52. The firm has a 50 day moving average of $52.57 and a 200 day moving average of $65.49. Emerson Electric Co. has a twelve month low of $37.75 and a twelve month high of $78.38.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.12. The company had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.29 billion. Emerson Electric had a net margin of 12.04% and a return on equity of 26.66%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 earnings per share. On average, sell-side analysts expect that Emerson Electric Co. will post 3.05 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Thursday, May 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 54.20%.
In related news, Director Arthur F. Golden bought 5,000 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was acquired at an average price of $51.47 per share, with a total value of $257,350.00. Following the transaction, the director now owns 81,898 shares in the company, valued at approximately $4,215,290.06. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.50% of the company’s stock.
Several equities analysts have recently issued reports on EMR shares. Wolfe Research lowered shares of Emerson Electric from an “outperform” rating to a “market perform” rating and set a $71.00 target price for the company. in a report on Thursday, March 12th. Citigroup lowered their target price on shares of Emerson Electric from $77.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Vertical Research lowered shares of Emerson Electric from a “buy” rating to a “hold” rating and set a $49.00 target price for the company. in a report on Monday, March 23rd. Argus upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Wednesday, April 22nd. Finally, Bank of America lifted their target price on shares of Emerson Electric from $87.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $64.13.
About Emerson Electric
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
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