Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,065 shares of the industrial products company’s stock after selling 130 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Emerson Electric were worth $981,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new position in Emerson Electric in the 1st quarter valued at $31,000. Meeder Asset Management Inc. raised its holdings in Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC acquired a new position in Emerson Electric in the 3rd quarter valued at $33,000. Versant Capital Management Inc raised its holdings in Emerson Electric by 471.9% in the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 269 shares in the last quarter. Finally, Matrix Trust Co acquired a new position in Emerson Electric in the 3rd quarter valued at $44,000. 74.30% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. Robert W. Baird lifted their price objective on Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Redburn Atlantic initiated coverage on Emerson Electric in a research note on Monday, July 8th. They issued a “buy” rating and a $135.00 price target on the stock. Royal Bank of Canada decreased their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Finally, Morgan Stanley assumed coverage on Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.47.
Emerson Electric Trading Up 0.1 %
NYSE EMR opened at $109.06 on Thursday. The business’s 50-day moving average price is $106.51 and its two-hundred day moving average price is $108.90. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53. The firm has a market capitalization of $62.39 billion, a PE ratio of 5.84, a price-to-earnings-growth ratio of 1.68 and a beta of 1.30. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27.
Emerson Electric (NYSE:EMR – Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The firm had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The business’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.29 EPS. On average, analysts expect that Emerson Electric Co. will post 5.48 EPS for the current year.
Emerson Electric Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Friday, August 16th. Emerson Electric’s dividend payout ratio is 11.24%.
About Emerson Electric
Emerson Electric Co, a technology and software 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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