Wagner Bowman Management Corp reduced its position in Emerson Electric Co. (NYSE:EMR) by 1.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 8,184 shares of the industrial products company’s stock after selling 150 shares during the period. Wagner Bowman Management Corp’s holdings in Emerson Electric were worth $489,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in EMR. Financial Architects Inc raised its stake in Emerson Electric by 15.9% in the third quarter. Financial Architects Inc now owns 1,964 shares of the industrial products company’s stock valued at $108,000 after buying an additional 270 shares during the last quarter. Northwest Quadrant Wealth Management LLC purchased a new stake in Emerson Electric during the fourth quarter valued at about $111,000. Elgethun Capital Management purchased a new stake in Emerson Electric during the fourth quarter valued at about $114,000. First Command Financial Services Inc. raised its stake in Emerson Electric by 18.9% in the first quarter. First Command Financial Services Inc. now owns 1,935 shares of the industrial products company’s stock valued at $116,000 after buying an additional 307 shares in the last quarter. Finally, RidgeWorth Capital Management LLC raised its stake in Emerson Electric by 23.1% in the fourth quarter. RidgeWorth Capital Management LLC now owns 2,183 shares of the industrial products company’s stock valued at $122,000 after buying an additional 410 shares in the last quarter. Institutional investors own 71.04% of the company’s stock.
Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, May 2nd. The industrial products company reported $0.58 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.58. The company had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.49 billion. Emerson Electric had a return on equity of 24.26% and a net margin of 8.50%. The business’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.57 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Friday, May 12th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Wednesday, May 10th. Emerson Electric’s dividend payout ratio (DPR) is 77.73%.
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A number of brokerages have issued reports on EMR. Stifel Nicolaus reaffirmed a “buy” rating and set a $67.00 price objective (up from $65.00) on shares of Emerson Electric in a report on Monday, May 15th. Cowen and Company reiterated a “hold” rating and set a $62.00 target price on shares of Emerson Electric in a research report on Tuesday, May 2nd. TheStreet upgraded Emerson Electric from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. Royal Bank of Canada reiterated a “hold” rating and set a $58.00 target price on shares of Emerson Electric in a research report on Tuesday, April 11th. Finally, Barclays PLC increased their target price on Emerson Electric from $56.00 to $63.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 8th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has given a buy rating to the stock. Emerson Electric presently has a consensus rating of “Hold” and a consensus target price of $55.34.
Emerson Electric Company 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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