Capital Investment Advisors LLC lifted its stake in shares of Emerson Electric Company (NYSE:EMR) by 4.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,344 shares of the industrial products company’s stock after buying an additional 204 shares during the quarter. Capital Investment Advisors LLC’s holdings in Emerson Electric were worth $259,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in 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 worth $2,615,777,000 after purchasing an additional 2,404,844 shares during the last quarter. Prudential Financial Inc. grew its position in shares of Emerson Electric by 135.9% in the 1st quarter. Prudential Financial Inc. now owns 2,963,124 shares of the industrial products company’s stock worth $177,372,000 after acquiring an additional 1,706,810 shares in the last quarter. American Century Companies Inc. grew its position in shares of Emerson Electric by 19.4% in the 1st quarter. American Century Companies Inc. now owns 4,338,862 shares of the industrial products company’s stock worth $259,724,000 after acquiring an additional 705,924 shares in the last quarter. Bank of Nova Scotia grew its position in shares of Emerson Electric by 3,745.5% in the 1st quarter. Bank of Nova Scotia now owns 561,400 shares of the industrial products company’s stock worth $33,771,000 after acquiring an additional 546,801 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in shares of Emerson Electric by 28.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 2,418,472 shares of the industrial products company’s stock worth $144,770,000 after acquiring an additional 540,927 shares in the last quarter. Institutional investors and hedge funds own 70.03% of the company’s stock.
Several research analysts have recently commented on EMR shares. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $62.00 target price (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 research report on Friday, August 11th. JMP Securities started coverage on Emerson Electric in a research report on Monday, June 19th. They issued an “outperform” rating and a $70.00 target price for the company. Morgan Stanley reiterated an “overweight” rating on shares of Emerson Electric in a research report on Tuesday, July 11th. Finally, BidaskClub lowered Emerson Electric from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. Emerson Electric currently has an average rating of “Hold” and a consensus price target of $60.52.
Shares of Emerson Electric Company (NYSE EMR) traded up 0.468% on Tuesday, reaching $63.285. The company’s stock had a trading volume of 870,971 shares. Emerson Electric Company has a 52 week low of $49.22 and a 52 week high of $64.36. The stock has a market capitalization of $40.50 billion, a price-to-earnings ratio of 28.240 and a beta of 1.18. The stock has a 50-day moving average of $59.75 and a 200 day moving average of $59.55.
Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.68 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.68. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.99 billion. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. Emerson Electric’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.68 EPS. On average, analysts expect that Emerson Electric Company will post $2.61 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 11th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $1.92 dividend on an annualized basis and a yield of 3.05%. Emerson Electric’s dividend payout ratio (DPR) is presently 85.33%.
In related news, insider Robert T. Sharp sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $58.99, for a total transaction of $117,980.00. Following the sale, the insider now directly owns 64,290 shares in the company, valued at approximately $3,792,467.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.79% of the stock is owned by corporate insiders.
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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