TCI Wealth Advisors Inc. increased its position in Emerson Electric Company (NYSE:EMR) by 7.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,629 shares of the company’s stock after purchasing an additional 185 shares during the period. TCI Wealth Advisors Inc.’s holdings in Emerson Electric were worth $157,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of EMR. Stevens Capital Management LP acquired a new position in Emerson Electric in the first quarter worth about $23,386,000. Keystone Financial Planning Inc. grew its stake in Emerson Electric by 0.7% in the first quarter. Keystone Financial Planning Inc. now owns 90,614 shares of the company’s stock worth $5,424,000 after purchasing an additional 666 shares in the last quarter. Buckingham Asset Management LLC grew its stake in Emerson Electric by 12.9% in the first quarter. Buckingham Asset Management LLC now owns 15,837 shares of the company’s stock worth $948,000 after purchasing an additional 1,807 shares in the last quarter. Heritage Trust Co acquired a new position in Emerson Electric in the first quarter worth about $566,000. Finally, Ffcm LLC grew its stake in Emerson Electric by 7.1% in the first quarter. Ffcm LLC now owns 36,450 shares of the company’s stock worth $2,182,000 after purchasing an additional 2,412 shares in the last quarter. Institutional investors and hedge funds own 70.18% of the company’s stock.
EMR has been the subject of a number of research reports. Stifel Nicolaus restated a “buy” rating on shares of Emerson Electric in a research note on Thursday, October 12th. Wells Fargo & Company restated a “market perform” rating and issued a $65.00 target price (up from $60.00) on shares of Emerson Electric in a research note on Wednesday, November 8th. Bank of America Corporation upgraded Emerson Electric from a “neutral” rating to a “buy” rating and lifted their target price for the company from $64.44 to $79.00 in a research note on Tuesday, October 17th. Zacks Investment Research downgraded Emerson Electric from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $62.00 target price (up from $61.00) on shares of Emerson Electric in a research note on Wednesday, August 2nd. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of C$65.14.
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Shares of Emerson Electric Company (NYSE:EMR) opened at C$61.61 on Monday. The firm has a market capitalization of $39,431.61, a P/E ratio of 23.88, a PEG ratio of 2.81 and a beta of 1.24. The company has a current ratio of 1.64, a quick ratio of 1.30 and a debt-to-equity ratio of 0.43. Emerson Electric Company has a twelve month low of C$53.92 and a twelve month high of C$67.79.
Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, November 7th. The company reported C$0.83 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.83. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The firm had revenue of C$4.44 billion for the quarter, compared to analysts’ expectations of C$4.43 billion. During the same quarter in the previous year, the company earned $0.74 earnings per share. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. sell-side analysts forecast that Emerson Electric Company will post 2.9 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be issued a dividend of $0.485 per share. This is a boost from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.94 annualized dividend and a yield of 3.15%. Emerson Electric’s payout ratio is presently 81.70%.
In related news, insider Robert T. Sharp sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of C$58.99, for a total transaction of C$117,980.00. Following the sale, the insider now owns 64,290 shares of the company’s stock, valued at C$3,792,467.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.79% of the stock is owned by 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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