Achmea Investment Management B.V. increased its position in shares of Emerson Electric Company (NYSE:EMR) by 4.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,865 shares of the industrial products company’s stock after purchasing an additional 3,385 shares during the quarter. Achmea Investment Management B.V.’s holdings in Emerson Electric were worth $4,400,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Intellectus Partners LLC increased its stake in shares of Emerson Electric by 0.3% in the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after buying an additional 7 shares during the period. Washington Trust Bank increased its position in Emerson Electric by 0.4% during the 2nd quarter. Washington Trust Bank now owns 4,040 shares of the industrial products company’s stock valued at $241,000 after purchasing an additional 16 shares during the period. RB Capital Management LLC increased its position in Emerson Electric by 0.6% during the 2nd quarter. RB Capital Management LLC now owns 4,475 shares of the industrial products company’s stock valued at $267,000 after purchasing an additional 26 shares during the period. Parallel Advisors LLC increased its position in Emerson Electric by 0.5% during the 2nd quarter. Parallel Advisors LLC now owns 4,892 shares of the industrial products company’s stock valued at $292,000 after purchasing an additional 26 shares during the period. Finally, Guardian Life Insurance Co. of America increased its position in Emerson Electric by 1.1% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,491 shares of the industrial products company’s stock valued at $149,000 after purchasing an additional 28 shares during the period. 69.00% of the stock is owned by institutional investors and hedge funds.
In other Emerson Electric news, VP Bell Katherine Button sold 7,909 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $64.78, for a total value of $512,345.02. Following the completion of the transaction, the vice president now owns 44,628 shares in the company, valued at approximately $2,891,001.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.79% of the stock is owned by company insiders.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, hitting the consensus estimate of $0.83. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.43 billion. During the same quarter last year, the firm posted $0.74 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. sell-side analysts predict that Emerson Electric Company will post 2.91 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 17th will be paid a $0.485 dividend. The ex-dividend date is Thursday, November 16th. This represents a $1.94 annualized dividend and a yield of 2.98%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. Emerson Electric’s dividend payout ratio (DPR) is currently 82.55%.
A number of equities analysts have issued reports on EMR shares. Edward Jones cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Cowen upgraded Emerson Electric to a “buy” rating and set a $71.00 price target on the stock in a report on Monday, October 23rd. Royal Bank Of Canada restated a “neutral” rating on shares of Emerson Electric in a report on Thursday, November 9th. Citigroup restated a “sell” rating and set a $61.00 price target (up from $58.00) on shares of Emerson Electric in a report on Monday, October 9th. Finally, Wells Fargo & Company reiterated a “market perform” rating and issued a $65.00 target price (up from $60.00) on shares of Emerson Electric in a report on Wednesday, November 8th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $65.14.
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Emerson Electric 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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