Nichols & Pratt Advisers LLP MA decreased its holdings in shares of Emerson Electric Company (NYSE:EMR) by 1.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 544,505 shares of the industrial products company’s stock after selling 9,748 shares during the period. Emerson Electric accounts for about 3.3% of Nichols & Pratt Advisers LLP MA’s holdings, making the stock its 9th biggest holding. Nichols & Pratt Advisers LLP MA’s holdings in Emerson Electric were worth $37,989,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Crossmark Global Holdings Inc. purchased a new position in Emerson Electric in the 3rd quarter valued at $12,652,000. APG Asset Management N.V. increased its stake in shares of Emerson Electric by 10.8% in the 3rd quarter. APG Asset Management N.V. now owns 3,921,119 shares of the industrial products company’s stock worth $246,403,000 after acquiring an additional 383,300 shares during the last quarter. Fagan Associates Inc. increased its stake in shares of Emerson Electric by 19.3% in the 2nd quarter. Fagan Associates Inc. now owns 5,975 shares of the industrial products company’s stock worth $356,000 after acquiring an additional 968 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its stake in shares of Emerson Electric by 6.6% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,075 shares of the industrial products company’s stock worth $601,000 after acquiring an additional 620 shares during the last quarter. Finally, Andra AP fonden increased its stake in shares of Emerson Electric by 5.2% in the 2nd quarter. Andra AP fonden now owns 95,300 shares of the industrial products company’s stock worth $5,682,000 after acquiring an additional 4,700 shares during the last quarter. Hedge funds and other institutional investors own 68.27% of the company’s stock.
A number of analysts have issued reports on EMR shares. Vertical Research raised Emerson Electric from a “hold” rating to a “buy” rating in a research note on Tuesday, January 2nd. Edward Jones downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Cowen raised Emerson Electric to a “buy” rating and set a $71.00 target price for the company in a research note on Monday, October 23rd. Royal Bank of Canada reaffirmed a “neutral” rating on shares of Emerson Electric in a research note on Thursday, November 9th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and issued a $66.00 target price on shares of Emerson Electric in a research note on Friday, December 8th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $69.67.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.72 billion. Emerson Electric had a return on equity of 20.73% and a net margin of 10.09%. The company’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period last year, the company earned $0.49 EPS. analysts predict that Emerson Electric Company will post 3.13 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 16th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Thursday, February 15th. Emerson Electric’s payout ratio is 78.23%.
In other Emerson Electric news, COO Edgar M. Purvis, Jr. sold 9,490 shares of Emerson Electric stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $65.74, for a total value of $623,872.60. Following the completion of the transaction, the chief operating officer now directly owns 168,984 shares of the company’s stock, valued at approximately $11,109,008.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Frank J. Dellaquila sold 2,100 shares of Emerson Electric stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total value of $136,017.00. Following the completion of the transaction, the vice president now directly owns 178,743 shares of the company’s stock, valued at $11,577,184.11. The disclosure for this sale can be found here. Insiders have sold a total of 27,017 shares of company stock valued at $1,771,129 over the last three months. Corporate insiders own 0.84% of the company’s stock.
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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