Taylor Hoffman Wealth Management purchased a new stake in shares of Emerson Electric Company (NYSE:EMR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,928 shares of the industrial products company’s stock, valued at approximately $692,000. Emerson Electric comprises about 1.5% of Taylor Hoffman Wealth Management’s investment portfolio, making the stock its 17th largest position.
A number of other hedge funds have also recently made changes to their positions in the stock. Tower Research Capital LLC TRC bought a new position in shares of Emerson Electric in the second quarter worth about $109,000. Intellectus Partners LLC grew its position in shares of Emerson Electric by 0.3% during the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock worth $125,000 after buying an additional 7 shares during the period. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Emerson Electric during the 2nd quarter worth approximately $129,000. Cerebellum GP LLC acquired a new stake in shares of Emerson Electric during the 4th quarter worth approximately $129,000. Finally, Global Trust Asset Management LLC acquired a new stake in shares of Emerson Electric during the 4th quarter worth approximately $146,000. 68.27% of the stock is owned by hedge funds and other institutional investors.
EMR has been the subject of several analyst reports. Vertical Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Tuesday, January 2nd. Edward Jones cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Cowen upgraded shares of Emerson Electric to a “buy” rating and set a $71.00 price target for the company in a research report on Monday, October 23rd. Royal Bank of Canada reiterated a “neutral” rating on shares of Emerson Electric in a research report on Thursday, November 9th. Finally, Goldman Sachs Group reiterated a “neutral” rating and set a $66.00 price target on shares of Emerson Electric in a research report 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 company. Emerson Electric currently has a consensus rating of “Hold” and an average price target of $69.67.
Emerson Electric Company (NYSE:EMR) opened at $72.90 on Tuesday. The stock has a market cap of $46,336.80, a P/E ratio of 29.43, a P/E/G ratio of 2.29 and a beta of 1.19. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.32. Emerson Electric Company has a 1-year low of $56.77 and a 1-year high of $74.45.
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, beating the Zacks’ consensus estimate of $0.54 by $0.04. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Emerson Electric had a net margin of 10.09% and a return on equity of 20.73%. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.49 earnings per share. equities analysts forecast that Emerson Electric Company will post 3.13 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 16th will be issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Thursday, February 15th. Emerson Electric’s dividend payout ratio is currently 78.23%.
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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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