Fiduciary Group LLC increased its position in Emerson Electric Co. (NYSE:EMR) by 6.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,637 shares of the industrial products company’s stock after purchasing an additional 662 shares during the quarter. Fiduciary Group LLC’s holdings in Emerson Electric were worth $507,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Fiera Capital Corp lifted its holdings in Emerson Electric by 2.5% during the fourth quarter. Fiera Capital Corp now owns 5,782 shares of the industrial products company’s stock worth $441,000 after buying an additional 141 shares during the period. Duff & Phelps Investment Management Co. lifted its holdings in shares of Emerson Electric by 2.2% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 6,890 shares of the industrial products company’s stock valued at $525,000 after purchasing an additional 150 shares during the last quarter. Schulhoff & Co. Inc. lifted its holdings in shares of Emerson Electric by 0.5% during the 4th quarter. Schulhoff & Co. Inc. now owns 28,490 shares of the industrial products company’s stock valued at $2,172,000 after purchasing an additional 153 shares during the last quarter. Lcnb Corp lifted its holdings in shares of Emerson Electric by 2.5% during the 4th quarter. Lcnb Corp now owns 6,468 shares of the industrial products company’s stock valued at $493,000 after purchasing an additional 158 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Emerson Electric by 3.2% during the 4th quarter. Cetera Investment Advisers now owns 5,246 shares of the industrial products company’s stock valued at $402,000 after purchasing an additional 161 shares during the last quarter. 73.32% of the stock is currently owned by institutional investors.
Shares of NYSE:EMR traded down $0.38 during trading on Friday, reaching $55.87. 4,231,732 shares of the company’s stock traded hands, compared to its average volume of 3,819,407. Emerson Electric Co. has a fifty-two week low of $37.75 and a fifty-two week high of $78.38. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.52. The firm has a market cap of $33.61 billion, a PE ratio of 15.96, a P/E/G ratio of 2.93 and a beta of 1.51. The company has a 50-day simple moving average of $52.57 and a 200-day simple moving average of $65.49.
Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, April 21st. The industrial products company reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.12. Emerson Electric had a return on equity of 26.66% and a net margin of 12.04%. The firm had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same period last year, the firm earned $0.84 EPS. The company’s quarterly revenue was up 9.8% on a year-over-year basis. On average, equities research analysts forecast that Emerson Electric Co. will post 3.05 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Thursday, May 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 54.20%.
In other news, Director Arthur F. Golden acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were bought at an average cost of $51.47 per share, for a total transaction of $257,350.00. Following the acquisition, the director now owns 81,898 shares in the company, valued at approximately $4,215,290.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.50% of the company’s stock.
EMR has been the subject of several analyst reports. Vertical Research lowered Emerson Electric from a “buy” rating to a “hold” rating and set a $49.00 price objective for the company. in a report on Monday, March 23rd. Bank of America raised their target price on Emerson Electric from $87.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Deutsche Bank reduced their target price on Emerson Electric from $93.00 to $59.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. Cowen restated a “hold” rating and issued a $63.00 target price on shares of Emerson Electric in a research note on Wednesday, April 29th. Finally, UBS Group raised their target price on Emerson Electric from $47.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $64.13.
Emerson Electric Company Profile
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
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