Aviva PLC lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 215,731 shares of the industrial products company’s stock after acquiring an additional 422 shares during the period. Aviva PLC’s holdings in Emerson Electric were worth $10,280,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC lifted its stake in Emerson Electric by 8.9% during the fourth quarter. Park Avenue Securities LLC now owns 4,613 shares of the industrial products company’s stock worth $352,000 after purchasing an additional 378 shares during the period. Victory Capital Management Inc. raised its stake in Emerson Electric by 3.0% during the fourth quarter. Victory Capital Management Inc. now owns 579,864 shares of the industrial products company’s stock worth $41,536,000 after acquiring an additional 17,103 shares in the last quarter. Corient Capital Partners LLC lifted its holdings in shares of Emerson Electric by 10.0% during the fourth quarter. Corient Capital Partners LLC now owns 6,011 shares of the industrial products company’s stock valued at $459,000 after acquiring an additional 548 shares during the period. Grimes & Company Inc. boosted its stake in shares of Emerson Electric by 18.1% in the 4th quarter. Grimes & Company Inc. now owns 3,582 shares of the industrial products company’s stock valued at $273,000 after purchasing an additional 550 shares in the last quarter. Finally, Beese Fulmer Investment Management Inc. boosted its stake in shares of Emerson Electric by 1.9% in the 4th quarter. Beese Fulmer Investment Management Inc. now owns 114,767 shares of the industrial products company’s stock valued at $8,752,000 after purchasing an additional 2,188 shares in the last quarter. 71.57% of the stock is currently owned by institutional investors.
A number of equities analysts have commented on EMR shares. Zacks Investment Research upgraded shares of Emerson Electric from a “sell” rating to a “hold” rating and set a $60.00 price target on the stock in a research report on Tuesday, May 19th. Argus upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Wednesday, April 22nd. Morgan Stanley increased their price target on Emerson Electric from $50.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Royal Bank of Canada decreased their price target on shares of Emerson Electric from $51.00 to $50.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 22nd. Finally, Citigroup reduced their target price on shares of Emerson Electric from $77.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $64.13.
Shares of Emerson Electric stock traded down $4.09 during trading on Thursday, reaching $61.79. The company’s stock had a trading volume of 2,170,057 shares, compared to its average volume of 4,437,609. 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 business’s 50-day moving average price is $57.30 and its 200-day moving average price is $64.42. Emerson Electric Co. has a 52 week low of $37.75 and a 52 week high of $78.38. The firm has a market cap of $37.51 billion, a PE ratio of 17.94, a P/E/G ratio of 3.50 and a beta of 1.51.
Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.12. The business had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.29 billion. Emerson Electric had a net margin of 12.04% and a return on equity of 26.66%. Emerson Electric’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the firm earned $0.84 earnings per share. Equities analysts predict that Emerson Electric Co. will post 3.05 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.24%. Emerson Electric’s payout ratio is 54.20%.
In other Emerson Electric news, COO Steven J. Pelch sold 5,061 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $67.51, for a total transaction of $341,668.11. Insiders own 0.50% of the company’s stock.
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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