Point View Wealth Management Inc. increased its position in Emerson Electric Company (NYSE:EMR) by 24.8% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 15,352 shares of the industrial products company’s stock after buying an additional 3,049 shares during the period. Point View Wealth Management Inc.’s holdings in Emerson Electric Company were worth $919,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Northwest Quadrant Wealth Management LLC bought a new stake in Emerson Electric Company during the fourth quarter worth about $111,000. First Command Financial Services Inc. boosted its stake in Emerson Electric Company by 18.9% in the first quarter. First Command Financial Services Inc. now owns 1,935 shares of the industrial products company’s stock worth $116,000 after buying an additional 307 shares in the last quarter. Central Bank & Trust Co. boosted its stake in Emerson Electric Company by 31.3% in the first quarter. Central Bank & Trust Co. now owns 2,100 shares of the industrial products company’s stock worth $126,000 after buying an additional 500 shares in the last quarter. RidgeWorth Capital Management LLC boosted its stake in Emerson Electric Company by 23.1% in the fourth quarter. RidgeWorth Capital Management LLC now owns 2,183 shares of the industrial products company’s stock worth $122,000 after buying an additional 410 shares in the last quarter. Finally, Ancora Advisors LLC bought a new stake in Emerson Electric Company during the fourth quarter worth about $158,000. Institutional investors own 68.93% of the company’s stock.
Emerson Electric Company (EMR) opened at 58.64 on Wednesday. The stock has a 50 day moving average of $59.25 and a 200 day moving average of $59.15. Emerson Electric Company has a 12 month low of $48.45 and a 12 month high of $64.36. The firm has a market capitalization of $37.79 billion, a PE ratio of 25.05 and a beta of 1.17.
Emerson Electric Company (NYSE:EMR) last issued its earnings results on Tuesday, May 2nd. The industrial products company reported $0.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.58. The firm had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.49 billion. Emerson Electric Company had a net margin of 8.72% and a return on equity of 23.37%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the business earned $0.57 earnings per share. On average, equities analysts predict that Emerson Electric Company will post $2.60 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Friday, May 12th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Wednesday, May 10th. Emerson Electric Company’s dividend payout ratio is currently 81.70%.
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A number of research firms have recently issued reports on EMR. Royal Bank Of Canada restated a “hold” rating and set a $62.00 target price on shares of Emerson Electric Company in a research note on Tuesday, June 6th. BidaskClub upgraded shares of Emerson Electric Company from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Cowen and Company restated a “hold” rating and set a $62.00 target price on shares of Emerson Electric Company in a research note on Tuesday, April 25th. JMP Securities began coverage on shares of Emerson Electric Company in a research note on Monday, June 19th. They set an “outperform” rating and a $70.00 target price for the company. Finally, Zacks Investment Research cut shares of Emerson Electric Company from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the stock. Emerson Electric Company currently has a consensus rating of “Hold” and a consensus target price of $56.23.
Emerson Electric Company Company 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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