Regentatlantic Capital LLC reduced its position in shares of Emerson Electric Company (NYSE:EMR) by 20.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,473 shares of the industrial products company’s stock after selling 2,363 shares during the period. Regentatlantic Capital LLC’s holdings in Emerson Electric were worth $565,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. First Midwest Bank Trust Division raised its position in Emerson Electric by 4.3% in the second quarter. First Midwest Bank Trust Division now owns 43,388 shares of the industrial products company’s stock worth $2,586,000 after buying an additional 1,785 shares in the last quarter. HM Capital Management LLC raised its position in Emerson Electric by 0.8% in the second quarter. HM Capital Management LLC now owns 7,730 shares of the industrial products company’s stock worth $461,000 after buying an additional 61 shares in the last quarter. E&G Advisors LP purchased a new position in Emerson Electric during the second quarter worth approximately $286,000. Argus Investors Counsel Inc. raised its position in Emerson Electric by 4.2% in the second quarter. Argus Investors Counsel Inc. now owns 61,957 shares of the industrial products company’s stock worth $3,694,000 after buying an additional 2,472 shares in the last quarter. Finally, Berkshire Asset Management LLC PA raised its position in Emerson Electric by 3.5% in the second quarter. Berkshire Asset Management LLC PA now owns 214,769 shares of the industrial products company’s stock worth $12,805,000 after buying an additional 7,179 shares in the last quarter. 69.42% of the stock is currently owned by institutional investors.
Emerson Electric Company (NYSE:EMR) traded down 0.5272% during midday trading on Wednesday, reaching $58.5099. 720,269 shares of the company’s stock were exchanged. Emerson Electric Company has a 12 month low of $49.22 and a 12 month high of $64.37. The company has a 50 day moving average price of $59.80 and a 200 day moving average price of $59.82. The company has a market cap of $37.45 billion, a P/E ratio of 26.1088 and a beta of 1.20.
Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share for the quarter, hitting the consensus estimate of $0.68. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The business had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter last year, the business posted $0.68 EPS. The business’s revenue was up 9.9% on a year-over-year basis. On average, equities analysts anticipate that Emerson Electric Company will post $2.61 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 11th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend is Wednesday, August 9th. Emerson Electric’s dividend payout ratio is currently 85.33%.
A number of research firms have recently commented on EMR. BidaskClub lowered shares of Emerson Electric from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Berenberg Bank reissued a “sell” rating and issued a $53.00 price target on shares of Emerson Electric in a research report on Friday, August 11th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $62.00 price target (up previously from $61.00) on shares of Emerson Electric in a research report on Wednesday, August 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $68.00 price target on shares of Emerson Electric in a research report on Wednesday, July 19th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Emerson Electric in a research report on Tuesday, July 11th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. Emerson Electric presently has a consensus rating of “Hold” and an average target price of $59.23.
Emerson Electric 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.
Receive News & Ratings for Emerson Electric Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric Company and related companies with MarketBeat.com's FREE daily email newsletter.