Willis Investment Counsel boosted its position in Emerson Electric Company (NYSE:EMR) by 0.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 216,325 shares of the industrial products company’s stock after purchasing an additional 125 shares during the period. Willis Investment Counsel’s holdings in Emerson Electric were worth $12,897,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of EMR. Oppenheimer Asset Management Inc. bought a new stake in Emerson Electric during the 1st quarter valued at $127,000. AT Bancorp bought a new stake in Emerson Electric during the 2nd quarter valued at $139,000. Harbour Capital Advisors LLC bought a new stake in Emerson Electric during the 1st quarter valued at $147,000. Guardian Life Insurance Co. of America raised its holdings in Emerson Electric by 1.1% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,491 shares of the industrial products company’s stock valued at $149,000 after acquiring an additional 28 shares during the period. Finally, Perkins Coie Trust Co bought a new stake in Emerson Electric during the 2nd quarter valued at $150,000. Institutional investors and hedge funds own 70.18% of the company’s stock.
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In related news, insider Robert T. Sharp sold 2,000 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $58.99, for a total value of $117,980.00. Following the transaction, the insider now owns 64,290 shares of the company’s stock, valued at $3,792,467.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.79% of the stock is owned by corporate insiders.
Emerson Electric Company (NYSE EMR) opened at $59.85 on Friday. The company has a market capitalization of $38,305.20, a price-to-earnings ratio of 23.20, a P/E/G ratio of 2.73 and a beta of 1.24. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 1.30. Emerson Electric Company has a 12 month low of $53.92 and a 12 month high of $67.79.
Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.83. The business had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.43 billion. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The firm’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 earnings per share. equities analysts forecast that Emerson Electric Company will post 2.91 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Thursday, November 16th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.48. Emerson Electric’s dividend payout ratio is currently 82.55%.
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.
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