Waters Parkerson & CO. LLC Maintains Stake in Emerson Electric Company (EMR)

Waters Parkerson & CO. LLC continued to hold its stake in shares of Emerson Electric Company (NYSE:EMR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,860 shares of the industrial products company’s stock at the end of the 2nd quarter. Waters Parkerson & CO. LLC’s holdings in Emerson Electric were worth $230,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. purchased a new stake in shares of Emerson Electric during the 1st quarter worth approximately $127,000. AT Bancorp purchased a new stake in shares of Emerson Electric during the 2nd quarter worth approximately $139,000. Harbour Capital Advisors LLC purchased a new stake in shares of Emerson Electric during the 1st quarter worth approximately $147,000. Guardian Life Insurance Co. of America boosted its stake in shares of 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 worth $149,000 after acquiring an additional 28 shares in the last quarter. Finally, Perkins Coie Trust Co purchased a new stake in shares of Emerson Electric during the 2nd quarter worth approximately $150,000. 69.35% of the stock is currently owned by institutional investors and hedge funds.

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In other news, insider Robert T. Sharp sold 2,000 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $58.99, for a total transaction of $117,980.00. Following the completion of the sale, the insider now directly owns 64,290 shares in the company, valued at approximately $3,792,467.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.79% of the company’s stock.

Emerson Electric Company (NYSE:EMR) opened at $60.26 on Tuesday. Emerson Electric Company has a 52 week low of $53.92 and a 52 week high of $67.79. The firm has a market capitalization of $38,570.00, a price-to-earnings ratio of 23.20, a price-to-earnings-growth ratio of 2.73 and a beta of 1.24. The company has a current ratio of 1.64, a quick ratio of 1.30 and a debt-to-equity ratio of 0.43.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.83. The company had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.43 billion. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.74 EPS. sell-side analysts expect that Emerson Electric Company will post 2.91 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.22%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Thursday, November 16th. Emerson Electric’s dividend payout ratio is presently 75.78%.

EMR has been the topic of a number of recent research reports. BidaskClub lowered Emerson Electric from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $62.00 target price (up previously from $61.00) on shares of Emerson Electric in a research note on Wednesday, August 2nd. Berenberg Bank reaffirmed a “sell” rating and issued a $53.00 target price on shares of Emerson Electric in a research note on Friday, August 11th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $67.00 target price (up previously from $64.00) on shares of Emerson Electric in a research note on Monday, October 2nd. Finally, Citigroup Inc. reaffirmed a “sell” rating and issued a $61.00 target price (up previously from $58.00) on shares of Emerson Electric in a research note on Monday, October 9th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $65.14.

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.

Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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