Stephens Inc. AR boosted its stake in Emerson Electric Company (NYSE:EMR) by 8.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,874 shares of the industrial products company’s stock after purchasing an additional 6,744 shares during the period. Stephens Inc. AR’s holdings in Emerson Electric were worth $5,775,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Emerson Electric by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 44,195,877 shares of the industrial products company’s stock worth $2,634,958,000 after buying an additional 497,625 shares during the last quarter. BlackRock Inc. grew its position in shares of Emerson Electric by 1.9% in the 2nd quarter. BlackRock Inc. now owns 40,954,867 shares of the industrial products company’s stock worth $2,441,728,000 after buying an additional 778,791 shares during the last quarter. Longview Partners Guernsey LTD boosted its position in shares of Emerson Electric by 9.0% during the third quarter. Longview Partners Guernsey LTD now owns 13,758,325 shares of the industrial products company’s stock valued at $864,573,000 after purchasing an additional 1,134,275 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Emerson Electric by 4.7% during the third quarter. Bank of New York Mellon Corp now owns 13,355,963 shares of the industrial products company’s stock valued at $839,288,000 after purchasing an additional 597,993 shares in the last quarter. Finally, Capital World Investors boosted its position in shares of Emerson Electric by 4.6% during the second quarter. Capital World Investors now owns 11,450,000 shares of the industrial products company’s stock valued at $682,649,000 after purchasing an additional 500,000 shares in the last quarter. Hedge funds and other institutional investors own 69.23% of the company’s stock.
In other Emerson Electric news, COO Edgar M. Purvis, Jr. sold 9,490 shares of Emerson Electric stock in a transaction on Friday, December 8th. The stock was sold at an average price of $65.74, for a total transaction of $623,872.60. Following the completion of the transaction, the chief operating officer now owns 168,984 shares in the company, valued at $11,109,008.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Bell Katherine Button sold 7,518 shares of Emerson Electric stock in a transaction on Monday, December 11th. The shares were sold at an average price of $66.36, for a total value of $498,894.48. Following the transaction, the vice president now owns 36,877 shares of the company’s stock, valued at approximately $2,447,157.72. The disclosure for this sale can be found here. Insiders have sold 27,017 shares of company stock valued at $1,771,129 in the last quarter. 0.79% of the stock is owned by company insiders.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.04. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Emerson Electric had a return on equity of 20.73% and a net margin of 10.09%. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 earnings per share. equities research analysts forecast that Emerson Electric Company will post 2.95 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 16th will be paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Thursday, February 15th. Emerson Electric’s payout ratio is 78.23%.
Several research firms recently weighed in on EMR. UBS Group began coverage on Emerson Electric in a research report on Monday, January 22nd. They set a “buy” rating and a $73.26 price target on the stock. Wells Fargo & Co restated a “market perform” rating and set a $73.00 price target (up from $65.00) on shares of Emerson Electric in a research report on Thursday, January 18th. JMP Securities lowered Emerson Electric from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $74.45 to $56.77 in a research report on Thursday, February 1st. Vertical Research upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research report on Tuesday, January 2nd. Finally, Robert W. Baird lifted their price target on Emerson Electric from $70.00 to $76.00 and gave the company a “neutral” rating in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $66.57.
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About Emerson Electric
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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