SignalPoint Asset Management LLC acquired a new stake in Emerson Electric Company (NYSE:EMR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,190 shares of the industrial products company’s stock, valued at approximately $451,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in EMR. Captrust Financial Advisors purchased a new position in Emerson Electric during the 2nd quarter valued at about $177,119,000. Vanguard Group Inc. increased its holdings in Emerson Electric by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock valued at $2,615,777,000 after acquiring an additional 2,404,844 shares in the last quarter. Pictet Asset Management Ltd. increased its holdings in Emerson Electric by 217.1% during the 2nd quarter. Pictet Asset Management Ltd. now owns 2,460,762 shares of the industrial products company’s stock valued at $145,480,000 after acquiring an additional 1,684,786 shares in the last quarter. Longview Partners Guernsey LTD increased its holdings in Emerson Electric by 9.0% during the 3rd quarter. Longview Partners Guernsey LTD now owns 13,758,325 shares of the industrial products company’s stock valued at $864,573,000 after acquiring an additional 1,134,275 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in Emerson Electric by 1.9% during the 2nd quarter. BlackRock Inc. now owns 40,954,867 shares of the industrial products company’s stock valued at $2,441,728,000 after acquiring an additional 778,791 shares in the last quarter. Hedge funds and other institutional investors own 69.00% of the company’s stock.
In other news, VP Frank J. Dellaquila sold 2,100 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total transaction of $136,017.00. Following the transaction, the vice president now directly owns 178,743 shares of the company’s stock, valued at $11,577,184.11. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Bell Katherine Button sold 7,909 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $64.78, for a total transaction of $512,345.02. Following the transaction, the vice president now directly owns 44,628 shares in the company, valued at $2,891,001.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,017 shares of company stock worth $1,771,129. 0.79% of the stock is currently owned by corporate insiders.
Emerson Electric Company (EMR) opened at $67.26 on Monday. The firm has a market cap of $43,168.82, a P/E ratio of 26.07, a price-to-earnings-growth ratio of 3.02 and a beta of 1.24. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.30 and a current ratio of 1.64. Emerson Electric Company has a 12-month low of $55.40 and a 12-month high of $67.83.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.83. The firm had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.43 billion. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. Emerson Electric’s revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.74 earnings per share. equities research analysts predict that Emerson Electric Company will post 2.92 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Friday, November 17th were given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 2.88%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, November 16th. Emerson Electric’s payout ratio is 82.55%.
Several equities analysts have weighed in on EMR shares. Edward Jones downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Wells Fargo & Company reiterated a “market perform” rating and set a $65.00 price target (up from $60.00) on shares of Emerson Electric in a report on Wednesday, November 8th. Stifel Nicolaus reiterated a “buy” rating on shares of Emerson Electric in a report on Thursday, October 12th. Bank of America upgraded shares of Emerson Electric from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $64.44 to $79.00 in a report on Tuesday, October 17th. Finally, Zacks Investment Research downgraded shares of Emerson Electric from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $65.86.
Emerson Electric 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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