Golub Group LLC lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 6.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,197 shares of the industrial products company’s stock after purchasing an additional 2,106 shares during the period. Golub Group LLC’s holdings in Emerson Electric were worth $2,286,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Thomasville National Bank increased its stake in Emerson Electric by 2.9% during the 2nd quarter. Thomasville National Bank now owns 54,101 shares of the industrial products company’s stock worth $3,610,000 after buying an additional 1,544 shares in the last quarter. Private Trust Co. NA boosted its holdings in shares of Emerson Electric by 4.2% during the 2nd quarter. Private Trust Co. NA now owns 8,322 shares of the industrial products company’s stock worth $555,000 after purchasing an additional 337 shares during the last quarter. Rockland Trust Co. boosted its holdings in shares of Emerson Electric by 3.4% during the 2nd quarter. Rockland Trust Co. now owns 97,194 shares of the industrial products company’s stock worth $6,485,000 after purchasing an additional 3,200 shares during the last quarter. DNB Asset Management AS boosted its holdings in shares of Emerson Electric by 4.3% during the 2nd quarter. DNB Asset Management AS now owns 127,098 shares of the industrial products company’s stock worth $8,480,000 after purchasing an additional 5,283 shares during the last quarter. Finally, First American Trust FSB boosted its holdings in shares of Emerson Electric by 1.7% during the 2nd quarter. First American Trust FSB now owns 56,350 shares of the industrial products company’s stock worth $3,760,000 after purchasing an additional 952 shares during the last quarter. 70.32% of the stock is owned by institutional investors and hedge funds.
Shares of EMR traded up $0.09 during mid-day trading on Friday, hitting $73.88. 2,186,068 shares of the company’s stock were exchanged, compared to its average volume of 3,242,199. The company has a current ratio of 1.19, a quick ratio of 0.85 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $45.39 billion, a P/E ratio of 20.02, a P/E/G ratio of 2.52 and a beta of 1.37. Emerson Electric Co. has a fifty-two week low of $55.38 and a fifty-two week high of $75.54. The business’s 50 day moving average is $67.96 and its two-hundred day moving average is $64.99.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.07 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.07. The firm had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $5.02 billion. Emerson Electric had a net margin of 12.55% and a return on equity of 26.32%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.89 earnings per share. On average, equities research analysts forecast that Emerson Electric Co. will post 3.65 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.71%. Emerson Electric’s dividend payout ratio (DPR) is 53.12%.
EMR has been the topic of several recent research reports. Argus cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Zacks Investment Research cut Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price objective on the stock. in a report on Tuesday, July 23rd. Barclays decreased their price objective on Emerson Electric from $65.00 to $64.00 and set an “equal weight” rating on the stock in a report on Monday, September 30th. Morgan Stanley upped their price objective on Emerson Electric from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Royal Bank of Canada upgraded Emerson Electric from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $65.00 to $77.00 in a report on Monday, September 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $73.00.
Emerson Electric Company Profile
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
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