Schonfeld Strategic Advisors LLC acquired a new position in Emerson Electric Co. (NYSE:EMR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 24,246 shares of the industrial products company’s stock, valued at approximately $2,188,000.
Several other large investors have also made changes to their positions in the business. Wagner Wealth Management LLC bought a new stake in shares of Emerson Electric during the 1st quarter worth approximately $25,000. Simon Quick Advisors LLC lifted its position in shares of Emerson Electric by 66.8% during the first quarter. Simon Quick Advisors LLC now owns 312 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. IronBridge Private Wealth LLC purchased a new stake in shares of Emerson Electric during the fourth quarter valued at $29,000. Certified Advisory Corp purchased a new position in Emerson Electric in the 1st quarter worth about $35,000. Finally, Goodwin Investment Advisory bought a new stake in Emerson Electric during the 1st quarter valued at about $38,000. Institutional investors and hedge funds own 72.50% of the company’s stock.
Several research firms have recently weighed in on EMR. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Emerson Electric from $103.00 to $111.00 and gave the company a “buy” rating in a research note on Wednesday, July 14th. Morgan Stanley increased their price target on Emerson Electric from $90.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 6th. Zacks Investment Research downgraded Emerson Electric from a “buy” rating to a “hold” rating and set a $96.00 price objective for the company. in a report on Tuesday, April 6th. Barclays raised their target price on shares of Emerson Electric from $91.00 to $94.00 and gave the company an “equal weight” rating in a research report on Thursday, July 8th. Finally, Credit Suisse Group upped their price target on shares of Emerson Electric from $101.00 to $103.00 and gave the stock an “outperform” rating in a research report on Thursday, May 6th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Emerson Electric has a consensus rating of “Buy” and an average target price of $94.46.
Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, May 5th. The industrial products company reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.07. Emerson Electric had a return on equity of 25.84% and a net margin of 12.47%. The firm had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter last year, the firm earned $0.89 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, research analysts anticipate that Emerson Electric Co. will post 3.94 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 10th. Stockholders of record on Friday, May 14th were issued a dividend of $0.505 per share. The ex-dividend date of this dividend was Thursday, May 13th. This represents a $2.02 annualized dividend and a dividend yield of 2.06%. Emerson Electric’s dividend payout ratio (DPR) is currently 58.38%.
Emerson Electric Profile
Emerson Electric Co designs and manufactures technology and engineering products for industrial, commercial, and consumer markets worldwide. It operates through Automation Solutions and Commercial & Residential Solutions segments. The Automation Solutions segment offers measurement and analytical instrumentation, industrial valves and equipment, and process control software and systems.
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