Williams Jones Wealth Management LLC. reduced its position in Emerson Electric Co. (NYSE:EMR – Get Rating) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 135,900 shares of the industrial products company’s stock after selling 1,928 shares during the quarter. Williams Jones Wealth Management LLC.’s holdings in Emerson Electric were worth $13,325,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of EMR. Siemens Fonds Invest GmbH raised its stake in Emerson Electric by 1.4% during the first quarter. Siemens Fonds Invest GmbH now owns 47,503 shares of the industrial products company’s stock worth $4,658,000 after acquiring an additional 665 shares in the last quarter. Crawford Investment Counsel Inc. raised its stake in Emerson Electric by 2.8% during the first quarter. Crawford Investment Counsel Inc. now owns 20,283 shares of the industrial products company’s stock worth $1,989,000 after acquiring an additional 554 shares in the last quarter. SVB Wealth LLC raised its stake in Emerson Electric by 1.5% during the first quarter. SVB Wealth LLC now owns 15,310 shares of the industrial products company’s stock worth $1,501,000 after acquiring an additional 221 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in Emerson Electric by 2.6% during the first quarter. Ameritas Investment Partners Inc. now owns 35,930 shares of the industrial products company’s stock worth $3,522,000 after acquiring an additional 897 shares in the last quarter. Finally, Certified Advisory Corp acquired a new position in Emerson Electric during the first quarter worth $34,000. 72.75% of the stock is owned by institutional investors.
Emerson Electric Price Performance
Shares of EMR opened at $84.71 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51. Emerson Electric Co. has a 1 year low of $76.16 and a 1 year high of $101.48. The stock has a market cap of $50.09 billion, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 1.94 and a beta of 1.42. The stock’s 50-day moving average price is $84.72 and its two-hundred day moving average price is $88.15.
Emerson Electric (NYSE:EMR – Get Rating) last issued its earnings results on Tuesday, August 9th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.09. Emerson Electric had a return on equity of 25.06% and a net margin of 16.45%. The firm had revenue of $5 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter last year, the business earned $1.09 earnings per share. The company’s revenue was up 6.5% compared to the same quarter last year. On average, equities analysts predict that Emerson Electric Co. will post 5.11 earnings per share for the current year.
Emerson Electric Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Thursday, August 11th. Emerson Electric’s dividend payout ratio (DPR) is presently 39.02%.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on EMR shares. Morgan Stanley increased their price objective on Emerson Electric from $95.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 10th. Mizuho raised their target price on Emerson Electric from $85.00 to $86.00 and gave the company a “neutral” rating in a research note on Wednesday, August 10th. Credit Suisse Group lowered their target price on Emerson Electric from $107.00 to $106.00 and set an “outperform” rating for the company in a research note on Wednesday, August 10th. Deutsche Bank Aktiengesellschaft raised their target price on Emerson Electric from $97.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, August 10th. Finally, Barclays lowered their target price on Emerson Electric from $87.00 to $80.00 and set an “equal weight” rating for the company in a research note on Friday, July 8th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $98.77.
Emerson Electric Company Profile
Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and residential markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, and Commercial & Residential Solutions segments.
Receive News & Ratings for Emerson Electric Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Emerson Electric and related companies with MarketBeat.com’s FREE daily email newsletter.