Court Place Advisors LLC increased its position in shares of Emerson Electric Company (NYSE:EMR) by 15.9% during the second quarter, Holdings Channel reports. The fund owned 9,100 shares of the industrial products company’s stock after buying an additional 1,250 shares during the period. Court Place Advisors LLC’s holdings in Emerson Electric were worth $543,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of EMR. First Command Financial Services Inc. increased its stake in shares of Emerson Electric by 18.9% in the first quarter. First Command Financial Services Inc. now owns 1,935 shares of the industrial products company’s stock worth $116,000 after buying an additional 307 shares during the last quarter. Central Bank & Trust Co. increased its stake in shares of Emerson Electric by 31.3% in the first quarter. Central Bank & Trust Co. now owns 2,100 shares of the industrial products company’s stock worth $126,000 after buying an additional 500 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Emerson Electric during the first quarter worth $127,000. Harbour Capital Advisors LLC bought a new stake in shares of Emerson Electric during the first quarter worth $147,000. Finally, Guardian Life Insurance Co. of America increased its stake in shares of Emerson Electric by 1.1% in the first quarter. Guardian Life Insurance Co. of America now owns 2,491 shares of the industrial products company’s stock worth $149,000 after buying an additional 28 shares during the last quarter. 69.06% of the stock is currently owned by institutional investors.
Shares of Emerson Electric Company (EMR) traded down 0.49% on Friday, hitting $58.85. The stock had a trading volume of 1,192,158 shares. Emerson Electric Company has a 52-week low of $49.22 and a 52-week high of $64.36. The firm’s 50-day moving average price is $59.83 and its 200 day moving average price is $59.83. The firm has a market cap of $37.67 billion, a PE ratio of 26.26 and a beta of 1.20.
Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.68. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The business’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 EPS. On average, equities research analysts predict that Emerson Electric Company will post $2.61 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 11th will be given a dividend of $0.48 per share. The ex-dividend date is Wednesday, August 9th. This represents a $1.92 dividend on an annualized basis and a yield of 3.25%. Emerson Electric’s payout ratio is 85.33%.
EMR has been the topic of a number of recent research reports. TheStreet raised Emerson Electric from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. Stifel Nicolaus reaffirmed a “buy” rating and set a $68.00 price objective on shares of Emerson Electric in a research report on Wednesday, July 19th. Zacks Investment Research raised Emerson Electric from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Wednesday, April 19th. Cowen and Company reaffirmed a “hold” rating and set a $62.00 price objective on shares of Emerson Electric in a research report on Tuesday, May 2nd. Finally, BidaskClub raised Emerson Electric from a “sell” rating to a “hold” rating in a report on Friday, June 16th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $58.14.
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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