Livingston Group Asset Management CO operating as Southport Capital Management cut its stake in Emerson Electric Company (NYSE:EMR) by 9.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,990 shares of the industrial products company’s stock after selling 411 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Emerson Electric were worth $238,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in EMR. First Command Financial Services Inc. increased its position 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 position 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 position in shares of Emerson Electric during the first quarter worth approximately $127,000. Harbour Capital Advisors LLC bought a new position in shares of Emerson Electric during the first quarter worth approximately $147,000. Finally, Guardian Life Insurance Co. of America increased its position 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 hedge funds and other institutional investors.
Emerson Electric Company (EMR) opened at 58.89 on Friday. Emerson Electric Company has a 52 week low of $49.22 and a 52 week high of $64.36. The firm has a market cap of $37.69 billion, a PE ratio of 26.28 and a beta of 1.20. The stock has a 50 day moving average of $59.83 and a 200-day moving average of $59.84.
Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.68 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.68. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the previous year, the business posted $0.68 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. Analysts expect that Emerson Electric Company will post $2.61 earnings per share 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 of this dividend is Wednesday, August 9th. This represents a $1.92 dividend on an annualized basis and a yield of 3.26%. Emerson Electric’s dividend payout ratio (DPR) is 85.33%.
EMR has been the subject of several recent research reports. TheStreet raised shares of Emerson Electric from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. Stifel Nicolaus reissued a “buy” rating and issued a $68.00 target price on shares of Emerson Electric in a research report on Wednesday, July 19th. Zacks Investment Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Wednesday, April 19th. Cowen and Company reissued a “hold” rating and issued a $62.00 target price on shares of Emerson Electric in a research report on Tuesday, May 2nd. Finally, BidaskClub raised shares of Emerson Electric from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company. Emerson Electric presently has an average rating of “Hold” and a consensus price target of $58.14.
Emerson Electric Company 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.
What are top analysts saying about Emerson Electric Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Emerson Electric Company and related companies.