Tiemann Investment Advisors LLC Has $296,000 Stake in Emerson Electric Company (EMR)

Tiemann Investment Advisors LLC held its position in shares of Emerson Electric Company (NYSE:EMR) during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,949 shares of the industrial products company’s stock at the end of the first quarter. Tiemann Investment Advisors LLC’s holdings in Emerson Electric were worth $296,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Longer Investments Inc. boosted its position in shares of Emerson Electric by 7.2% in the first quarter. Longer Investments Inc. now owns 41,700 shares of the industrial products company’s stock valued at $2,496,000 after buying an additional 2,789 shares during the last quarter. Carroll Financial Associates Inc. boosted its position in shares of Emerson Electric by 2.8% in the first quarter. Carroll Financial Associates Inc. now owns 13,286 shares of the industrial products company’s stock valued at $795,000 after buying an additional 367 shares during the last quarter. National Pension Service boosted its position in shares of Emerson Electric by 3.5% in the first quarter. National Pension Service now owns 490,622 shares of the industrial products company’s stock valued at $29,246,000 after buying an additional 16,611 shares during the last quarter. Mutual of Omaha Bank Wealth Management boosted its position in shares of Emerson Electric by 6.2% in the first quarter. Mutual of Omaha Bank Wealth Management now owns 20,535 shares of the industrial products company’s stock valued at $1,229,000 after buying an additional 1,200 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of Emerson Electric by 6.0% in the first quarter. Quadrant Capital Group LLC now owns 6,986 shares of the industrial products company’s stock valued at $408,000 after buying an additional 395 shares during the last quarter. Institutional investors own 69.42% of the company’s stock.

Shares of Emerson Electric Company (EMR) opened at 58.00 on Friday. The firm has a market capitalization of $37.12 billion, a P/E ratio of 25.88 and a beta of 1.20. Emerson Electric Company has a 52-week low of $49.22 and a 52-week high of $64.36. The stock has a 50 day moving average of $59.85 and a 200-day moving average of $59.81.

Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.68. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the prior year, the company posted $0.68 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities analysts expect that Emerson Electric Company will post $2.61 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 11th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.31%. The ex-dividend date is Wednesday, August 9th. Emerson Electric’s dividend payout ratio is presently 85.33%.

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Several brokerages have recently weighed in on EMR. JMP Securities began coverage on Emerson Electric in a report on Monday, June 19th. They issued an “outperform” rating and a $70.00 price objective for the company. Cowen and Company reiterated a “hold” rating and issued a $62.00 target price on shares of Emerson Electric in a research note on Tuesday, May 2nd. BidaskClub upgraded shares of Emerson Electric from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $62.00 target price (up from $61.00) on shares of Emerson Electric in a research note on Wednesday, August 2nd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $68.00 target price on shares of Emerson Electric in a research note on Wednesday, July 19th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the stock. Emerson Electric 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.

Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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