Beaton Management Co. Inc. Invests $304,000 in Emerson Electric Company (EMR)

Beaton Management Co. Inc. purchased a new stake in shares of Emerson Electric Company (NYSE:EMR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,100 shares of the industrial products company’s stock, valued at approximately $304,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Emerson Electric by 1.1% during the second quarter. Vanguard Group Inc. now owns 44,195,877 shares of the industrial products company’s stock valued at $2,634,958,000 after acquiring an additional 497,625 shares during the period. BlackRock Inc. boosted its holdings in shares of Emerson Electric by 1.9% during the second quarter. BlackRock Inc. now owns 40,954,867 shares of the industrial products company’s stock valued at $2,441,728,000 after acquiring an additional 778,791 shares during the period. Longview Partners Guernsey LTD lifted its holdings in Emerson Electric by 4.4% in the second quarter. Longview Partners Guernsey LTD now owns 12,624,050 shares of the industrial products company’s stock worth $752,646,000 after purchasing an additional 526,712 shares during the period. Capital World Investors lifted its holdings in Emerson Electric by 4.6% in the second quarter. Capital World Investors now owns 11,450,000 shares of the industrial products company’s stock worth $682,649,000 after purchasing an additional 500,000 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in Emerson Electric by 4.3% in the second quarter. Wells Fargo & Company MN now owns 10,532,262 shares of the industrial products company’s stock worth $627,933,000 after purchasing an additional 432,753 shares during the period. 69.00% of the stock is owned by institutional investors.

Shares of Emerson Electric Company (EMR) opened at $64.69 on Monday. Emerson Electric Company has a 1-year low of $55.40 and a 1-year high of $67.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 1.30. The firm has a market cap of $41,519.32, a PE ratio of 25.07, a price-to-earnings-growth ratio of 3.05 and a beta of 1.24.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.83. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The company had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.43 billion. During the same period in the prior year, the company earned $0.74 EPS. Emerson Electric’s revenue was up 12.8% on a year-over-year basis. equities research analysts anticipate that Emerson Electric Company will post 2.91 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 17th will be issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 3.00%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Thursday, November 16th. Emerson Electric’s dividend payout ratio is presently 82.55%.

Several research firms recently weighed in on EMR. J P Morgan Chase & Co began coverage on shares of Emerson Electric in a report on Wednesday, November 29th. They issued a “neutral” rating for the company. Citigroup set a $61.00 price objective on shares of Emerson Electric and gave the stock a “sell” rating in a report on Tuesday, November 28th. Cowen raised shares of Emerson Electric from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $61.00 to $71.00 in a report on Tuesday, November 28th. Edward Jones downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $70.00 price objective on shares of Emerson Electric in a report on Friday, November 10th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the stock. Emerson Electric currently has a consensus rating of “Hold” and a consensus price target of $65.14.

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Emerson Electric 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.

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

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