Alerus Financial NA raised its position in Emerson Electric Co. (NYSE:EMR) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,333 shares of the industrial products company’s stock after purchasing an additional 1,486 shares during the quarter. Emerson Electric accounts for approximately 1.0% of Alerus Financial NA’s portfolio, making the stock its 23rd largest holding. Alerus Financial NA’s holdings in Emerson Electric were worth $6,234,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Csenge Advisory Group acquired a new stake in shares of Emerson Electric in the third quarter valued at about $28,000. Moody National Bank Trust Division acquired a new stake in shares of Emerson Electric in the fourth quarter valued at about $27,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of Emerson Electric in the fourth quarter valued at about $30,000. Norway Savings Bank grew its stake in shares of Emerson Electric by 60.1% in the fourth quarter. Norway Savings Bank now owns 533 shares of the industrial products company’s stock valued at $32,000 after buying an additional 200 shares in the last quarter. Finally, IMS Capital Management acquired a new stake in shares of Emerson Electric in the third quarter valued at about $58,000. Institutional investors own 71.14% of the company’s stock.
A number of equities research analysts have weighed in on EMR shares. Morgan Stanley set a $77.00 price objective on Emerson Electric and gave the company a “buy” rating in a research note on Friday, February 8th. Credit Suisse Group raised their price objective on Emerson Electric from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, February 6th. Cowen restated a “buy” rating and set a $81.00 price objective on shares of Emerson Electric in a research note on Tuesday, February 5th. Citigroup upgraded Emerson Electric from a “sell” rating to a “neutral” rating and set a $66.00 price objective for the company in a research note on Monday, January 14th. Finally, Zacks Investment Research upgraded Emerson Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, January 8th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $76.28.
Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, February 5th. The industrial products company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.66 by $0.08. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.21 billion. Emerson Electric had a return on equity of 24.21% and a net margin of 12.83%. The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 EPS. Equities analysts expect that Emerson Electric Co. will post 3.7 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Friday, February 15th will be given a $0.49 dividend. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $1.96 annualized dividend and a dividend yield of 2.87%. Emerson Electric’s payout ratio is 57.99%.
In other news, insider Surendralal Lanca Karsanbhai sold 9,070 shares of Emerson Electric stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $68.00, for a total value of $616,760.00. Following the completion of the transaction, the insider now owns 20,000 shares in the company, valued at approximately $1,360,000. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.07% of the stock is currently owned by company insiders.
Emerson Electric Profile
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
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