Whitnell & Co. Acquires 4,800 Shares of Emerson Electric Co. (NYSE:EMR)

Whitnell & Co. increased its holdings in Emerson Electric Co. (NYSE:EMR) by 82.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,650 shares of the industrial products company’s stock after acquiring an additional 4,800 shares during the quarter. Whitnell & Co.’s holdings in Emerson Electric were worth $712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. H2O AM LLP grew its stake in shares of Emerson Electric by 58.2% in the second quarter. H2O AM LLP now owns 348,979 shares of the industrial products company’s stock worth $21,874,000 after acquiring an additional 128,428 shares during the period. Spectrum Asset Management Inc. NB CA grew its stake in shares of Emerson Electric by 21.3% in the third quarter. Spectrum Asset Management Inc. NB CA now owns 21,523 shares of the industrial products company’s stock worth $1,439,000 after acquiring an additional 3,775 shares during the period. Delta Asset Management LLC TN grew its stake in shares of Emerson Electric by 0.5% in the second quarter. Delta Asset Management LLC TN now owns 114,619 shares of the industrial products company’s stock worth $7,647,000 after acquiring an additional 598 shares during the period. DNB Asset Management AS grew its stake in shares of Emerson Electric by 4.3% in the second quarter. DNB Asset Management AS now owns 127,098 shares of the industrial products company’s stock worth $8,480,000 after acquiring an additional 5,283 shares during the period. Finally, Janus Henderson Group PLC grew its stake in shares of Emerson Electric by 14.3% in the second quarter. Janus Henderson Group PLC now owns 215,440 shares of the industrial products company’s stock worth $14,375,000 after acquiring an additional 27,015 shares during the period. Institutional investors own 70.32% of the company’s stock.

Shares of EMR traded up $0.09 on Friday, reaching $73.88. The company’s stock had a trading volume of 2,186,068 shares, compared to its average volume of 3,242,199. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 0.85. The stock has a market capitalization of $45.39 billion, a P/E ratio of 20.02, a PEG ratio of 2.52 and a beta of 1.37. The stock’s 50 day simple moving average is $67.96 and its two-hundred day simple moving average is $64.99. Emerson Electric Co. has a 12-month low of $55.38 and a 12-month high of $75.54.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.07 earnings per share for the quarter, meeting the consensus estimate of $1.07. Emerson Electric had a net margin of 12.55% and a return on equity of 26.32%. The business had revenue of $4.97 billion for the quarter, compared to the consensus estimate of $5.02 billion. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. Analysts expect that Emerson Electric Co. will post 3.65 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.71%. The ex-dividend date is Thursday, November 14th. Emerson Electric’s dividend payout ratio is currently 53.12%.

EMR has been the topic of a number of research reports. Cfra downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Stephens set a $71.00 price objective on shares of Emerson Electric and gave the stock a “buy” rating in a report on Monday, September 30th. Morgan Stanley raised their price objective on shares of Emerson Electric from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday. Citigroup raised their price objective on shares of Emerson Electric from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Zacks Investment Research downgraded shares of Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price objective on the stock. in a report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $73.00.

Emerson Electric Company 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.

Recommended Story: What is the balance sheet?

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

Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit