Harbour Trust & Investment Management Co decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 1.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 23,376 shares of the industrial products company’s stock after selling 286 shares during the period. Harbour Trust & Investment Management Co’s holdings in Emerson Electric were worth $3,117,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in shares of Emerson Electric by 74.1% in the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock worth $1,412,000 after buying an additional 4,850 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Emerson Electric by 16.8% in the first quarter. GAMMA Investing LLC now owns 10,274 shares of the industrial products company’s stock worth $1,126,000 after buying an additional 1,479 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Emerson Electric by 15.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 347,763 shares of the industrial products company’s stock worth $38,129,000 after buying an additional 46,998 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of Emerson Electric in the first quarter worth about $66,000. Finally, Ritholtz Wealth Management boosted its holdings in shares of Emerson Electric by 7.2% in the first quarter. Ritholtz Wealth Management now owns 12,534 shares of the industrial products company’s stock worth $1,374,000 after buying an additional 837 shares during the period. Institutional investors own 74.30% of the company’s stock.
Wall Street Analysts Forecast Growth
EMR has been the subject of several recent analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. Bank of America raised their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. KeyCorp raised their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Wolfe Research decreased their price target on shares of Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a report on Wednesday, October 8th. Finally, Stephens raised their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.56.
Emerson Electric Price Performance
Shares of EMR opened at $128.31 on Tuesday. The firm has a market cap of $72.21 billion, a PE ratio of 27.59, a PEG ratio of 2.19 and a beta of 1.29. The firm’s 50 day moving average price is $132.37 and its 200 day moving average price is $125.48. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27.
Emerson Electric (NYSE:EMR – Get Free Report) last issued its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $3.16 billion for the quarter. As a group, research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.
Emerson Electric Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio (DPR) is currently 45.38%.
Emerson Electric Profile
Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.
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