Investors Research Corp cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,751 shares of the industrial products company’s stock after selling 325 shares during the quarter. Investors Research Corp’s holdings in Emerson Electric were worth $1,150,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Hexavest Inc. bought a new position in Emerson Electric in the 4th quarter worth approximately $27,000. IronBridge Private Wealth LLC purchased a new stake in Emerson Electric during the 4th quarter valued at $29,000. JJJ Advisors Inc. increased its stake in Emerson Electric by 169.7% in the fourth quarter. JJJ Advisors Inc. now owns 445 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 280 shares during the period. Oder Investment Management LLC bought a new stake in Emerson Electric during the fourth quarter valued at about $39,000. Finally, Selective Wealth Management Inc. bought a new stake in Emerson Electric during the first quarter valued at about $45,000. Institutional investors and hedge funds own 73.59% of the company’s stock.
A number of equities research analysts recently weighed in on the company. Credit Suisse Group raised their price objective on Emerson Electric from $94.00 to $98.00 and gave the company an “outperform” rating in a research report on Wednesday, February 3rd. UBS Group raised Emerson Electric from a “neutral” rating to a “buy” rating and raised their price target for the stock from $69.00 to $100.00 in a report on Friday, January 15th. Morgan Stanley raised their price target on Emerson Electric from $71.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 3rd. Citigroup raised their price objective on Emerson Electric from $94.00 to $98.00 in a research note on Wednesday, February 3rd. Finally, Zacks Investment Research cut Emerson Electric from a “buy” rating to a “hold” rating and set a $96.00 price objective for the company. in a research note on Tuesday, April 6th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $90.08.
Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Monday, February 1st. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.15. Emerson Electric had a return on equity of 25.98% and a net margin of 11.71%. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the previous year, the business earned $0.67 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. Sell-side analysts expect that Emerson Electric Co. will post 3.49 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 10th. Shareholders of record on Friday, February 12th were issued a dividend of $0.505 per share. The ex-dividend date of this dividend was Thursday, February 11th. This represents a $2.02 annualized dividend and a yield of 2.24%. Emerson Electric’s dividend payout ratio (DPR) is 58.38%.
Emerson Electric Company Profile
Emerson Electric Co designs and manufactures technology and engineering products for industrial, commercial, and consumer markets worldwide. It operates through Automation Solutions and Commercial & Residential Solutions segments. The Automation Solutions segment offers measurement and analytical instrumentation, industrial valves and equipment, and process control software and systems.
Further Reading: Net Margin
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