PNC Financial Services Group Inc. decreased its position in Emerson Electric Co. (NYSE:EMR) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,531,481 shares of the industrial products company’s stock after selling 32,524 shares during the quarter. PNC Financial Services Group Inc. owned 0.40% of Emerson Electric worth $193,861,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of EMR. Tradewinds Capital Management LLC grew its position in shares of Emerson Electric by 584.1% during the third quarter. Tradewinds Capital Management LLC now owns 1,416 shares of the industrial products company’s stock worth $108,000 after buying an additional 1,209 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Emerson Electric in the second quarter worth $102,000. Kiley Juergens Wealth Management LLC acquired a new position in Emerson Electric in the second quarter worth $105,000. Kaizen Advisory LLC boosted its holdings in Emerson Electric by 151.1% in the second quarter. Kaizen Advisory LLC now owns 1,539 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 926 shares during the period. Finally, Sun Life Financial INC boosted its holdings in Emerson Electric by 761.6% in the second quarter. Sun Life Financial INC now owns 1,706 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 1,508 shares during the period. 69.93% of the stock is owned by institutional investors.
In related news, President Edward L. Monser sold 30,000 shares of Emerson Electric stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $75.84, for a total transaction of $2,275,200.00. Following the sale, the president now directly owns 176,477 shares in the company, valued at $13,384,015.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Edward L. Monser sold 60,000 shares of Emerson Electric stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $76.10, for a total transaction of $4,566,000.00. Following the sale, the president now owns 176,477 shares in the company, valued at $13,429,899.70. The disclosure for this sale can be found here. 0.84% of the stock is owned by insiders.
Shares of NYSE EMR opened at $68.46 on Tuesday. Emerson Electric Co. has a fifty-two week low of $59.62 and a fifty-two week high of $79.70. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.35. The stock has a market cap of $43.75 billion, a P/E ratio of 20.25, a P/E/G ratio of 2.13 and a beta of 1.20.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). Emerson Electric had a net margin of 12.65% and a return on equity of 23.06%. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.91 billion. During the same quarter in the prior year, the firm earned $0.83 earnings per share. Emerson Electric’s revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, analysts predict that Emerson Electric Co. will post 3.68 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 16th will be paid a dividend of $0.49 per share. This is a boost from Emerson Electric’s previous quarterly dividend of $0.49. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Thursday, November 15th. Emerson Electric’s payout ratio is currently 57.99%.
A number of research firms have commented on EMR. Stephens began coverage on shares of Emerson Electric in a report on Monday. They issued an “overweight” rating for the company. Berenberg Bank set a $67.00 price objective on shares of Emerson Electric and gave the stock a “hold” rating in a report on Monday. Zacks Investment Research cut Emerson Electric from a “hold” rating to a “sell” rating in a research note on Tuesday, November 13th. Robert W. Baird cut their target price on Emerson Electric from $80.00 to $78.00 and set a “neutral” rating on the stock in a research note on Monday, November 12th. Finally, William Blair reiterated a “market perform” rating on shares of Emerson Electric in a research note on Tuesday, November 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company. Emerson Electric has an average rating of “Buy” and an average price target of $78.30.
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Emerson Electric Profile
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.
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