Silvant Capital Management LLC Invests $5.44 Million in Emerson Electric (EMR)

Silvant Capital Management LLC bought a new position in shares of Emerson Electric (NYSE:EMR) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 79,668 shares of the industrial products company’s stock, valued at approximately $5,441,000.

Other hedge funds have also made changes to their positions in the company. G&S Capital LLC acquired a new position in Emerson Electric in the 4th quarter valued at $101,000. Cerebellum GP LLC acquired a new position in Emerson Electric in the 4th quarter valued at $129,000. Global Trust Asset Management LLC acquired a new position in Emerson Electric in the 4th quarter valued at $146,000. Trustcore Financial Services LLC acquired a new position in Emerson Electric in the 4th quarter valued at $160,000. Finally, Calton & Associates Inc. acquired a new position in Emerson Electric in the 4th quarter valued at $169,000. 70.35% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:EMR opened at $72.97 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.30 and a quick ratio of 0.98. The firm has a market capitalization of $45.33 billion, a price-to-earnings ratio of 25.25, a P/E/G ratio of 2.14 and a beta of 1.19. Emerson Electric has a 52-week low of $71.67 and a 52-week high of $72.08.

Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, May 1st. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.04. The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.22 billion. Emerson Electric had a return on equity of 21.69% and a net margin of 10.83%. The firm’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 EPS. equities analysts expect that Emerson Electric will post 3.18 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 11th. Shareholders of record on Friday, May 11th will be issued a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Thursday, May 10th. Emerson Electric’s payout ratio is currently 73.48%.

Several research firms recently commented on EMR. Zacks Investment Research downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Monday, May 7th. Stifel Nicolaus increased their price objective on Emerson Electric from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, May 3rd. Citigroup reduced their price objective on Emerson Electric from $68.00 to $67.00 and set a “sell” rating for the company in a research note on Wednesday, May 2nd. Berenberg Bank raised Emerson Electric from a “sell” rating to a “hold” rating and set a $69.00 price objective for the company in a research note on Tuesday, April 24th. They noted that the move was a valuation call. Finally, Cowen reissued a “buy” rating and issued a $78.00 price objective on shares of Emerson Electric in a research note on Wednesday, April 18th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. Emerson Electric presently has a consensus rating of “Hold” and an average price target of $73.00.

About Emerson Electric

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.

Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric (NYSE:EMR).

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.

Latest News

Aecon Group’s  “Outperform Overweight” Rating Reiterated at National Bank Financial
Aecon Group’s “Outperform Overweight” Rating Reiterated at National Bank Financial
Friendz Price Reaches $0.0195
Friendz Price Reaches $0.0195
Head-To-Head Review: Fortive  versus Hurco Companies
Head-To-Head Review: Fortive versus Hurco Companies
Civic Achieves Market Capitalization of $110.16 Million
Civic Achieves Market Capitalization of $110.16 Million
SG Americas Securities LLC Has $958,000 Stake in Jabil Inc
SG Americas Securities LLC Has $958,000 Stake in Jabil Inc
SG Americas Securities LLC Purchases 30,004 Shares of Nutrisystem
SG Americas Securities LLC Purchases 30,004 Shares of Nutrisystem


Leave a Reply

 
© 2006-2018 Zolmax.