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.
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