PGGM Investments raised its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.7% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,008,244 shares of the company’s stock after buying an additional 6,930 shares during the period. PGGM Investments’ holdings in Emerson Electric were worth $52,590,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Capital One National Association boosted its stake in Emerson Electric by 0.4% in the second quarter. Capital One National Association now owns 7,431 shares of the company’s stock worth $388,000 after buying an additional 27 shares during the last quarter. NEXT Financial Group Inc boosted its stake in Emerson Electric by 0.6% in the second quarter. NEXT Financial Group Inc now owns 5,020 shares of the company’s stock worth $261,000 after buying an additional 31 shares during the last quarter. Maryland Capital Management boosted its stake in Emerson Electric by 0.8% in the first quarter. Maryland Capital Management now owns 6,100 shares of the company’s stock worth $332,000 after buying an additional 50 shares during the last quarter. Carroll Financial Associates Inc. boosted its stake in Emerson Electric by 0.6% in the second quarter. Carroll Financial Associates Inc. now owns 12,114 shares of the company’s stock worth $631,000 after buying an additional 74 shares during the last quarter. Finally, Goelzer Investment Management Inc. boosted its stake in Emerson Electric by 1.2% in the second quarter. Goelzer Investment Management Inc. now owns 7,051 shares of the company’s stock worth $368,000 after buying an additional 84 shares during the last quarter. 69.40% of the stock is owned by institutional investors.
Shares of Emerson Electric Co. (NYSE:EMR) traded down 0.94% during midday trading on Monday, reaching $51.43. The company had a trading volume of 2,365,689 shares. Emerson Electric Co. has a one year low of $41.25 and a one year high of $56.82. The company has a 50 day moving average of $52.93 and a 200 day moving average of $53.39. The company has a market capitalization of $33.10 billion, a PE ratio of 18.21 and a beta of 1.23.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.84 by $0.04. Emerson Electric had a net margin of 8.96% and a return on equity of 24.63%. The firm had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.34 billion. Analysts predict that Emerson Electric Co. will post $2.93 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were given a dividend of $0.475 per share. The ex-dividend date was Wednesday, August 10th. This represents a $1.90 annualized dividend and a dividend yield of 3.69%. Emerson Electric’s dividend payout ratio is currently 67.38%.
A number of research firms have recently issued reports on EMR. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Emerson Electric in a research report on Monday. Stifel Nicolaus dropped their price target on Emerson Electric from $60.00 to $58.00 and set a “buy” rating for the company in a report on Wednesday, August 3rd. Barclays PLC dropped their price target on Emerson Electric from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Wednesday, August 3rd. Zacks Investment Research cut Emerson Electric from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Finally, Citigroup Inc. dropped their price target on Emerson Electric from $49.00 to $48.00 and set a “sell” rating for the company in a report on Wednesday, August 3rd. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $52.82.
About Emerson Electric
Emerson Electric Co is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.
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