Prospera Financial Services Inc increased its stake in Emerson Electric Co. (NYSE:EMR) by 23.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,465 shares of the company’s stock after buying an additional 1,408 shares during the period. Prospera Financial Services Inc’s holdings in Emerson Electric were worth $389,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arcadia Investment Management Corp MI raised its position in Emerson Electric by 11.4% in the second quarter. Arcadia Investment Management Corp MI now owns 2,281 shares of the company’s stock valued at $119,000 after buying an additional 234 shares in the last quarter. Americafirst Capital Management LLC bought a new stake in shares of Emerson Electric during the second quarter valued at about $128,000. Integrated Investment Consultants LLC raised its stake in shares of Emerson Electric by 99.5% in the second quarter. Integrated Investment Consultants LLC now owns 2,530 shares of the company’s stock valued at $132,000 after buying an additional 1,262 shares during the period. Oakworth Capital Inc. raised its stake in shares of Emerson Electric by 405.6% in the second quarter. Oakworth Capital Inc. now owns 2,705 shares of the company’s stock valued at $141,000 after buying an additional 2,170 shares during the period. Finally, Badgley Phelps & Bell Inc. bought a new stake in shares of Emerson Electric during the first quarter valued at about $205,000. Institutional investors and hedge funds own 69.40% of the company’s stock.
Shares of Emerson Electric Co. (NYSE:EMR) traded up 0.76% during trading on Tuesday, reaching $51.82. The company had a trading volume of 2,803,238 shares. The company has a market capitalization of $33.35 billion, a P/E ratio of 18.35 and a beta of 1.23. Emerson Electric Co. has a 52-week low of $41.25 and a 52-week high of $56.82. The firm has a 50-day moving average price of $52.86 and a 200-day moving average price of $53.40.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by $0.04. Emerson Electric had a net margin of 8.96% and a return on equity of 24.63%. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.34 billion. On average, analysts predict that Emerson Electric Co. will post $2.93 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were paid a dividend of $0.475 per share. The ex-dividend date was Wednesday, August 10th. This represents a $1.90 dividend on an annualized basis and a yield of 3.67%. Emerson Electric’s dividend payout ratio (DPR) is presently 67.38%.
EMR has been the topic of several research analyst reports. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Emerson Electric in a report on Wednesday, June 22nd. Wells Fargo & Co. restated a “hold” rating and issued a $52.00 price objective on shares of Emerson Electric in a report on Monday, July 18th. Deutsche Bank AG restated a “hold” rating on shares of Emerson Electric in a report on Thursday, September 15th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Emerson Electric in a report on Monday. Finally, Morgan Stanley restated a “hold” rating and issued a $50.00 price objective on shares of Emerson Electric in a report on Monday, August 29th. Five research 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 has an average rating of “Hold” and an average target price 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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