IFM Investors Pty Ltd acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 8,150 shares of the company’s stock, valued at approximately $454,000.
Several other hedge funds also recently modified their holdings of EMR. Financial Architects Inc raised its position in Emerson Electric by 15.9% in the third quarter. Financial Architects Inc now owns 1,964 shares of the company’s stock valued at $108,000 after buying an additional 270 shares during the last quarter. Northwest Quadrant Wealth Management LLC acquired a new position in Emerson Electric during the fourth quarter valued at approximately $111,000. Elgethun Capital Management acquired a new position in Emerson Electric during the fourth quarter valued at approximately $114,000. RidgeWorth Capital Management LLC raised its position in Emerson Electric by 23.1% in the fourth quarter. RidgeWorth Capital Management LLC now owns 2,183 shares of the company’s stock valued at $122,000 after buying an additional 410 shares during the last quarter. Finally, Arcadia Investment Management Corp MI raised its position in Emerson Electric by 8.3% in the third quarter. Arcadia Investment Management Corp MI now owns 2,471 shares of the company’s stock valued at $135,000 after buying an additional 190 shares during the last quarter. Institutional investors and hedge funds own 71.04% of the company’s stock.
Shares of Emerson Electric Co. (NYSE:EMR) opened at 58.57 on Monday. Emerson Electric Co. has a 1-year low of $48.45 and a 1-year high of $64.36. The stock has a 50 day moving average price of $60.84 and a 200-day moving average price of $55.99. The firm has a market cap of $37.78 billion, a price-to-earnings ratio of 23.76 and a beta of 1.17.
Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, February 7th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.07. The business earned $3.20 billion during the quarter, compared to analyst estimates of $3.17 billion. Emerson Electric had a return on equity of 24.26% and a net margin of 8.50%. The company’s revenue was down 3.6% compared to the same quarter last year. During the same period last year, the company posted $0.56 EPS. On average, equities research analysts expect that Emerson Electric Co. will post $2.57 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Friday, February 17th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.28%. The ex-dividend date was Wednesday, February 15th. Emerson Electric’s dividend payout ratio is presently 77.73%.
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Several equities analysts recently commented on the company. Royal Bank of Canada reiterated a “hold” rating and issued a $58.00 target price on shares of Emerson Electric in a research note on Sunday, March 12th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Emerson Electric in a research note on Thursday, December 15th. Stifel Nicolaus upped their target price on Emerson Electric from $63.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, February 9th. Zacks Investment Research lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th. Finally, Berenberg Bank reiterated a “sell” rating and issued a $53.00 target price on shares of Emerson Electric in a research note on Wednesday, February 22nd. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $55.57.
In other news, VP Steven J. Pelch sold 7,839 shares of the firm’s stock in a transaction on Friday, February 10th. The stock was sold at an average price of $63.31, for a total transaction of $496,287.09. Following the completion of the sale, the vice president now directly owns 72,647 shares of the company’s stock, valued at approximately $4,599,281.57. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.79% of the company’s stock.
About Emerson Electric
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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