Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its position in shares of Emerson Electric Company (NYSE:EMR) by 6.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 252,327 shares of the industrial products company’s stock after selling 16,635 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Emerson Electric were worth $15,856,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Tower Research Capital LLC TRC acquired a new position in shares of Emerson Electric in the 2nd quarter valued at $109,000. Intellectus Partners LLC raised its position in Emerson Electric by 0.3% in the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 7 shares during the last quarter. Mountain Capital Investment Advisors Inc purchased a new stake in Emerson Electric in the 2nd quarter valued at $129,000. AT Bancorp purchased a new stake in Emerson Electric in the 2nd quarter valued at $139,000. Finally, Harbour Capital Advisors LLC purchased a new stake in Emerson Electric in the 1st quarter valued at $147,000. Institutional investors own 69.00% of the company’s stock.
Emerson Electric Company (NYSE EMR) opened at $67.26 on Friday. The company has a market cap of $42,687.43, a price-to-earnings ratio of 25.78, a price-to-earnings-growth ratio of 2.99 and a beta of 1.24. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.30 and a current ratio of 1.64. Emerson Electric Company has a 12-month low of $55.40 and a 12-month high of $67.83.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.83. The company had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.43 billion. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. Emerson Electric’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 EPS. sell-side analysts expect that Emerson Electric Company will post 2.92 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Friday, November 17th were issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date was Thursday, November 16th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. Emerson Electric’s dividend payout ratio (DPR) is currently 82.55%.
Several research firms recently commented on EMR. BidaskClub downgraded shares of Emerson Electric from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Cowen upgraded shares of Emerson Electric from a “market perform” rating to an “outperform” rating in a research report on Tuesday, October 17th. Zacks Investment Research upgraded shares of Emerson Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. J P Morgan Chase & Co began coverage on shares of Emerson Electric in a research report on Wednesday, November 29th. They issued a “neutral” rating for the company. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $75.00 price target on shares of Emerson Electric in a research report on Monday, December 11th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. Emerson Electric currently has a consensus rating of “Hold” and an average target price of $65.86.
In other news, VP Bell Katherine Button sold 7,909 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $64.78, for a total value of $512,345.02. Following the completion of the transaction, the vice president now owns 44,628 shares in the company, valued at approximately $2,891,001.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Frank J. Dellaquila sold 2,100 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total transaction of $136,017.00. Following the completion of the transaction, the vice president now owns 178,743 shares of the company’s stock, valued at approximately $11,577,184.11. The disclosure for this sale can be found here. Insiders sold a total of 27,017 shares of company stock valued at $1,771,129 in the last quarter. Insiders own 0.79% of the company’s stock.
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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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