Janney Montgomery Scott LLC increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 7.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 168,318 shares of the industrial products company’s stock after acquiring an additional 11,460 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Emerson Electric were worth $10,057,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the stock. Moody National Bank Trust Division bought a new stake in Emerson Electric in the 4th quarter valued at $27,000. Csenge Advisory Group bought a new stake in Emerson Electric in the 3rd quarter valued at $28,000. Massey Quick Simon & CO. LLC bought a new stake in shares of Emerson Electric in the 4th quarter worth about $30,000. Norway Savings Bank grew its holdings in shares of Emerson Electric by 60.1% in the 4th quarter. Norway Savings Bank now owns 533 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 200 shares during the last quarter. Finally, Mackey Komara & Dankovich LLC bought a new stake in shares of Emerson Electric in the 4th quarter worth about $48,000. 71.14% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently issued reports on EMR shares. Robert W. Baird reduced their price target on shares of Emerson Electric from $80.00 to $78.00 and set a “neutral” rating on the stock in a research report on Monday, November 12th. William Blair reiterated a “market perform” rating on shares of Emerson Electric in a research report on Tuesday, November 6th. UBS Group set a $85.00 price target on shares of Emerson Electric and gave the stock a “buy” rating in a research report on Thursday, November 8th. Zacks Investment Research upgraded shares of Emerson Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, January 8th. Finally, Royal Bank of Canada downgraded shares of Emerson Electric from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $68.00 to $61.00 in a research report on Thursday, January 3rd. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Emerson Electric presently has a consensus rating of “Buy” and an average target price of $76.28.
NYSE EMR opened at $66.74 on Monday. Emerson Electric Co. has a 52-week low of $55.38 and a 52-week high of $79.70. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.62. The company has a market cap of $41.02 billion, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 2.10 and a beta of 1.20.
Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, February 5th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.08. Emerson Electric had a return on equity of 24.21% and a net margin of 12.83%. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same period in the prior year, the business earned $0.61 EPS. Emerson Electric’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, sell-side analysts expect that Emerson Electric Co. will post 3.7 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Friday, February 15th will be paid a dividend of $0.49 per share. The ex-dividend date is Thursday, February 14th. This represents a $1.96 dividend on an annualized basis and a yield of 2.94%. Emerson Electric’s payout ratio is 57.99%.
In other news, insider Surendralal Lanca Karsanbhai sold 9,070 shares of the firm’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $68.00, for a total transaction of $616,760.00. Following the completion of the transaction, the insider now directly owns 20,000 shares of the company’s stock, valued at approximately $1,360,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.07% of the stock is currently owned by corporate insiders.
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About Emerson Electric
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
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