Bradley Foster & Sargent Inc. CT decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 8.4% in the 1st quarter, Holdings Channel reports. The firm owned 52,234 shares of the industrial products company’s stock after selling 4,768 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Emerson Electric were worth $3,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also added to or reduced their stakes in the business. Pinnacle Financial Partners Inc. increased its stake in Emerson Electric by 4.4% during the first quarter. Pinnacle Financial Partners Inc. now owns 144,498 shares of the industrial products company’s stock valued at $9,894,000 after purchasing an additional 6,064 shares during the last quarter. Candriam Luxembourg S.C.A. increased its stake in Emerson Electric by 63.1% during the first quarter. Candriam Luxembourg S.C.A. now owns 545,699 shares of the industrial products company’s stock valued at $37,366,000 after purchasing an additional 211,102 shares during the last quarter. Community Bank N.A. increased its stake in Emerson Electric by 3.7% during the first quarter. Community Bank N.A. now owns 41,580 shares of the industrial products company’s stock valued at $2,847,000 after purchasing an additional 1,487 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Emerson Electric by 4.0% during the first quarter. Robeco Institutional Asset Management B.V. now owns 405,384 shares of the industrial products company’s stock valued at $27,757,000 after purchasing an additional 15,454 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new stake in Emerson Electric during the first quarter valued at $210,000. Hedge funds and other institutional investors own 73.06% of the company’s stock.
EMR has been the subject of several recent research reports. Citigroup upgraded shares of Emerson Electric from a “neutral” rating to a “buy” rating and boosted their target price for the company from $67.00 to $81.00 in a research note on Monday, April 8th. Zacks Investment Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Tuesday, April 2nd. Morgan Stanley set a $77.00 target price on shares of Emerson Electric and gave the company a “buy” rating in a research note on Friday, February 8th. Cowen restated a “buy” rating and set a $81.00 price target on shares of Emerson Electric in a research report on Tuesday, February 5th. Finally, Credit Suisse Group upped their price target on shares of Emerson Electric from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 6th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $76.41.
Emerson Electric stock opened at $65.15 on Wednesday. The stock has a market cap of $39.73 billion, a PE ratio of 19.28, a PEG ratio of 2.06 and a beta of 1.23. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 0.76. Emerson Electric Co. has a one year low of $55.38 and a one year high of $79.70.
Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $0.84 earnings per share for the quarter, hitting the consensus estimate of $0.84. The business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.64 billion. Emerson Electric had a net margin of 12.81% and a return on equity of 24.63%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.76 earnings per share. Equities research analysts predict that Emerson Electric Co. will post 3.66 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Thursday, May 16th. Emerson Electric’s payout ratio is currently 57.99%.
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Emerson Electric Company Profile
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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