ST Germain D J Co. Inc. lowered its stake in shares of Emerson Electric Co. (NYSE:EMR) by 4.0% in the first quarter, HoldingsChannel.com reports. The firm owned 19,603 shares of the industrial products company’s stock after selling 810 shares during the period. ST Germain D J Co. Inc.’s holdings in Emerson Electric were worth $1,342,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of EMR. Garner Asset Management Corp raised its holdings in shares of Emerson Electric by 2.2% in the 1st quarter. Garner Asset Management Corp now owns 6,434 shares of the industrial products company’s stock valued at $441,000 after purchasing an additional 139 shares in the last quarter. Ropes Wealth Advisors LLC raised its holdings in shares of Emerson Electric by 1.2% in the 1st quarter. Ropes Wealth Advisors LLC now owns 12,197 shares of the industrial products company’s stock valued at $835,000 after purchasing an additional 146 shares in the last quarter. Howe & Rusling Inc. raised its holdings in shares of Emerson Electric by 4.1% in the 4th quarter. Howe & Rusling Inc. now owns 3,876 shares of the industrial products company’s stock valued at $232,000 after purchasing an additional 152 shares in the last quarter. Pathway Financial Advisors LLC raised its holdings in shares of Emerson Electric by 3.3% in the 1st quarter. Pathway Financial Advisors LLC now owns 4,758 shares of the industrial products company’s stock valued at $326,000 after purchasing an additional 153 shares in the last quarter. Finally, Orca Investment Management LLC raised its holdings in shares of Emerson Electric by 2.8% in the 4th quarter. Orca Investment Management LLC now owns 5,692 shares of the industrial products company’s stock valued at $340,000 after purchasing an additional 156 shares in the last quarter. 73.06% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently commented on EMR. Zacks Investment Research lowered shares of Emerson Electric from a “hold” rating to a “sell” rating in a research note on Tuesday, April 30th. Citigroup raised shares of Emerson Electric from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $67.00 to $81.00 in a research report on Monday, April 8th. Credit Suisse Group raised their price objective 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. Morgan Stanley set a $77.00 price objective on shares of Emerson Electric and gave the stock a “buy” rating in a research report on Friday, February 8th. Finally, Cowen reissued a “buy” rating and set a $81.00 price objective on shares of Emerson Electric in a research report on Tuesday, February 5th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $76.41.
Shares of NYSE:EMR opened at $65.15 on Thursday. The stock has a market capitalization 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 current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.44. Emerson Electric Co. has a fifty-two week low of $55.38 and a fifty-two week high of $79.70.
Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, May 7th. The industrial products company reported $0.84 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.84. The business had revenue of $4.57 billion for 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 business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 earnings per share. On average, equities analysts predict that Emerson Electric Co. will post 3.66 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Thursday, May 16th. Emerson Electric’s payout ratio is 57.99%.
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Emerson Electric 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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