Sumitomo Mitsui Asset Management Company LTD boosted its stake in Emerson Electric Co. (NYSE:EMR) by 5.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,338 shares of the industrial products company’s stock after acquiring an additional 2,303 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Emerson Electric were worth $3,035,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. Ramsay Stattman Vela & Price Inc. boosted its holdings in Emerson Electric by 0.8% in the first quarter. Ramsay Stattman Vela & Price Inc. now owns 77,071 shares of the industrial products company’s stock valued at $5,277,000 after acquiring an additional 590 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Emerson Electric by 6.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 322,923 shares of the industrial products company’s stock valued at $22,111,000 after buying an additional 20,386 shares in the last quarter. Trillium Asset Management LLC bought a new stake in shares of Emerson Electric during the 1st quarter valued at $214,000. Alerus Financial NA boosted its holdings in shares of Emerson Electric by 9.6% during the 1st quarter. Alerus Financial NA now owns 114,315 shares of the industrial products company’s stock valued at $7,828,000 after buying an additional 9,982 shares in the last quarter. Finally, American International Group Inc. boosted its holdings in shares of Emerson Electric by 0.9% during the 1st quarter. American International Group Inc. now owns 456,570 shares of the industrial products company’s stock valued at $31,261,000 after buying an additional 4,202 shares in the last quarter. Institutional investors and hedge funds own 72.22% of the company’s stock.
Shares of EMR traded up $0.01 during trading hours on Friday, hitting $62.69. The company had a trading volume of 24,252 shares, compared to its average volume of 3,102,814. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 0.76. The firm has a market cap of $38.54 billion, a PE ratio of 18.54, a P/E/G ratio of 2.08 and a beta of 1.23. Emerson Electric Co. has a 52-week low of $55.38 and a 52-week high of $79.70.
Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.84. The firm had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.64 billion. Emerson Electric had a return on equity of 24.63% and a net margin of 12.81%. Emerson Electric’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 EPS. As a group, sell-side analysts anticipate that Emerson Electric Co. will post 3.66 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Thursday, May 16th. Emerson Electric’s dividend payout ratio is presently 57.99%.
A number of analysts have recently commented on EMR shares. Zacks Investment Research cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. Cowen restated a “buy” rating and set a $81.00 target price on shares of Emerson Electric in a report on Tuesday, February 5th. Morgan Stanley set a $77.00 target price on shares of Emerson Electric and gave the company a “buy” rating in a report on Friday, February 8th. Credit Suisse Group boosted their target price on shares of Emerson Electric from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, February 6th. Finally, 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 report on Monday, April 8th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Emerson Electric currently has a consensus rating of “Buy” and a consensus target price of $76.41.
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.
Further Reading: Liquidity
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