Silvercrest Asset Management Group LLC cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 565,771 shares of the industrial products company’s stock after selling 2,300 shares during the quarter. Silvercrest Asset Management Group LLC owned approximately 0.09% of Emerson Electric worth $37,748,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Emerson Electric by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 47,199,698 shares of the industrial products company’s stock valued at $3,149,164,000 after acquiring an additional 261,666 shares during the period. Private Advisor Group LLC grew its stake in shares of Emerson Electric by 141.3% during the 2nd quarter. Private Advisor Group LLC now owns 124,384 shares of the industrial products company’s stock valued at $8,294,000 after acquiring an additional 72,828 shares during the period. AMP Capital Investors Ltd grew its stake in shares of Emerson Electric by 2.7% during the 2nd quarter. AMP Capital Investors Ltd now owns 366,121 shares of the industrial products company’s stock valued at $24,202,000 after acquiring an additional 9,468 shares during the period. Holocene Advisors LP grew its stake in shares of Emerson Electric by 13.6% during the 2nd quarter. Holocene Advisors LP now owns 644,130 shares of the industrial products company’s stock valued at $42,976,000 after acquiring an additional 77,351 shares during the period. Finally, National Pension Service grew its stake in shares of Emerson Electric by 7.4% during the 2nd quarter. National Pension Service now owns 722,536 shares of the industrial products company’s stock valued at $48,208,000 after acquiring an additional 49,905 shares during the period. Institutional investors own 70.52% of the company’s stock.
A number of research analysts recently issued reports on the company. Deutsche Bank cut their price objective on Emerson Electric from $74.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Barclays reissued a “hold” rating and issued a $65.00 price target on shares of Emerson Electric in a report on Wednesday, September 4th. Citigroup lowered their price target on Emerson Electric from $79.00 to $77.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Argus cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, Zacks Investment Research cut Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price target on the stock. in a report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $72.29.
In other news, VP Bell Katherine Button sold 4,470 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $65.00, for a total transaction of $290,550.00. Following the sale, the vice president now directly owns 18,040 shares of the company’s stock, valued at approximately $1,172,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.07% of the stock is owned by corporate insiders.
NYSE EMR traded down $0.55 during trading hours on Wednesday, reaching $64.40. The company’s stock had a trading volume of 105,718 shares, compared to its average volume of 2,730,763. The firm’s 50-day moving average price is $60.68 and its 200-day moving average price is $65.33. The company has a quick ratio of 0.85, a current ratio of 1.18 and a debt-to-equity ratio of 0.49. Emerson Electric Co. has a 1 year low of $55.38 and a 1 year high of $79.70. The company has a market capitalization of $40.32 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 2.20 and a beta of 1.35.
Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.94 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.94. Emerson Electric had a return on equity of 24.67% and a net margin of 12.06%. The company had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.82 billion. During the same period in the previous year, the firm earned $1.12 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. Equities research analysts anticipate that Emerson Electric Co. will post 3.64 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.96 annualized dividend and a dividend yield of 3.04%. Emerson Electric’s dividend payout ratio (DPR) is 57.99%.
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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