Wealthsource Partners LLC acquired a new stake in Emerson Electric Co. (NYSE:EMR) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,811 shares of the industrial products company’s stock, valued at approximately $214,000.
Several other large investors also recently added to or reduced their stakes in the company. Homrich & Berg grew its position in Emerson Electric by 4.5% in the 3rd quarter. Homrich & Berg now owns 3,252 shares of the industrial products company’s stock valued at $217,000 after purchasing an additional 139 shares during the period. Fiera Capital Corp boosted its holdings in Emerson Electric by 2.5% during the 4th quarter. Fiera Capital Corp now owns 5,782 shares of the industrial products company’s stock worth $441,000 after acquiring an additional 141 shares during the last quarter. Coastline Trust Co boosted its holdings in Emerson Electric by 0.4% during the 4th quarter. Coastline Trust Co now owns 34,235 shares of the industrial products company’s stock worth $2,611,000 after acquiring an additional 145 shares during the last quarter. Marble Harbor Investment Counsel LLC boosted its holdings in Emerson Electric by 0.3% during the 3rd quarter. Marble Harbor Investment Counsel LLC now owns 45,336 shares of the industrial products company’s stock worth $3,031,000 after acquiring an additional 150 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. boosted its holdings in Emerson Electric by 2.2% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 6,890 shares of the industrial products company’s stock worth $525,000 after acquiring an additional 150 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.
In related news, insider Robert T. Sharp sold 7,000 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $76.13, for a total value of $532,910.00. Following the transaction, the insider now directly owns 131,315 shares of the company’s stock, valued at approximately $9,997,010.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by insiders.
A number of equities analysts have issued reports on EMR shares. Deutsche Bank cut their price objective on shares of Emerson Electric from $82.00 to $81.00 and set a “buy” rating on the stock in a report on Wednesday, December 4th. Credit Suisse Group raised shares of Emerson Electric from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Cowen reaffirmed a “hold” rating and set a $74.00 price objective on shares of Emerson Electric in a report on Tuesday, February 4th. ValuEngine downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Monday, November 25th. Finally, Stephens reaffirmed a “buy” rating and set a $86.00 price objective on shares of Emerson Electric in a report on Monday, December 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $77.08.
Shares of NYSE:EMR traded down $2.59 during midday trading on Friday, reaching $62.14. The company had a trading volume of 7,721,439 shares, compared to its average volume of 3,621,024. The company’s 50 day moving average price is $72.44 and its 200 day moving average price is $70.36. The company has a current ratio of 1.13, a quick ratio of 0.81 and a debt-to-equity ratio of 0.47. The stock has a market cap of $39.60 billion, a P/E ratio of 17.75, a P/E/G ratio of 2.15 and a beta of 1.38. Emerson Electric Co. has a 52-week low of $55.98 and a 52-week high of $78.38.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $0.67 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.67. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.16 billion. Emerson Electric had a net margin of 11.79% and a return on equity of 25.55%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 EPS. Research analysts forecast that Emerson Electric Co. will post 3.68 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Friday, February 14th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Thursday, February 13th. Emerson Electric’s dividend payout ratio (DPR) is currently 54.20%.
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.
