Alerus Financial NA raised its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,333 shares of the industrial products company’s stock after acquiring an additional 1,486 shares during the period. Emerson Electric makes up 1.0% of Alerus Financial NA’s holdings, making the stock its 23rd largest position. Alerus Financial NA’s holdings in Emerson Electric were worth $6,234,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Community Financial Services Group LLC raised its stake in shares of Emerson Electric by 3.6% in the 4th quarter. Community Financial Services Group LLC now owns 113,893 shares of the industrial products company’s stock worth $6,805,000 after buying an additional 3,972 shares in the last quarter. Baldwin Brothers Inc. MA raised its stake in shares of Emerson Electric by 1.3% in the 4th quarter. Baldwin Brothers Inc. MA now owns 20,812 shares of the industrial products company’s stock worth $1,244,000 after buying an additional 262 shares in the last quarter. ETF Managers Group LLC raised its stake in shares of Emerson Electric by 18.3% in the 4th quarter. ETF Managers Group LLC now owns 1,949 shares of the industrial products company’s stock worth $116,000 after buying an additional 302 shares in the last quarter. CWM Advisors LLC raised its stake in shares of Emerson Electric by 17.3% in the 4th quarter. CWM Advisors LLC now owns 9,118 shares of the industrial products company’s stock worth $545,000 after buying an additional 1,343 shares in the last quarter. Finally, Wright Investors Service Inc. raised its stake in shares of Emerson Electric by 43.6% in the 4th quarter. Wright Investors Service Inc. now owns 26,710 shares of the industrial products company’s stock worth $1,596,000 after buying an additional 8,110 shares in the last quarter. 71.14% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Surendralal Lanca Karsanbhai sold 9,070 shares of Emerson Electric stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $68.00, for a total value of $616,760.00. Following the transaction, the insider now directly owns 20,000 shares in the company, valued at approximately $1,360,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.07% of the company’s stock.
Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, February 5th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.08. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Emerson Electric had a return on equity of 24.21% and a net margin of 12.83%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 EPS. As a group, research analysts expect that Emerson Electric Co. will post 3.7 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Friday, February 15th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Thursday, February 14th. Emerson Electric’s payout ratio is 57.99%.
A number of analysts have recently commented on the company. Morgan Stanley set a $77.00 price objective on Emerson Electric and gave the stock a “buy” rating in a research note on Friday, February 8th. Credit Suisse Group boosted their price objective on Emerson Electric from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 6th. Cowen reissued a “buy” rating and issued a $81.00 price objective on shares of Emerson Electric in a research note on Tuesday, February 5th. Citigroup raised Emerson Electric from a “sell” rating to a “neutral” rating and set a $66.00 price objective on the stock in a research note on Monday, January 14th. Finally, Zacks Investment Research raised Emerson Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, January 8th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Emerson Electric has an average rating of “Buy” and an average price target of $76.28.
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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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