Resources Management Corp CT ADV Purchases New Position in Emerson Electric Co. (NYSE:EMR)

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Resources Management Corp CT ADV acquired a new position in Emerson Electric Co. (NYSE:EMR) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 27,846 shares of the industrial products company’s stock, valued at approximately $1,862,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Emerson Electric by 0.6% in the second quarter. Vanguard Group Inc. now owns 47,199,698 shares of the industrial products company’s stock worth $3,149,164,000 after buying an additional 261,666 shares in the last quarter. Longview Partners Guernsey LTD grew its position in Emerson Electric by 13.7% during the second quarter. Longview Partners Guernsey LTD now owns 16,863,972 shares of the industrial products company’s stock worth $1,125,164,000 after buying an additional 2,034,380 shares in the last quarter. Northern Trust Corp increased its stake in Emerson Electric by 0.4% in the 2nd quarter. Northern Trust Corp now owns 9,480,062 shares of the industrial products company’s stock worth $632,511,000 after acquiring an additional 36,921 shares during the last quarter. Morgan Stanley increased its stake in Emerson Electric by 41.3% in the 2nd quarter. Morgan Stanley now owns 6,534,287 shares of the industrial products company’s stock worth $435,968,000 after acquiring an additional 1,909,769 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Emerson Electric by 3.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,830,660 shares of the industrial products company’s stock valued at $322,302,000 after acquiring an additional 146,741 shares in the last quarter. 70.56% of the stock is owned by institutional investors.

A number of brokerages have recently issued reports on EMR. Citigroup lifted their price target on Emerson Electric from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Credit Suisse Group decreased their price objective on shares of Emerson Electric from $74.00 to $70.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Morgan Stanley lowered their target price on shares of Emerson Electric from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 9th. Deutsche Bank dropped their target price on shares of Emerson Electric from $82.00 to $81.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Stephens set a $71.00 price target on shares of Emerson Electric and gave the stock a “buy” rating in a research note on Monday, September 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $72.08.

In related news, CFO Frank J. Dellaquila sold 40,817 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $73.73, for a total transaction of $3,009,437.41. Following the transaction, the chief financial officer now directly owns 278,803 shares in the company, valued at approximately $20,556,145.19. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mark A. Blinn purchased 1,400 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was bought at an average cost of $73.11 per share, for a total transaction of $102,354.00. Following the completion of the purchase, the director now directly owns 2,413 shares in the company, valued at $176,414.43. The disclosure for this purchase can be found here. In the last quarter, insiders sold 56,565 shares of company stock worth $4,168,420. 0.07% of the stock is owned by corporate insiders.

NYSE EMR traded up $0.89 on Wednesday, reaching $73.50. 2,254,697 shares of the company’s stock traded hands, compared to its average volume of 2,525,852. Emerson Electric Co. has a 12 month low of $55.38 and a 12 month high of $75.54. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 0.88. The stock has a 50-day simple moving average of $72.02 and a 200 day simple moving average of $65.49. The stock has a market cap of $44.80 billion, a PE ratio of 19.92, a P/E/G ratio of 2.57 and a beta of 1.39.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.07 EPS for the quarter, hitting the consensus estimate of $1.07. The firm had revenue of $4.97 billion for the quarter, compared to the consensus estimate of $5.02 billion. Emerson Electric had a net margin of 12.55% and a return on equity of 26.32%. The business’s revenue was up 1.7% compared to the same quarter last year. During the same period last year, the firm posted $0.89 earnings per share. As a group, analysts anticipate that Emerson Electric Co. will post 3.63 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Thursday, November 14th. Emerson Electric’s dividend payout ratio is currently 54.20%.

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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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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