GHP Investment Advisors Inc. boosted its position in shares of Emerson Electric Company (NYSE:EMR) by 5.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,317 shares of the industrial products company’s stock after buying an additional 788 shares during the period. GHP Investment Advisors Inc.’s holdings in Emerson Electric were worth $857,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in Emerson Electric during the fourth quarter worth approximately $269,944,000. American Century Companies Inc. boosted its stake in Emerson Electric by 19.4% in the first quarter. American Century Companies Inc. now owns 4,338,862 shares of the industrial products company’s stock worth $259,724,000 after buying an additional 705,924 shares during the period. UBS Asset Management Americas Inc. boosted its stake in Emerson Electric by 28.8% in the first quarter. UBS Asset Management Americas Inc. now owns 2,418,472 shares of the industrial products company’s stock worth $144,770,000 after buying an additional 540,927 shares during the period. APG Asset Management N.V. boosted its stake in Emerson Electric by 17.9% in the first quarter. APG Asset Management N.V. now owns 3,352,519 shares of the industrial products company’s stock worth $200,682,000 after buying an additional 510,160 shares during the period. Finally, Swiss National Bank boosted its stake in Emerson Electric by 27.1% in the first quarter. Swiss National Bank now owns 2,277,573 shares of the industrial products company’s stock worth $136,336,000 after buying an additional 485,200 shares during the period. Institutional investors own 69.42% of the company’s stock.
Shares of Emerson Electric Company (NYSE:EMR) traded down 0.15% during midday trading on Wednesday, hitting $59.32. The stock had a trading volume of 2,200,203 shares. The firm has a market cap of $37.97 billion, a price-to-earnings ratio of 26.47 and a beta of 1.20. Emerson Electric Company has a 52-week low of $49.22 and a 52-week high of $64.36. The firm’s 50 day moving average price is $59.88 and its 200 day moving average price is $59.83.
Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.68. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same quarter in the prior year, the company earned $0.68 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. On average, equities research analysts expect that Emerson Electric Company will post $2.61 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 11th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Wednesday, August 9th. Emerson Electric’s dividend payout ratio is currently 85.33%.
A number of analysts recently commented on EMR shares. TheStreet upgraded Emerson Electric from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. Stifel Nicolaus reissued a “buy” rating and set a $67.00 price target (up previously from $65.00) on shares of Emerson Electric in a report on Monday, May 15th. Zacks Investment Research lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, May 5th. JMP Securities began coverage on Emerson Electric in a report on Monday, June 19th. They set an “outperform” rating and a $70.00 price target for the company. Finally, Morgan Stanley reissued an “overweight” rating on shares of Emerson Electric in a report on Tuesday, July 11th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company. Emerson Electric presently has a consensus rating of “Hold” and an average target price of $58.14.
Emerson Electric Company Profile
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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