Palo Capital Inc. Takes Position in Emerson Electric Company (EMR)

Palo Capital Inc. acquired a new stake in shares of Emerson Electric Company (NYSE:EMR) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,207 shares of the industrial products company’s stock, valued at approximately $671,000.

Several other institutional investors also recently modified their holdings of the stock. Somerset Trust Co raised its position in Emerson Electric Company by 2.2% in the first quarter. Somerset Trust Co now owns 21,828 shares of the industrial products company’s stock worth $1,306,000 after buying an additional 474 shares in the last quarter. Hamilton Point Investment Advisors LLC increased its stake in Emerson Electric Company by 2.3% in the third quarter. Hamilton Point Investment Advisors LLC now owns 42,112 shares of the industrial products company’s stock worth $2,296,000 after buying an additional 965 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in Emerson Electric Company by 1.0% in the third quarter. Brown Brothers Harriman & Co. now owns 50,215 shares of the industrial products company’s stock valued at $2,737,000 after buying an additional 500 shares in the last quarter. Klingenstein Fields & Co. LLC raised its position in Emerson Electric Company by 16.6% in the third quarter. Klingenstein Fields & Co. LLC now owns 351,017 shares of the industrial products company’s stock valued at $19,134,000 after buying an additional 49,992 shares during the last quarter. Finally, Thomaspartners Inc. raised its position in Emerson Electric Company by 7.3% in the third quarter. Thomaspartners Inc. now owns 1,450,117 shares of the industrial products company’s stock valued at $79,046,000 after buying an additional 98,911 shares during the last quarter. 69.82% of the stock is currently owned by institutional investors.

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

Shares of Emerson Electric Company (NYSE:EMR) traded up 1.15% during trading on Monday, hitting $61.38. The stock had a trading volume of 4,072,384 shares. The firm’s 50-day moving average is $59.22 and its 200 day moving average is $59.03. The firm has a market cap of $39.56 billion, a price-to-earnings ratio of 26.22 and a beta of 1.17. Emerson Electric Company has a 52-week low of $48.45 and a 52-week high of $64.36.

Emerson Electric Company (NYSE:EMR) last posted its earnings results on Tuesday, May 2nd. The industrial products company reported $0.58 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.58. Emerson Electric Company had a return on equity of 23.37% and a net margin of 8.72%. The business had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $3.49 billion. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The business’s revenue was down .1% compared to the same quarter last year. On average, analysts expect that Emerson Electric Company will post $2.60 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Friday, May 12th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date was Wednesday, May 10th. Emerson Electric Company’s dividend payout ratio (DPR) is currently 81.70%.

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A number of equities analysts have issued reports on EMR shares. TheStreet raised shares of Emerson Electric Company from a “c+” rating to a “b” rating in a report on Thursday, May 4th. Zacks Investment Research downgraded shares of Emerson Electric Company from a “buy” rating to a “hold” rating in a report on Friday, May 5th. HSBC Holdings plc upgraded Emerson Electric Company from a “reduce” rating to a “hold” rating and set a $55.00 price objective on the stock in a research note on Friday, March 3rd. Stifel Nicolaus reiterated a “buy” rating and set a $67.00 price target (up from $65.00) on shares of Emerson Electric Company in a research report on Monday, May 15th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $58.00 price objective on shares of Emerson Electric Company in a research report on Tuesday, April 11th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and two have issued a buy rating to the company. Emerson Electric Company currently has a consensus rating of “Hold” and a consensus price target of $55.57.

About Emerson Electric Company

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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