Flossbach Von Storch AG Has $12,145,000 Stake in Emerson Electric Co. (EMR)
Flossbach Von Storch AG reduced its position in Emerson Electric Co. (NYSE:EMR) by 91.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 232,850 shares of the company’s stock after selling 2,577,621 shares during the period. Flossbach Von Storch AG’s holdings in Emerson Electric were worth $12,145,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in EMR. Bank of Montreal Can acquired a new position in Emerson Electric during the second quarter valued at approximately $43,563,000. AXA boosted its position in Emerson Electric by 46.5% in the first quarter. AXA now owns 1,584,042 shares of the company’s stock valued at $86,140,000 after buying an additional 502,533 shares during the period. Sasco Capital Inc. CT boosted its position in Emerson Electric by 22.4% in the first quarter. Sasco Capital Inc. CT now owns 2,469,653 shares of the company’s stock valued at $134,300,000 after buying an additional 452,303 shares during the period. Seminole Management Co. Inc. acquired a new position in Emerson Electric during the second quarter valued at approximately $20,838,000. Finally, Geode Capital Management LLC boosted its position in Emerson Electric by 4.4% in the first quarter. Geode Capital Management LLC now owns 5,526,822 shares of the company’s stock valued at $299,972,000 after buying an additional 233,873 shares during the period. Hedge funds and other institutional investors own 69.40% of the company’s stock.
Emerson Electric Co. (NYSE:EMR) traded down 1.29% during trading on Friday, hitting $52.70. The company had a trading volume of 4,069,353 shares. The company has a market capitalization of $33.91 billion, a price-to-earnings ratio of 18.66 and a beta of 1.19. The firm has a 50-day moving average of $52.70 and a 200 day moving average of $53.43. Emerson Electric Co. has a 12-month low of $41.25 and a 12-month high of $56.82.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.80 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by $0.04. The company earned $5.10 billion during the quarter, compared to analyst estimates of $5.34 billion. Emerson Electric had a net margin of 8.96% and a return on equity of 24.63%. On average, equities research analysts forecast that Emerson Electric Co. will post $2.92 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 12th were paid a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Wednesday, August 10th. Emerson Electric’s dividend payout ratio is 67.38%.
Several equities analysts have recently commented on EMR shares. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Emerson Electric in a research note on Wednesday, June 22nd. Bank of America Corp. reiterated a “sell” rating on shares of Emerson Electric in a research note on Wednesday, June 22nd. Robert W. Baird reiterated a “neutral” rating and set a $58.00 target price on shares of Emerson Electric in a research note on Monday, June 27th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Emerson Electric in a research note on Monday, June 27th. Finally, Credit Suisse Group AG reiterated a “buy” rating on shares of Emerson Electric in a research note on Sunday, July 10th. Eight research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $51.91.
Emerson Electric Company Profile
Emerson Electric Co is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.
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