Emerson Electric Co. (EMR) Shares Sold by Capstone Asset Management Co.
Capstone Asset Management Co. cut its position in Emerson Electric Co. (NYSE:EMR) by 0.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 332,446 shares of the company’s stock after selling 450 shares during the period. Capstone Asset Management Co. owned approximately 0.05% of Emerson Electric worth $18,122,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. M&R Capital Management Inc. bought a new position in shares of Emerson Electric during the second quarter worth approximately $103,000. Arcadia Investment Management Corp MI raised its position in shares of Emerson Electric by 11.4% in the second quarter. Arcadia Investment Management Corp MI now owns 2,281 shares of the company’s stock worth $119,000 after buying an additional 234 shares during the last quarter. Americafirst Capital Management LLC bought a new position in shares of Emerson Electric during the second quarter worth approximately $128,000. Integrated Investment Consultants LLC raised its position in shares of Emerson Electric by 99.5% in the second quarter. Integrated Investment Consultants LLC now owns 2,530 shares of the company’s stock worth $132,000 after buying an additional 1,262 shares during the last quarter. Finally, TCI Wealth Advisors Inc. raised its position in shares of Emerson Electric by 90.6% in the second quarter. TCI Wealth Advisors Inc. now owns 2,524 shares of the company’s stock worth $132,000 after buying an additional 1,200 shares during the last quarter. 70.17% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Emerson Electric Co. (NYSE:EMR) traded down 0.18% on Tuesday, reaching $54.33. 966,778 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $51.98 and a 200-day moving average price of $52.79. The company has a market cap of $34.92 billion, a PE ratio of 21.56 and a beta of 1.14. Emerson Electric Co. has a 12-month low of $41.25 and a 12-month high of $56.82.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Friday, November 11th will be given a dividend of $0.48 per share. This is a boost from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $1.92 dividend on an annualized basis and a yield of 3.53%. Emerson Electric’s payout ratio is 76.19%.
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EMR has been the topic of a number of research analyst reports. Stifel Nicolaus decreased their price target on shares of Emerson Electric from $60.00 to $58.00 and set a “buy” rating on the stock in a report on Wednesday, August 3rd. Barclays PLC reduced their target price on shares of Emerson Electric from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 3rd. Deutsche Bank AG reaffirmed a “hold” rating on shares of Emerson Electric in a report on Thursday, September 15th. Morgan Stanley reaffirmed a “hold” rating and set a $50.00 target price on shares of Emerson Electric in a report on Monday, August 29th. Finally, Zacks Investment Research raised shares of Emerson Electric from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 19th. Seven equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company’s stock. Emerson Electric has an average rating of “Hold” and an average target price of $51.75.
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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