Emerson Electric Company (NYSE:EMR) Position Maintained by Marble Harbor Investment Counsel LLC
Marble Harbor Investment Counsel LLC maintained its position in shares of Emerson Electric Company (NYSE:EMR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,893 shares of the industrial products company’s stock at the end of the first quarter. Marble Harbor Investment Counsel LLC’s holdings in Emerson Electric were worth $2,627,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. GLG LLC purchased a new position in Emerson Electric during the fourth quarter worth about $2,042,000. Wexford Capital LP bought a new stake in shares of Emerson Electric during the fourth quarter worth $212,000. Janus Capital Management LLC raised its stake in shares of Emerson Electric by 3.8% in the fourth quarter. Janus Capital Management LLC now owns 716,834 shares of the industrial products company’s stock worth $39,963,000 after buying an additional 26,054 shares during the last quarter. Moloney Securities Asset Management LLC bought a new stake in shares of Emerson Electric during the fourth quarter worth $548,000. Finally, Intellectus Partners LLC bought a new stake in shares of Emerson Electric during the fourth quarter worth $488,000. Institutional investors own 69.06% of the company’s stock.
Shares of Emerson Electric Company (EMR) traded down 0.39% during midday trading on Monday, hitting $60.91. 2,694,213 shares of the stock traded hands. The company’s 50 day moving average price is $59.79 and its 200-day moving average price is $59.74. Emerson Electric Company has a 12-month low of $49.22 and a 12-month high of $64.36. The stock has a market cap of $39.21 billion, a price-to-earnings ratio of 27.18 and a beta of 1.20.
Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.68 EPS for the quarter, meeting analysts’ consensus estimates of $0.68. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.99 billion. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 earnings per share. On average, equities research analysts expect that Emerson Electric Company will post $2.61 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 11th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Wednesday, August 9th. Emerson Electric’s payout ratio is 85.33%.
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Several equities research analysts recently commented on the stock. Cowen and Company reissued a “hold” rating and set a $62.00 price objective on shares of Emerson Electric in a research note on Tuesday, May 2nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $67.00 target price (up from $65.00) on shares of Emerson Electric in a report on Monday, May 15th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $62.00 target price on shares of Emerson Electric in a report on Tuesday, June 6th. TheStreet raised shares of Emerson Electric from a “c+” rating to a “b” rating in a report on Thursday, May 4th. Finally, BidaskClub cut shares of Emerson Electric from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $57.48.
About Emerson Electric
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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