Emerson Electric Company (EMR) Shares Bought by Axa
Axa increased its stake in Emerson Electric Company (NYSE:EMR) by 21.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 454,037 shares of the industrial products company’s stock after buying an additional 81,032 shares during the period. Axa owned 0.07% of Emerson Electric worth $27,179,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Macquarie Group Ltd. boosted its position in shares of Emerson Electric by 33.2% in the fourth quarter. Macquarie Group Ltd. now owns 35,300 shares of the industrial products company’s stock worth $1,968,000 after buying an additional 8,800 shares in the last quarter. First Command Financial Services Inc. boosted its position in shares of Emerson Electric by 18.9% in the first quarter. First Command Financial Services Inc. now owns 1,935 shares of the industrial products company’s stock worth $116,000 after buying an additional 307 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Emerson Electric during the first quarter worth about $323,000. Tompkins Financial Corp boosted its position in shares of Emerson Electric by 144.3% in the first quarter. Tompkins Financial Corp now owns 17,393 shares of the industrial products company’s stock worth $946,000 after buying an additional 10,273 shares in the last quarter. Finally, Iowa State Bank boosted its position in shares of Emerson Electric by 3.5% in the first quarter. Iowa State Bank now owns 68,075 shares of the industrial products company’s stock worth $4,075,000 after buying an additional 2,315 shares in the last quarter. 69.42% of the stock is currently owned by institutional investors and hedge funds.
Shares of Emerson Electric Company (NYSE:EMR) traded down 0.43% during mid-day trading on Wednesday, reaching $58.57. 419,179 shares of the company were exchanged. The stock has a market capitalization of $37.49 billion, a P/E ratio of 26.14 and a beta of 1.20. Emerson Electric Company has a 12 month low of $49.22 and a 12 month high of $64.36. The firm has a 50-day moving average price of $59.80 and a 200 day moving average price of $59.82.
Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.68. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. The firm had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same quarter last year, the business earned $0.68 EPS. The company’s revenue was up 9.9% compared to the same quarter last year. Equities research analysts anticipate that Emerson Electric Company will post $2.61 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 11th will be issued a dividend of $0.48 per share. The ex-dividend date is Wednesday, August 9th. This represents a $1.92 annualized dividend and a yield of 3.26%. Emerson Electric’s payout ratio is 85.33%.
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A number of equities analysts have issued reports on the stock. JMP Securities assumed coverage on shares of Emerson Electric in a report on Monday, June 19th. They issued an “outperform” rating and a $70.00 target price on the stock. Cowen and Company reissued a “hold” rating and issued a $62.00 target price on shares of Emerson Electric in a report on Tuesday, May 2nd. BidaskClub raised shares of Emerson Electric from a “sell” rating to a “hold” rating in a report on Friday, June 16th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $62.00 target price (up previously from $61.00) on shares of Emerson Electric in a report on Wednesday, August 2nd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $68.00 target price on shares of Emerson Electric in a report on Wednesday, July 19th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $59.23.
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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