Howland Capital Management LLC Acquires 100 Shares of Emerson Electric Company (EMR)
Howland Capital Management LLC raised its position in shares of Emerson Electric Company (NYSE:EMR) by 0.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 16,082 shares of the industrial products company’s stock after buying an additional 100 shares during the period. Howland Capital Management LLC’s holdings in Emerson Electric were worth $959,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Central Bank & Trust Co. boosted its stake in Emerson Electric by 31.3% in the first quarter. Central Bank & Trust Co. now owns 2,100 shares of the industrial products company’s stock valued at $126,000 after buying an additional 500 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Emerson Electric during the first quarter valued at about $127,000. Harbour Capital Advisors LLC purchased a new stake in Emerson Electric during the first quarter valued at about $147,000. Guardian Life Insurance Co. of America boosted its stake in Emerson Electric by 1.1% in the first quarter. Guardian Life Insurance Co. of America now owns 2,491 shares of the industrial products company’s stock valued at $149,000 after buying an additional 28 shares during the last quarter. Finally, Perkins Coie Trust Co purchased a new stake in Emerson Electric during the second quarter valued at about $150,000. Institutional investors and hedge funds own 70.17% of the company’s stock.
Shares of Emerson Electric Company (NYSE:EMR) traded up 0.31% on Wednesday, reaching $58.53. 861,303 shares of the company’s stock traded hands. Emerson Electric Company has a 52 week low of $49.22 and a 52 week high of $64.36. The stock’s 50-day moving average price is $59.67 and its 200-day moving average price is $59.78. The stock has a market capitalization of $37.46 billion, a price-to-earnings ratio of 26.12 and a beta of 1.20.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.68 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate 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%. Emerson Electric’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 EPS. Equities analysts predict that Emerson Electric Company will post $2.61 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 11th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.29%. The ex-dividend date is Wednesday, August 9th. Emerson Electric’s dividend payout ratio is 85.33%.
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Several research firms recently issued reports on EMR. BidaskClub cut shares of Emerson Electric from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Stifel Nicolaus restated a “buy” rating and set a $68.00 price objective on shares of Emerson Electric in a research report on Wednesday, July 19th. Cowen and Company restated a “hold” rating and set a $62.00 price objective on shares of Emerson Electric in a research report on Tuesday, May 2nd. Morgan Stanley restated an “overweight” rating on shares of Emerson Electric in a research report on Tuesday, July 11th. Finally, JMP Securities began coverage on shares of Emerson Electric in a research report on Monday, June 19th. They set an “outperform” rating and a $70.00 price objective for the company. Three 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. The stock currently has an average rating of “Hold” and an average target price of $60.52.
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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