Emerson Electric Company (EMR) is John G Ullman & Associates Inc.’s 4th Largest Position
John G Ullman & Associates Inc. boosted its stake in Emerson Electric Company (NYSE:EMR) by 9.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 328,745 shares of the industrial products company’s stock after acquiring an additional 28,463 shares during the period. Emerson Electric comprises approximately 3.9% of John G Ullman & Associates Inc.’s portfolio, making the stock its 4th largest position. John G Ullman & Associates Inc. owned approximately 0.05% of Emerson Electric worth $19,600,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in EMR. Central Bank & Trust Co. raised its holdings in shares of 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 shares of Emerson Electric in the first quarter valued at about $127,000. Harbour Capital Advisors LLC purchased a new stake in shares of Emerson Electric in the first quarter valued at about $147,000. Guardian Life Insurance Co. of America raised its holdings in shares of 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 shares of Emerson Electric in the second quarter valued at about $150,000. 70.19% of the stock is owned by hedge funds and other institutional investors.
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In other Emerson Electric news, insider Robert T. Sharp sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $58.99, for a total transaction of $117,980.00. Following the transaction, the insider now owns 64,290 shares of the company’s stock, valued at approximately $3,792,467.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.79% of the stock is currently owned by company insiders.
Emerson Electric Company (EMR) opened at 60.21 on Friday. The stock’s 50 day moving average is $59.44 and its 200-day moving average is $59.52. Emerson Electric Company has a 52 week low of $49.22 and a 52 week high of $64.36. The firm has a market capitalization of $38.54 billion, a price-to-earnings ratio of 26.87 and a beta of 1.18.
Emerson Electric (NYSE:EMR) last released its 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 firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.99 billion. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. Emerson Electric’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the company earned $0.68 EPS. On average, equities research analysts expect that Emerson Electric Company will post $2.61 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 11th will be paid 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 3.19%. Emerson Electric’s payout ratio is 85.33%.
A number of equities research analysts have recently commented on the stock. BidaskClub cut shares of Emerson Electric from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Berenberg Bank reaffirmed a “sell” rating and issued a $53.00 target price on shares of Emerson Electric in a report on Friday, August 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $62.00 target price (up from $61.00) on shares of Emerson Electric in a report on Wednesday, August 2nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $68.00 target price on shares of Emerson Electric in a report on Wednesday, July 19th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Emerson Electric in a report on Tuesday, July 11th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $60.52.
Emerson Electric Company Profile
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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