Archford Capital Strategies LLC Buys 10,264 Shares of Emerson Electric Company (EMR)
Archford Capital Strategies LLC boosted its stake in Emerson Electric Company (NYSE:EMR) by 296.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,726 shares of the industrial products company’s stock after acquiring an additional 10,264 shares during the period. Archford Capital Strategies LLC’s holdings in Emerson Electric were worth $822,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of EMR. Bridgewater Associates LP acquired a new position in Emerson Electric during the 1st quarter worth approximately $351,000. Benedict Financial Advisors Inc. increased its position in Emerson Electric by 0.6% during the 1st quarter. Benedict Financial Advisors Inc. now owns 46,836 shares of the industrial products company’s stock worth $2,804,000 after purchasing an additional 262 shares during the period. Pinnacle Financial Partners Inc. increased its position in Emerson Electric by 10.4% during the 1st quarter. Pinnacle Financial Partners Inc. now owns 61,784 shares of the industrial products company’s stock worth $3,698,000 after purchasing an additional 5,844 shares during the period. Princeton Alpha Management LP acquired a new position in Emerson Electric during the 1st quarter worth approximately $461,000. Finally, WINTON GROUP Ltd increased its position in Emerson Electric by 525.0% during the 1st quarter. WINTON GROUP Ltd now owns 246,278 shares of the industrial products company’s stock worth $13,425,000 after purchasing an additional 206,871 shares during the period. Hedge funds and other institutional investors own 70.19% of the company’s stock.
In other Emerson Electric news, insider Robert T. Sharp sold 2,000 shares of Emerson Electric stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $58.99, for a total value of $117,980.00. Following the transaction, the insider now owns 64,290 shares in the company, valued at $3,792,467.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.79% of the company’s stock.
EMR has been the topic of several recent analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a $62.00 target price (up previously from $61.00) on shares of Emerson Electric in a research report on Wednesday, August 2nd. Berenberg Bank reiterated a “sell” rating and set a $53.00 target price on shares of Emerson Electric in a research report on Friday, August 11th. JMP Securities initiated coverage on Emerson Electric in a research report on Monday, June 19th. They set an “outperform” rating and a $70.00 target price on the stock. Morgan Stanley reiterated an “overweight” rating on shares of Emerson Electric in a research report on Tuesday, July 11th. Finally, BidaskClub cut Emerson Electric from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $60.52.
Shares of Emerson Electric Company (NYSE EMR) traded up 0.53% during midday trading on Tuesday, hitting $61.23. The stock had a trading volume of 947,747 shares. The firm has a 50 day moving average of $59.42 and a 200-day moving average of $59.48. Emerson Electric Company has a one year low of $49.22 and a one year high of $64.36. The company has a market cap of $39.19 billion, a P/E ratio of 27.32 and a beta of 1.18.
Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.68. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.99 billion. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.68 earnings per share. On average, analysts forecast that Emerson Electric Company will post $2.61 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 11th were given a $0.48 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $1.92 annualized dividend and a yield of 3.15%. Emerson Electric’s dividend payout ratio (DPR) is 85.33%.
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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