Emerson Electric Company (EMR) Position Trimmed by Security Asset Management
Security Asset Management decreased its position in shares of Emerson Electric Company (NYSE:EMR) by 10.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,892 shares of the industrial products company’s stock after selling 588 shares during the quarter. Security Asset Management’s holdings in Emerson Electric were worth $292,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Emerson Electric by 5.8% during the first quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock worth $2,615,777,000 after purchasing an additional 2,404,844 shares during the period. Bridgewater Associates LP bought a new stake in Emerson Electric during the first quarter worth about $351,000. Richard C. Young & CO. LTD. lifted its position in Emerson Electric by 28.9% during the first quarter. Richard C. Young & CO. LTD. now owns 30,166 shares of the industrial products company’s stock worth $1,806,000 after purchasing an additional 6,771 shares during the period. Benedict Financial Advisors Inc. lifted its position in Emerson Electric by 0.6% during the first 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. Finally, Lederer & Associates Investment Counsel CA lifted its position in Emerson Electric by 5.3% during the second quarter. Lederer & Associates Investment Counsel CA now owns 37,112 shares of the industrial products company’s stock worth $2,213,000 after purchasing an additional 1,875 shares during the period. 70.03% of the stock is owned by institutional investors and hedge funds.
Emerson Electric Company (EMR) opened at 63.44 on Friday. Emerson Electric Company has a one year low of $49.22 and a one year high of $64.36. The company has a 50-day moving average of $59.86 and a 200-day moving average of $59.57. The company has a market cap of $40.60 billion, a price-to-earnings ratio of 28.31 and a beta of 1.18.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.68 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.68. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same quarter in the previous year, the firm earned $0.68 earnings per share. Emerson Electric’s revenue was up 9.9% on a year-over-year basis. Equities research analysts expect that Emerson Electric Company will post $2.61 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 11th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.01%. The ex-dividend date was Wednesday, August 9th. Emerson Electric’s payout ratio is 85.33%.
EMR has been the subject of several recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $68.00 price objective on shares of Emerson Electric in a research report on Wednesday, July 19th. BidaskClub raised shares of Emerson Electric from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $62.00 price objective on shares of Emerson Electric in a research report on Tuesday, June 6th. JMP Securities initiated 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. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Emerson Electric in a research report on Tuesday, July 11th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $60.52.
In related news, insider Robert T. Sharp sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $58.99, for a total value of $117,980.00. Following the completion of the sale, the insider now owns 64,290 shares in the company, valued at approximately $3,792,467.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.79% of the stock is currently owned by insiders.
Emerson Electric 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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