Dupont Capital Management Corp Invests $306,000 in Emerson Electric Company (EMR)
Dupont Capital Management Corp purchased a new stake in Emerson Electric Company (NYSE:EMR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,139 shares of the industrial products company’s stock, valued at approximately $306,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of Emerson Electric in the 1st quarter valued at about $127,000. AT Bancorp acquired a new stake in shares of Emerson Electric in the 2nd quarter valued at about $139,000. Harbour Capital Advisors LLC acquired a new stake in shares of Emerson Electric in the 1st quarter valued at about $147,000. Guardian Life Insurance Co. of America raised its stake in shares of Emerson Electric by 1.1% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,491 shares of the industrial products company’s stock valued at $149,000 after purchasing an additional 28 shares during the period. Finally, Perkins Coie Trust Co acquired a new stake in shares of Emerson Electric in the 2nd quarter valued at about $150,000. 70.01% of the stock is currently owned by hedge funds and other institutional investors.
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Several analysts have issued reports on EMR shares. Stifel Nicolaus reissued a “buy” rating on shares of Emerson Electric in a research note on Thursday. Morgan Stanley reissued an “equal weight” rating and issued a $67.00 price target (up previously from $64.00) on shares of Emerson Electric in a research note on Monday, October 2nd. BidaskClub raised Emerson Electric from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. JMP Securities started coverage on Emerson Electric in a research note on Monday, June 19th. They issued an “outperform” rating and a $70.00 price target on the stock. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $62.00 price target (up previously from $61.00) on shares of Emerson Electric in a research note on Wednesday, August 2nd. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. Emerson Electric has a consensus rating of “Hold” and an average price target of $60.71.
In related news, insider Robert T. Sharp sold 2,000 shares of Emerson Electric stock in a transaction 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 approximately $3,792,467.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.79% of the company’s stock.
Shares of Emerson Electric Company (NYSE EMR) opened at 63.92 on Friday. The stock has a 50 day moving average of $61.78 and a 200-day moving average of $60.04. Emerson Electric Company has a 52-week low of $49.38 and a 52-week high of $64.36. The firm has a market capitalization of $40.91 billion, a P/E ratio of 28.52 and a beta of 1.22.
Emerson Electric (NYSE:EMR) last posted its 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 business 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%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 EPS. Equities analysts expect that Emerson Electric Company will post $2.60 earnings per share for the current fiscal year.
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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