Emerson Electric Company (EMR) Shares Sold by Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P.
Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. lessened its stake in shares of Emerson Electric Company (NYSE:EMR) by 1.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,265 shares of the company’s stock after selling 410 shares during the period. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P.’s holdings in Emerson Electric were worth $1,447,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. purchased a new stake in Emerson Electric during the 1st quarter worth approximately $127,000. AT Bancorp purchased a new stake in shares of Emerson Electric in the 2nd quarter valued at $139,000. Harbour Capital Advisors LLC purchased a new stake in shares of Emerson Electric in the 1st quarter valued at $147,000. Guardian Life Insurance Co. of America boosted its holdings 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 company’s stock valued at $149,000 after acquiring an additional 28 shares during the last quarter. Finally, Perkins Coie Trust Co purchased a new stake in shares of Emerson Electric in the 2nd quarter valued at $150,000. 70.18% of the stock is currently owned by institutional investors.
In related news, insider Robert T. Sharp sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of C$58.99, for a total value of C$117,980.00. Following the sale, the insider now owns 64,290 shares of the company’s stock, valued at C$3,792,467.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.79% of the stock is owned by company insiders.
Several equities analysts recently issued reports on the stock. Cowen and Company upgraded shares of Emerson Electric from a “market perform” rating to an “outperform” rating in a research note on Tuesday, October 17th. Zacks Investment Research cut shares of Emerson Electric from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Robert W. Baird reiterated a “hold” rating and issued a $70.00 target price on shares of Emerson Electric in a research note on Friday. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $62.00 target price (up from $61.00) on shares of Emerson Electric in a research note on Wednesday, August 2nd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $72.00 target price (up from $68.00) on shares of Emerson Electric in a research note on Thursday. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of C$65.14.
Emerson Electric Company (NYSE:EMR) opened at C$61.61 on Monday. The company has a quick ratio of 1.30, a current ratio of 1.64 and a debt-to-equity ratio of 0.43. Emerson Electric Company has a 12 month low of C$53.92 and a 12 month high of C$67.79. The company has a market cap of $39,431.61, a P/E ratio of 23.88, a PEG ratio of 2.81 and a beta of 1.24.
Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, November 7th. The company reported C$0.83 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.83. The firm had revenue of C$4.44 billion for the quarter, compared to analysts’ expectations of C$4.43 billion. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.74 earnings per share. sell-side analysts expect that Emerson Electric Company will post 2.9 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be issued a $0.485 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date is Thursday, November 16th. This represents a $1.94 annualized dividend and a yield of 3.15%. Emerson Electric’s dividend payout ratio (DPR) is 81.70%.
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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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