45,000 Shares in Emerson Electric Company (EMR) Acquired by Robecosam AG
Robecosam AG acquired a new position in shares of Emerson Electric Company (NYSE:EMR) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 45,000 shares of the industrial products company’s stock, valued at approximately $2,627,000.
Several other institutional investors also recently modified their holdings of the stock. Tower Research Capital LLC TRC acquired a new stake in shares of Emerson Electric during the 2nd quarter worth $109,000. Intellectus Partners LLC increased its holdings in shares of Emerson Electric by 0.3% during the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock worth $125,000 after buying an additional 7 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Emerson Electric during the 1st quarter worth $127,000. AT Bancorp acquired a new stake in shares of Emerson Electric during the 2nd quarter worth $139,000. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of Emerson Electric during the 1st quarter worth $147,000. Hedge funds and other institutional investors own 69.19% of the company’s stock.
EMR has been the subject of a number of research analyst reports. Berenberg Bank restated a “sell” rating and set a $53.00 price objective on shares of Emerson Electric in a report on Friday, August 11th. BidaskClub cut shares of Emerson Electric from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Morgan Stanley reaffirmed an “equal weight” rating and set a $67.00 price target (up from $64.00) on shares of Emerson Electric in a research report on Monday, October 2nd. Citigroup reaffirmed a “sell” rating and set a $61.00 price target (up from $58.00) on shares of Emerson Electric in a research report on Monday, October 9th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Emerson Electric in a research report on Thursday, October 12th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. Emerson Electric has an average rating of “Hold” and a consensus target price of $65.14.
Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, hitting the consensus estimate of $0.83. The firm had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.43 billion. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. Emerson Electric’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.74 earnings per share. analysts expect that Emerson Electric Company will post 2.91 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 17th will be paid a $0.485 dividend. The ex-dividend date is Thursday, November 16th. This represents a $1.94 annualized dividend and a dividend yield of 3.00%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.48. Emerson Electric’s dividend payout ratio (DPR) is presently 82.55%.
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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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