Emerson Electric Company (EMR) Holdings Trimmed by WINTON GROUP Ltd
WINTON GROUP Ltd trimmed its position in Emerson Electric Company (NYSE:EMR) by 93.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,131 shares of the industrial products company’s stock after selling 229,147 shares during the quarter. WINTON GROUP Ltd’s holdings in Emerson Electric were worth $1,021,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Intellectus Partners LLC boosted its holdings in Emerson Electric by 0.3% in the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 7 shares during the last quarter. Washington Trust Bank lifted its holdings in shares of Emerson Electric by 0.4% in the 2nd quarter. Washington Trust Bank now owns 4,040 shares of the industrial products company’s stock worth $241,000 after acquiring an additional 16 shares during the last quarter. RB Capital Management LLC lifted its holdings in shares of Emerson Electric by 0.6% in the 2nd quarter. RB Capital Management LLC now owns 4,475 shares of the industrial products company’s stock worth $267,000 after acquiring an additional 26 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Emerson Electric by 0.5% in the 2nd quarter. Parallel Advisors LLC now owns 4,892 shares of the industrial products company’s stock worth $292,000 after acquiring an additional 26 shares during the last quarter. Finally, Guardian Life Insurance Co. of America lifted 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 industrial products company’s stock worth $149,000 after acquiring an additional 28 shares during the last quarter. Institutional investors own 69.00% of the company’s stock.
Several equities analysts have recently commented on the stock. J P Morgan Chase & Co assumed coverage on shares of Emerson Electric in a report on Wednesday, November 29th. They issued a “neutral” rating on the stock. BidaskClub lowered shares of Emerson Electric from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Citigroup set a $61.00 price objective on shares of Emerson Electric and gave the stock a “sell” rating in a report on Tuesday, November 28th. Berenberg Bank restated a “sell” rating and issued a $53.00 price objective on shares of Emerson Electric in a report on Friday, August 11th. Finally, Zacks Investment Research upgraded shares of Emerson Electric from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. Emerson Electric has a consensus rating of “Hold” and a consensus price target of $65.14.
Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, hitting the consensus estimate of $0.83. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The firm had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.43 billion. During the same period in the prior year, the firm earned $0.74 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. analysts predict that Emerson Electric Company will post 2.91 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be paid a dividend of $0.485 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. This represents a $1.94 annualized dividend and a yield of 3.00%. The ex-dividend date is Thursday, November 16th. Emerson Electric’s dividend payout ratio 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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