Parametrica Management Ltd Takes Position in Emerson Electric Company (EMR)
Parametrica Management Ltd purchased a new position in Emerson Electric Company (NYSE:EMR) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,591 shares of the industrial products company’s stock, valued at approximately $226,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Emerson Electric by 1.1% in the second quarter. Vanguard Group Inc. now owns 44,195,877 shares of the industrial products company’s stock worth $2,634,958,000 after purchasing an additional 497,625 shares in the last quarter. BlackRock Inc. lifted its position in shares of Emerson Electric by 1.9% in the second quarter. BlackRock Inc. now owns 40,954,867 shares of the industrial products company’s stock worth $2,441,728,000 after purchasing an additional 778,791 shares in the last quarter. Longview Partners Guernsey LTD lifted its position in shares of Emerson Electric by 4.4% in the second quarter. Longview Partners Guernsey LTD now owns 12,624,050 shares of the industrial products company’s stock worth $752,646,000 after purchasing an additional 526,712 shares in the last quarter. Capital World Investors lifted its position in shares of Emerson Electric by 4.6% in the second quarter. Capital World Investors now owns 11,450,000 shares of the industrial products company’s stock worth $682,649,000 after purchasing an additional 500,000 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Emerson Electric by 4.3% in the second quarter. Wells Fargo & Company MN now owns 10,532,262 shares of the industrial products company’s stock worth $627,933,000 after purchasing an additional 432,753 shares in the last quarter. 69.00% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently issued reports on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $75.00 price target on shares of Emerson Electric in a research report on Monday. Goldman Sachs Group reissued a “neutral” rating and issued a $66.00 price target on shares of Emerson Electric in a research report on Friday, December 8th. Cowen restated a “buy” rating and issued a $72.00 price objective on shares of Emerson Electric in a report on Wednesday, December 6th. J P Morgan Chase & Co started coverage on Emerson Electric in a report on Wednesday, November 29th. They issued a “neutral” rating on the stock. Finally, Citigroup set a $61.00 price objective on Emerson Electric and gave the stock a “sell” rating in a report on Tuesday, November 28th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $65.86.
Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, hitting analysts’ consensus estimates of $0.83. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The firm had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.43 billion. During the same quarter in the prior year, the company posted $0.74 earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. analysts expect that Emerson Electric Company will post 2.92 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Friday, November 17th were issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend was Thursday, November 16th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. Emerson Electric’s dividend payout ratio (DPR) is 82.55%.
In other Emerson Electric news, VP Frank J. Dellaquila sold 2,100 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total transaction of $136,017.00. Following the transaction, the vice president now owns 178,743 shares in the company, valued at $11,577,184.11. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Bell Katherine Button sold 7,909 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $64.78, for a total value of $512,345.02. Following the transaction, the vice president now owns 44,628 shares in the company, valued at approximately $2,891,001.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,017 shares of company stock worth $1,771,129. Corporate insiders own 0.79% of the company’s stock.
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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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