Emerson Electric Co. (EMR) Position Reduced by Strategic Wealth Advisors Group LLC
Strategic Wealth Advisors Group LLC trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 15,499 shares of the industrial products company’s stock after selling 228 shares during the period. Strategic Wealth Advisors Group LLC’s holdings in Emerson Electric were worth $1,082,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of EMR. Massey Quick Simon & CO. LLC purchased a new position in shares of Emerson Electric in the 4th quarter worth about $30,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Emerson Electric in the 1st quarter worth about $34,000. Norway Savings Bank boosted its holdings in shares of Emerson Electric by 60.1% in the 4th quarter. Norway Savings Bank now owns 533 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 200 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new position in shares of Emerson Electric in the 4th quarter worth about $36,000. Finally, Legacy Advisors LLC purchased a new position in shares of Emerson Electric in the 1st quarter worth about $41,000. Institutional investors and hedge funds own 73.06% of the company’s stock.
A number of research firms have recently issued reports on EMR. Citigroup raised Emerson Electric from a “neutral” rating to a “buy” rating and increased their target price for the stock from $67.00 to $81.00 in a research report on Monday, April 8th. Zacks Investment Research upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research note on Tuesday, April 2nd. Morgan Stanley set a $77.00 target price on Emerson Electric and gave the company a “buy” rating in a research note on Friday, February 8th. Cowen reiterated a “buy” rating and set a $81.00 target price on shares of Emerson Electric in a research note on Tuesday, February 5th. Finally, Credit Suisse Group raised their price target on Emerson Electric from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 6th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $76.41.
Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.84. Emerson Electric had a return on equity of 24.63% and a net margin of 12.81%. The firm had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same period last year, the business posted $0.76 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities research analysts expect that Emerson Electric Co. will post 3.66 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be issued a $0.49 dividend. The ex-dividend date is Thursday, May 16th. This represents a $1.96 dividend on an annualized basis and a yield of 3.01%. Emerson Electric’s dividend payout ratio is currently 57.99%.
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Emerson Electric Profile
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
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