Emerson Electric Company (NYSE:EMR) VP Bell Katherine Button sold 7,518 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $66.36, for a total transaction of $498,894.48. Following the sale, the vice president now directly owns 36,877 shares of the company’s stock, valued at $2,447,157.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Bell Katherine Button also recently made the following trade(s):

  • On Thursday, November 30th, Bell Katherine Button sold 7,909 shares of Emerson Electric stock. The stock was sold at an average price of $64.78, for a total transaction of $512,345.02.

Emerson Electric Company (NYSE:EMR) traded up $0.26 on Wednesday, reaching $66.67. 2,756,300 shares of the company’s stock were exchanged, compared to its average volume of 3,429,770. The company has a current ratio of 1.64, a quick ratio of 1.30 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $42,623.25, a PE ratio of 25.74, a price-to-earnings-growth ratio of 3.12 and a beta of 1.24. Emerson Electric Company has a 52-week low of $55.40 and a 52-week high of $67.79.

Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.83. The firm had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.43 billion. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.74 earnings per share. sell-side analysts expect that Emerson Electric Company will post 2.92 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Friday, November 17th were paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 2.91%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, November 16th. Emerson Electric’s payout ratio is presently 82.55%.

Several research firms have recently commented on EMR. Goldman Sachs Group reissued a “neutral” rating and set a $66.00 target price on shares of Emerson Electric in a research report on Friday, December 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Emerson Electric in a research report on Monday. BidaskClub downgraded shares of Emerson Electric from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Cowen reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Emerson Electric in a research report on Wednesday, December 6th. Finally, Citigroup set a $61.00 price objective on shares of Emerson Electric and gave the stock a “sell” rating in a research report on Tuesday, November 28th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $65.86.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Captrust Financial Advisors purchased a new stake in shares of Emerson Electric during the 2nd quarter valued at approximately $177,119,000. Vanguard Group Inc. lifted its stake in shares of Emerson Electric by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock valued at $2,615,777,000 after buying an additional 2,404,844 shares in the last quarter. Pictet Asset Management Ltd. lifted its stake in shares of Emerson Electric by 217.1% during the 2nd quarter. Pictet Asset Management Ltd. now owns 2,460,762 shares of the industrial products company’s stock valued at $145,480,000 after buying an additional 1,684,786 shares in the last quarter. Longview Partners Guernsey LTD lifted its stake in shares of Emerson Electric by 9.0% during the 3rd quarter. Longview Partners Guernsey LTD now owns 13,758,325 shares of the industrial products company’s stock valued at $864,573,000 after buying an additional 1,134,275 shares in the last quarter. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of Emerson Electric during the 3rd quarter valued at approximately $49,644,000. Hedge funds and other institutional investors own 69.00% of the company’s stock.

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Emerson Electric Company Profile

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.

Insider Buying and Selling by Quarter for Emerson Electric (NYSE:EMR)

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