Raymond James & Associates trimmed its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,298,443 shares of the industrial products company’s stock after selling 2,710 shares during the quarter. Raymond James & Associates owned 0.20% of Emerson Electric worth $90,489,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Captrust Financial Advisors purchased a new position in shares of Emerson Electric in the 2nd quarter valued at about $177,119,000. Longview Partners Guernsey LTD boosted its stake in shares of Emerson Electric by 9.0% in 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 during the period. Tide Point Capital Management LP purchased a new position in shares of Emerson Electric in the 4th quarter valued at about $64,637,000. American Century Companies Inc. boosted its stake in shares of Emerson Electric by 18.5% in the 4th quarter. American Century Companies Inc. now owns 5,525,308 shares of the industrial products company’s stock valued at $385,059,000 after buying an additional 861,558 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new position in shares of Emerson Electric in the 3rd quarter valued at about $49,644,000. Institutional investors own 69.96% of the company’s stock.
EMR has been the topic of several research analyst reports. Cowen lowered Emerson Electric from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 16th. Edward Jones lowered Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Citigroup set a $61.00 target price on Emerson Electric and gave the stock a “sell” rating in a research report on Tuesday, November 28th. JPMorgan Chase & Co. initiated coverage on Emerson Electric in a research report on Wednesday, November 29th. They set a “neutral” rating on the stock. Finally, 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. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $70.72.
Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.54 by $0.04. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.72 billion. Emerson Electric had a return on equity of 20.73% and a net margin of 10.09%. The firm’s revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 earnings per share. equities analysts expect that Emerson Electric Co. will post 3.11 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 16th were given a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 2.68%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is 76.38%.
Emerson Electric 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.
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