HPM Partners LLC boosted its position in Emerson Electric Co. (NYSE:EMR) by 22.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,596 shares of the industrial products company’s stock after buying an additional 8,140 shares during the quarter. HPM Partners LLC’s holdings in Emerson Electric were worth $3,108,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the stock. Intellectus Partners LLC grew its stake in Emerson Electric by 0.3% in the second 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 in the last quarter. Security National Bank of Sioux City Iowa IA boosted its stake in shares of Emerson Electric by 0.5% during the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 14,881 shares of the industrial products company’s stock worth $887,000 after acquiring an additional 80 shares during the period. Frontier Wealth Management LLC boosted its stake in shares of Emerson Electric by 0.6% during the 2nd quarter. Frontier Wealth Management LLC now owns 17,830 shares of the industrial products company’s stock worth $1,063,000 after acquiring an additional 105 shares during the period. Flinton Capital Management LLC boosted its stake in shares of Emerson Electric by 2.0% during the 2nd quarter. Flinton Capital Management LLC now owns 7,984 shares of the industrial products company’s stock worth $476,000 after acquiring an additional 160 shares during the period. Finally, TCI Wealth Advisors Inc. boosted its stake in shares of Emerson Electric by 7.6% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 2,629 shares of the industrial products company’s stock worth $157,000 after acquiring an additional 185 shares during the period. 69.96% of the stock is currently owned by institutional investors and hedge funds.
EMR has been the subject of several research analyst reports. Vertical Research upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research note on Tuesday, January 2nd. Edward Jones downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Cowen upgraded Emerson Electric from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $61.00 to $71.00 in a research note on Tuesday, November 28th. Goldman Sachs Group reiterated a “neutral” rating and set a $66.00 target price on shares of Emerson Electric in a research note on Friday, December 8th. Finally, JPMorgan Chase & Co. initiated coverage on Emerson Electric in a research note on Wednesday, November 29th. They set a “neutral” rating for the company. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. Emerson Electric has an average rating of “Hold” and an average 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 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.04. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.72 billion. Emerson Electric had a return on equity of 20.73% and a net margin of 10.09%. The firm’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS. equities analysts predict that Emerson Electric Co. will post 3.11 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 16th were paid a $0.485 dividend. The ex-dividend date was Thursday, February 15th. This represents a $1.94 annualized dividend and a yield of 2.68%. Emerson Electric’s dividend payout ratio (DPR) is presently 78.23%.
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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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