Regal Investment Advisors LLC boosted its position in Emerson Electric Co. (NYSE:EMR) by 65.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 81,707 shares of the industrial products company’s stock after purchasing an additional 32,201 shares during the quarter. Emerson Electric comprises 1.3% of Regal Investment Advisors LLC’s holdings, making the stock its 15th biggest position. Regal Investment Advisors LLC’s holdings in Emerson Electric were worth $6,257,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of EMR. Bank of America Corp DE increased its stake in Emerson Electric by 1.8% during the 2nd quarter. Bank of America Corp DE now owns 23,145,471 shares of the industrial products company’s stock valued at $1,600,277,000 after buying an additional 417,445 shares during the period. Northern Trust Corp increased its stake in Emerson Electric by 0.9% during the 2nd quarter. Northern Trust Corp now owns 9,540,319 shares of the industrial products company’s stock valued at $659,617,000 after buying an additional 80,807 shares during the period. American Century Companies Inc. increased its stake in Emerson Electric by 1.1% during the 2nd quarter. American Century Companies Inc. now owns 4,594,851 shares of the industrial products company’s stock valued at $317,688,000 after buying an additional 51,585 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Emerson Electric by 1.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,168,307 shares of the industrial products company’s stock valued at $288,197,000 after buying an additional 62,727 shares during the period. Finally, FMR LLC increased its stake in Emerson Electric by 22.2% during the 2nd quarter. FMR LLC now owns 3,430,748 shares of the industrial products company’s stock valued at $237,202,000 after buying an additional 622,701 shares during the period. Hedge funds and other institutional investors own 70.33% of the company’s stock.
In other Emerson Electric news, President Edward L. Monser sold 60,000 shares of the firm’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $76.10, for a total value of $4,566,000.00. Following the completion of the transaction, the president now directly owns 176,477 shares in the company, valued at $13,429,899.70. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Steven J. Pelch sold 6,409 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $74.24, for a total transaction of $475,804.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 96,409 shares of company stock valued at $7,317,004. Corporate insiders own 0.79% of the company’s stock.
Several equities analysts have commented on the stock. Barclays raised their target price on shares of Emerson Electric from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, August 9th. Zacks Investment Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research note on Monday, August 6th. UBS Group lifted their price objective on shares of Emerson Electric from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, August 30th. Cowen reaffirmed a “buy” rating and issued a $81.00 price objective on shares of Emerson Electric in a research note on Wednesday, September 19th. Finally, ValuEngine cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $78.30.
Shares of EMR opened at $68.49 on Friday. The company has a market capitalization of $43.91 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 2.11 and a beta of 1.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.97 and a current ratio of 1.07. Emerson Electric Co. has a 12-month low of $57.47 and a 12-month high of $79.70.
Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, November 6th. The industrial products company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.03). Emerson Electric had a return on equity of 23.06% and a net margin of 12.65%. The firm had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.91 billion. During the same quarter in the previous year, the business earned $0.83 earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, research analysts forecast that Emerson Electric Co. will post 3.69 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 16th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 2.86%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 57.40%.
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Emerson Electric Profile
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.
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