Smith Salley & Associates lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 6.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,546 shares of the industrial products company’s stock after selling 3,746 shares during the quarter. Smith Salley & Associates’ holdings in Emerson Electric were worth $4,483,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of EMR. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Emerson Electric during the 2nd quarter worth approximately $102,000. Kiley Juergens Wealth Management LLC bought a new position in shares of Emerson Electric during the 2nd quarter worth approximately $105,000. Kaizen Advisory LLC lifted its position in shares of Emerson Electric by 151.1% during the 2nd quarter. Kaizen Advisory LLC now owns 1,539 shares of the industrial products company’s stock worth $106,000 after buying an additional 926 shares during the period. Tradewinds Capital Management LLC lifted its position in shares of Emerson Electric by 584.1% during the 3rd quarter. Tradewinds Capital Management LLC now owns 1,416 shares of the industrial products company’s stock worth $108,000 after buying an additional 1,209 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in shares of Emerson Electric during the 2nd quarter worth approximately $113,000. Institutional investors and hedge funds own 70.33% of the company’s stock.
EMR has been the subject of several analyst reports. Zacks Investment Research downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, July 16th. Robert W. Baird restated a “hold” rating and set a $76.00 target price on shares of Emerson Electric in a research report on Friday, July 20th. ValuEngine cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Barclays raised their price target on Emerson Electric from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, August 9th. Finally, JPMorgan Chase & Co. raised their price target on Emerson Electric from $79.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, August 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Emerson Electric has an average rating of “Buy” and an average target price of $78.30.
In other news, President Edward L. Monser sold 30,000 shares of Emerson Electric stock in a transaction on Friday, September 7th. The stock was sold at an average price of $75.84, for a total value of $2,275,200.00. Following the completion of the sale, the president now directly owns 176,477 shares of the company’s stock, valued at approximately $13,384,015.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Steven J. Pelch sold 6,409 shares of Emerson Electric stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $74.24, for a total value of $475,804.16. The disclosure for this sale can be found here. Insiders sold a total of 96,409 shares of company stock valued at $7,317,004 over the last three months. Insiders own 0.79% of the company’s stock.
EMR stock opened at $68.49 on Friday. Emerson Electric Co. has a fifty-two week low of $57.47 and a fifty-two week high of $79.70. The firm has a market cap of $43.91 billion, a P/E ratio of 22.47, a price-to-earnings-growth ratio of 2.11 and a beta of 1.20. The company has a quick ratio of 0.97, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.
Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, November 6th. The industrial products company reported $0.89 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.03). The firm had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.91 billion. Emerson Electric had a net margin of 12.65% and a return on equity of 23.06%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the business posted $0.83 earnings per share. As a group, equities research analysts expect 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. Stockholders of record on Friday, November 16th will be paid a $0.49 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.49. This represents a $1.96 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Thursday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is 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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