Tibra Equities Europe Ltd purchased a new position in Emerson Electric Co. (NYSE:EMR) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 22,800 shares of the industrial products company’s stock, valued at approximately $1,524,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Gradient Investments LLC lifted its holdings in Emerson Electric by 164.4% during the 3rd quarter. Gradient Investments LLC now owns 386 shares of the industrial products company’s stock worth $26,000 after buying an additional 240 shares in the last quarter. Candriam Luxembourg S.C.A. raised its holdings in shares of Emerson Electric by 12.8% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 382,028 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 43,374 shares in the last quarter. Ellevest Inc. raised its holdings in shares of Emerson Electric by 110.0% in the 2nd quarter. Ellevest Inc. now owns 420 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 220 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of Emerson Electric by 80.3% in the 2nd quarter. Larson Financial Group LLC now owns 440 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 196 shares in the last quarter. Finally, Garrett Wealth Advisory Group LLC acquired a new stake in shares of Emerson Electric in the 3rd quarter valued at $31,000. 70.32% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE EMR traded down $0.18 during mid-day trading on Friday, reaching $73.62. The company had a trading volume of 1,011,275 shares, compared to its average volume of 3,099,962. The company has a current ratio of 1.19, a quick ratio of 0.85 and a debt-to-equity ratio of 0.52. The firm has a 50 day simple moving average of $67.79 and a two-hundred day simple moving average of $64.99. The stock has a market cap of $45.39 billion, a P/E ratio of 19.95, a PEG ratio of 2.52 and a beta of 1.37. Emerson Electric Co. has a 52-week low of $55.38 and a 52-week high of $75.54.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.07. Emerson Electric had a net margin of 12.55% and a return on equity of 26.32%. The company had revenue of $4.97 billion for the quarter, compared to the consensus estimate of $5.02 billion. During the same period last year, the firm posted $0.89 EPS. Emerson Electric’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities analysts expect that Emerson Electric Co. will post 3.65 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.72%. The ex-dividend date is Thursday, November 14th. Emerson Electric’s payout ratio is currently 53.12%.
EMR has been the topic of a number of analyst reports. Cfra lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday. Deutsche Bank reduced their price objective on shares of Emerson Electric from $74.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Morgan Stanley raised their price objective on shares of Emerson Electric from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday. Credit Suisse Group increased their target price on shares of Emerson Electric from $73.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, ValuEngine raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. Emerson Electric has a consensus rating of “Hold” and a consensus target price of $73.86.
Emerson Electric Profile
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
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