Zevin Asset Management LLC increased its position in Emerson Electric Co. (NYSE:EMR) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,663 shares of the industrial products company’s stock after purchasing an additional 2,718 shares during the quarter. Emerson Electric makes up about 2.0% of Zevin Asset Management LLC’s portfolio, making the stock its 20th biggest position. Zevin Asset Management LLC’s holdings in Emerson Electric were worth $6,129,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in EMR. Gradient Investments LLC lifted its holdings in Emerson Electric by 164.4% during the third quarter. Gradient Investments LLC now owns 386 shares of the industrial products company’s stock worth $26,000 after buying an additional 240 shares during the period. Ellevest Inc. lifted its holdings in Emerson Electric by 110.0% during the second quarter. Ellevest Inc. now owns 420 shares of the industrial products company’s stock worth $28,000 after buying an additional 220 shares during the period. Larson Financial Group LLC lifted its holdings in Emerson Electric by 80.3% during the second quarter. Larson Financial Group LLC now owns 440 shares of the industrial products company’s stock worth $29,000 after buying an additional 196 shares during the period. Garrett Wealth Advisory Group LLC purchased a new stake in Emerson Electric during the third quarter worth $31,000. Finally, Massey Quick Simon & CO. LLC lifted its holdings in Emerson Electric by 1,823.1% during the third quarter. Massey Quick Simon & CO. LLC now owns 500 shares of the industrial products company’s stock worth $33,000 after buying an additional 474 shares during the period. 70.32% of the stock is currently owned by institutional investors.
Shares of EMR traded up $0.09 during midday trading on Friday, hitting $73.88. 2,186,068 shares of the company’s stock traded hands, compared to its average volume of 3,242,199. Emerson Electric Co. has a 1 year low of $55.38 and a 1 year high of $75.54. The firm’s fifty day moving average is $67.96 and its 200-day moving average is $64.99. 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 stock has a market capitalization of $45.39 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 2.52 and a beta of 1.37.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.07 EPS for the quarter, meeting the consensus estimate of $1.07. Emerson Electric had a return on equity of 26.32% and a net margin of 12.55%. The firm had revenue of $4.97 billion during the quarter, compared to analyst estimates of $5.02 billion. During the same quarter in the prior year, the business posted $0.89 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities research analysts anticipate that Emerson Electric Co. will post 3.65 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Thursday, November 14th. Emerson Electric’s payout ratio is 53.12%.
A number of research firms have weighed in on EMR. Credit Suisse Group upped their target price on Emerson Electric from $73.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday. Zacks Investment Research lowered Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 target price for the company. in a report on Tuesday, July 23rd. Deutsche Bank lowered their target price on Emerson Electric from $74.00 to $73.00 and set a “buy” rating for the company in a report on Monday, August 5th. Cowen lowered Emerson Electric from an “outperform” rating to a “market perform” rating and set a $72.00 target price for the company. in a report on Wednesday. Finally, Barclays lowered their target price on Emerson Electric from $65.00 to $64.00 and set an “equal weight” rating for the company in a report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $73.00.
Emerson Electric Company 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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