Seven Eight Capital LP acquired a new position in Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,200 shares of the company’s stock, valued at approximately $234,000.
Several other institutional investors have also bought and sold shares of EMR. Tudor Investment Corp Et Al raised its position in Emerson Electric by 46.4% in the fourth quarter. Tudor Investment Corp Et Al now owns 23,637 shares of the company’s stock worth $1,318,000 after buying an additional 7,486 shares during the last quarter. GLG LLC acquired a new position in Emerson Electric during the fourth quarter worth approximately $2,042,000. Wexford Capital LP acquired a new position in Emerson Electric during the fourth quarter worth approximately $212,000. Janus Capital Management LLC raised its position in Emerson Electric by 3.8% in the fourth quarter. Janus Capital Management LLC now owns 716,834 shares of the company’s stock worth $39,963,000 after buying an additional 26,054 shares during the last quarter. Finally, Moloney Securities Asset Management LLC acquired a new position in Emerson Electric during the fourth quarter worth approximately $548,000. Institutional investors and hedge funds own 71.04% of the company’s stock.
Emerson Electric Co. (NYSE:EMR) opened at 58.96 on Wednesday. Emerson Electric Co. has a 52-week low of $48.45 and a 52-week high of $64.36. The company has a market cap of $38.03 billion, a PE ratio of 23.92 and a beta of 1.17. The company has a 50-day moving average of $60.78 and a 200 day moving average of $55.90.
Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, February 7th. The company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.07. The firm had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Emerson Electric had a net margin of 8.50% and a return on equity of 24.26%. The business’s revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 EPS. Equities research analysts predict that Emerson Electric Co. will post $2.57 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, February 17th were issued a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, February 15th. This represents a $1.92 annualized dividend and a yield of 3.26%. Emerson Electric’s dividend payout ratio is currently 77.73%.
A number of research firms recently weighed in on EMR. Royal Bank of Canada reissued a “hold” rating and set a $58.00 target price on shares of Emerson Electric in a research report on Sunday, March 12th. HSBC Holdings plc raised Emerson Electric from a “reduce” rating to a “hold” rating and set a $55.00 target price on the stock in a research report on Friday, March 3rd. Zacks Investment Research raised Emerson Electric from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Thursday, March 2nd. Berenberg Bank reissued a “sell” rating and set a $53.00 target price on shares of Emerson Electric in a research report on Wednesday, February 22nd. Finally, Stifel Nicolaus lifted their target price on Emerson Electric from $63.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, February 9th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $55.57.
In other Emerson Electric news, VP Steven J. Pelch sold 7,839 shares of the stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $63.31, for a total value of $496,287.09. Following the transaction, the vice president now directly owns 72,647 shares of the company’s stock, valued at approximately $4,599,281.57. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.79% of the stock is owned by corporate insiders.
Emerson Electric Company Profile
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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