Zevin Asset Management LLC boosted its stake in Emerson Electric Co. (NYSE:EMR) by 3.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 91,663 shares of the industrial products company’s stock after buying an additional 2,718 shares during the quarter. Emerson Electric comprises approximately 2.0% of Zevin Asset Management LLC’s portfolio, making the stock its 20th biggest holding. Zevin Asset Management LLC’s holdings in Emerson Electric were worth $6,129,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the stock. Thomasville National Bank increased its position in shares of Emerson Electric by 2.9% during the 2nd quarter. Thomasville National Bank now owns 54,101 shares of the industrial products company’s stock valued at $3,610,000 after purchasing an additional 1,544 shares during the last quarter. Private Trust Co. NA grew its position in Emerson Electric by 4.2% during the 2nd quarter. Private Trust Co. NA now owns 8,322 shares of the industrial products company’s stock worth $555,000 after acquiring an additional 337 shares during the last quarter. Rockland Trust Co. grew its position in Emerson Electric by 3.4% during the 2nd quarter. Rockland Trust Co. now owns 97,194 shares of the industrial products company’s stock worth $6,485,000 after acquiring an additional 3,200 shares during the last quarter. DNB Asset Management AS grew its position in Emerson Electric by 4.3% during the 2nd quarter. DNB Asset Management AS now owns 127,098 shares of the industrial products company’s stock worth $8,480,000 after acquiring an additional 5,283 shares during the last quarter. Finally, First American Trust FSB grew its position in Emerson Electric by 1.7% during the 2nd quarter. First American Trust FSB now owns 56,350 shares of the industrial products company’s stock worth $3,760,000 after acquiring an additional 952 shares during the last quarter. 70.32% of the stock is currently owned by hedge funds and other institutional investors.
NYSE EMR traded up $0.09 on Friday, hitting $73.88. The company’s stock had a trading volume of 2,186,068 shares, compared to its average volume of 3,242,199. Emerson Electric Co. has a 52-week low of $55.38 and a 52-week high of $75.54. 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 company’s 50-day simple moving average is $67.96 and its 200 day simple moving average is $64.99. The firm has a market cap of $45.39 billion, a P/E ratio of 20.02, a PEG ratio of 2.52 and a beta of 1.37.
Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.07 earnings per share for the quarter, hitting the consensus estimate of $1.07. Emerson Electric had a return on equity of 26.32% and a net margin of 12.55%. The business had revenue of $4.97 billion during the quarter, compared to analysts’ expectations of $5.02 billion. During the same quarter last year, the business posted $0.89 EPS. The business’s revenue was up 1.7% on a year-over-year basis. On average, research analysts forecast that Emerson Electric Co. will post 3.65 EPS for the current fiscal 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 issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.71%. The ex-dividend date is Thursday, November 14th. Emerson Electric’s dividend payout ratio (DPR) is currently 53.12%.
Several equities analysts recently issued reports on EMR shares. Royal Bank of Canada upgraded Emerson Electric from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $65.00 to $77.00 in a research report on Monday, September 30th. Barclays reduced their price target on Emerson Electric from $65.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Monday, September 30th. Citigroup raised their price target on Emerson Electric from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday. Wolfe Research set a $72.00 price target on Emerson Electric and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, Zacks Investment Research lowered Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price target on the stock. in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. Emerson Electric presently has a consensus rating of “Hold” and a consensus target price 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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