Thrivent Financial for Lutherans trimmed its position in Emerson Electric Co. (NYSE:EMR) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 304,635 shares of the industrial products company’s stock after selling 921 shares during the period. Thrivent Financial for Lutherans’ holdings in Emerson Electric were worth $23,231,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Fiera Capital Corp raised its stake in Emerson Electric by 2.5% during the 4th quarter. Fiera Capital Corp now owns 5,782 shares of the industrial products company’s stock valued at $441,000 after purchasing an additional 141 shares during the period. Coastline Trust Co raised its stake in Emerson Electric by 0.4% during the 4th quarter. Coastline Trust Co now owns 34,235 shares of the industrial products company’s stock valued at $2,611,000 after purchasing an additional 145 shares during the period. Duff & Phelps Investment Management Co. raised its stake in Emerson Electric by 2.2% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 6,890 shares of the industrial products company’s stock valued at $525,000 after purchasing an additional 150 shares during the period. Unison Advisors LLC raised its stake in Emerson Electric by 0.7% during the 4th quarter. Unison Advisors LLC now owns 21,486 shares of the industrial products company’s stock valued at $1,639,000 after purchasing an additional 153 shares during the period. Finally, Schulhoff & Co. Inc. raised its stake in Emerson Electric by 0.5% during the 4th quarter. Schulhoff & Co. Inc. now owns 28,490 shares of the industrial products company’s stock valued at $2,172,000 after purchasing an additional 153 shares during the period. 73.34% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently issued reports on EMR. Morgan Stanley lifted their target price on Emerson Electric from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Bank of America lifted their target price on Emerson Electric from $87.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. ValuEngine downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. Credit Suisse Group raised Emerson Electric from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. Finally, Deutsche Bank decreased their target price on Emerson Electric from $82.00 to $81.00 and set a “buy” rating on the stock in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $77.00.
NYSE:EMR traded up $4.15 during trading hours on Friday, reaching $50.33. The stock had a trading volume of 12,187,148 shares, compared to its average volume of 5,483,485. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.81 and a current ratio of 1.13. Emerson Electric Co. has a 52 week low of $45.12 and a 52 week high of $78.38. The company has a 50 day moving average price of $69.38 and a two-hundred day moving average price of $70.28. The stock has a market capitalization of $28.25 billion, a PE ratio of 14.38, a PEG ratio of 1.54 and a beta of 1.38.
Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.67. Emerson Electric had a return on equity of 25.55% and a net margin of 11.79%. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the previous year, the company posted $0.74 EPS. The company’s revenue was up .1% compared to the same quarter last year. Equities research analysts predict that Emerson Electric Co. will post 3.65 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Friday, February 14th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend was Thursday, February 13th. Emerson Electric’s payout ratio is 54.20%.
In other Emerson Electric news, insider Robert T. Sharp sold 7,000 shares of Emerson Electric stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $76.13, for a total value of $532,910.00. Following the sale, the insider now owns 131,315 shares of the company’s stock, valued at approximately $9,997,010.95. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Arthur F. Golden acquired 5,000 shares of Emerson Electric stock in a transaction on Tuesday, March 10th. The stock was purchased at an average cost of $51.47 per share, for a total transaction of $257,350.00. Following the purchase, the director now owns 81,898 shares in the company, valued at $4,215,290.06. The disclosure for this purchase can be found here. Insiders own 0.50% of the company’s stock.
About Emerson Electric
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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