Banco Santander S.A. grew its holdings in Emerson Electric Co. (NYSE:EMR) by 1.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,578 shares of the industrial products company’s stock after buying an additional 699 shares during the quarter. Banco Santander S.A.’s holdings in Emerson Electric were worth $2,553,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Firestone Capital Management acquired a new position in shares of Emerson Electric in the 4th quarter valued at $44,000. Litman Gregory Asset Management LLC raised its stake in shares of Emerson Electric by 108.0% in the 4th quarter. Litman Gregory Asset Management LLC now owns 337 shares of the industrial products company’s stock valued at $26,000 after buying an additional 175 shares in the last quarter. Verus Capital Partners LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at $27,000. Princeton Global Asset Management LLC bought a new stake in shares of Emerson Electric in the 4th quarter worth about $27,000. Finally, Brooktree Capital Management bought a new stake in shares of Emerson Electric in the 4th quarter worth about $29,000. Institutional investors own 73.32% of the company’s stock.
Several equities research analysts have recently weighed in on the stock. Deutsche Bank lowered their target price on shares of Emerson Electric from $93.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. Wolfe Research lowered shares of Emerson Electric from an “outperform” rating to a “market perform” rating and set a $71.00 target price on the stock. in a report on Thursday, March 12th. Bank of America upped their target price on shares of Emerson Electric from $87.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Citigroup lowered their target price on shares of Emerson Electric from $77.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Finally, Cowen reaffirmed a “hold” rating and issued a $63.00 target price on shares of Emerson Electric in a report on Wednesday, April 29th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $64.13.
Shares of NYSE EMR traded down $0.38 during mid-day trading on Friday, hitting $55.87. The company’s stock had a trading volume of 4,231,732 shares, compared to its average volume of 3,819,407. The stock has a market cap of $33.61 billion, a price-to-earnings ratio of 15.96, a price-to-earnings-growth ratio of 2.93 and a beta of 1.51. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.01 and a quick ratio of 0.75. Emerson Electric Co. has a one year low of $37.75 and a one year high of $78.38. The company’s fifty day simple moving average is $52.57 and its 200-day simple moving average is $65.49.
Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, April 21st. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.12. The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.29 billion. Emerson Electric had a net margin of 12.04% and a return on equity of 26.66%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 EPS. On average, sell-side analysts predict that Emerson Electric Co. will post 3.05 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Thursday, May 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 54.20%.
In other Emerson Electric news, Director Arthur F. Golden bought 5,000 shares of Emerson Electric stock in a transaction dated Tuesday, March 10th. The shares were bought at an average price of $51.47 per share, with a total value of $257,350.00. Following the purchase, the director now owns 81,898 shares of the company’s stock, valued at $4,215,290.06. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.50% of the stock is currently owned by company insiders.
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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