Hall Capital Management Co. Inc. lowered its position in Emerson Electric Co. (NYSE:EMR – Get Rating) by 1.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 22,721 shares of the industrial products company's stock after selling 420 shares during the period. Hall Capital Management Co. Inc.'s holdings in Emerson Electric were worth $1,807,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Emerson Electric during the 4th quarter worth approximately $558,176,000. Nordea Investment Management AB lifted its position in shares of Emerson Electric by 396.8% in the first quarter. Nordea Investment Management AB now owns 4,231,968 shares of the industrial products company's stock valued at $420,996,000 after acquiring an additional 3,380,171 shares in the last quarter. Vanguard Group Inc. increased its position in Emerson Electric by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 53,499,422 shares of the industrial products company's stock worth $5,245,619,000 after purchasing an additional 1,547,743 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Emerson Electric by 55.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,508,070 shares of the industrial products company's stock valued at $326,145,000 after purchasing an additional 1,246,143 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Emerson Electric by 2.7% during the 1st quarter. BlackRock Inc. now owns 38,296,210 shares of the industrial products company's stock worth $3,754,941,000 after purchasing an additional 1,007,442 shares during the last quarter. Institutional investors and hedge funds own 72.75% of the company's stock.
Get Emerson Electric alerts:Emerson Electric Stock Down 0.9 %
NYSE:EMR traded down $0.70 during mid-day trading on Monday, hitting $73.14. The company had a trading volume of 2,659,433 shares, compared to its average volume of 3,054,347. The business has a fifty day simple moving average of $84.65 and a 200-day simple moving average of $87.18. The firm has a market capitalization of $43.25 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 1.71 and a beta of 1.42. Emerson Electric Co. has a 1 year low of $72.87 and a 1 year high of $100.47. The company has a current ratio of 1.06, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51.
Emerson Electric (NYSE:EMR – Get Rating) last released its quarterly earnings results on Tuesday, August 9th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.29 by $0.09. Emerson Electric had a return on equity of 25.06% and a net margin of 16.45%. The firm had revenue of $5 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same period in the previous year, the company posted $1.09 EPS. Emerson Electric's revenue for the quarter was up 6.5% on a year-over-year basis. Equities analysts forecast that Emerson Electric Co. will post 5.11 earnings per share for the current fiscal year.Emerson Electric Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 12th were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.82%. The ex-dividend date was Thursday, August 11th. Emerson Electric's dividend payout ratio (DPR) is 39.02%.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on EMR shares. Credit Suisse Group decreased their target price on shares of Emerson Electric from $107.00 to $106.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 10th. Deutsche Bank Aktiengesellschaft upped their target price on Emerson Electric from $97.00 to $99.00 and gave the company a "buy" rating in a research note on Wednesday, August 10th. JPMorgan Chase & Co. assumed coverage on shares of Emerson Electric in a research note on Thursday, July 7th. They set a "neutral" rating and a $80.00 price objective for the company. Morgan Stanley raised their target price on shares of Emerson Electric from $95.00 to $97.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 10th. Finally, Wells Fargo & Company increased their price target on shares of Emerson Electric from $87.00 to $89.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 12th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Emerson Electric has an average rating of "Moderate Buy" and an average target price of $98.77.
Emerson Electric Company Profile
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Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and residential markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, and Commercial & Residential Solutions segments.
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