Krilogy Financial LLC continued to hold its position in shares of Emerson Electric Company (NYSE:EMR) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,904 shares of the industrial products company’s stock at the close of the 1st quarter. Krilogy Financial LLC’s holdings in Emerson Electric were worth $441,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in EMR. Vanguard Group Inc. raised its position in shares of Emerson Electric by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock valued at $2,615,777,000 after buying an additional 2,404,844 shares during the period. Prudential Financial Inc. raised its position in shares of Emerson Electric by 135.9% during the 1st quarter. Prudential Financial Inc. now owns 2,963,124 shares of the industrial products company’s stock valued at $177,372,000 after buying an additional 1,706,810 shares during the period. American Century Companies Inc. raised its position in shares of Emerson Electric by 19.4% during the 1st quarter. American Century Companies Inc. now owns 4,338,862 shares of the industrial products company’s stock valued at $259,724,000 after buying an additional 705,924 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of Emerson Electric by 28.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 2,418,472 shares of the industrial products company’s stock valued at $144,770,000 after buying an additional 540,927 shares during the period. Finally, APG Asset Management N.V. raised its position in shares of Emerson Electric by 17.9% during the 1st quarter. APG Asset Management N.V. now owns 3,352,519 shares of the industrial products company’s stock valued at $200,682,000 after buying an additional 510,160 shares during the period. 70.19% of the stock is currently owned by hedge funds and other institutional investors.
Emerson Electric Company (NYSE EMR) traded up 0.540% during trading on Tuesday, hitting $61.239. 947,304 shares of the company’s stock traded hands. The stock has a market cap of $39.19 billion, a P/E ratio of 27.327 and a beta of 1.18. The firm’s 50-day moving average price is $59.42 and its 200 day moving average price is $59.49. Emerson Electric Company has a 12-month low of $49.22 and a 12-month high of $64.36.
Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, August 1st. The industrial products company reported $0.68 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.68. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. The business had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter last year, the firm posted $0.68 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Analysts anticipate that Emerson Electric Company will post $2.61 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 11th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend was Wednesday, August 9th. Emerson Electric’s dividend payout ratio is presently 85.33%.
Several analysts have recently commented on the stock. BidaskClub lowered shares of Emerson Electric from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Stifel Nicolaus reaffirmed a “buy” rating and set a $67.00 price target (up previously from $65.00) on shares of Emerson Electric in a research report on Monday, May 15th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $62.00 price target on shares of Emerson Electric in a research report on Tuesday, June 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Emerson Electric in a research report on Tuesday, July 11th. Finally, Berenberg Bank reaffirmed a “sell” rating and set a $53.00 price target on shares of Emerson Electric in a research report on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company. Emerson Electric presently has an average rating of “Hold” and an average price target of $60.52.
In other news, insider Robert T. Sharp sold 2,000 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $58.99, for a total value of $117,980.00. Following the transaction, the insider now owns 64,290 shares of the company’s stock, valued at approximately $3,792,467.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.79% of the company’s stock.
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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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