Emerson Electric Company (EMR) Shares Bought by Carnegie Capital Asset Management LLC

Carnegie Capital Asset Management LLC grew its stake in shares of Emerson Electric Company (NYSE:EMR) by 0.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,253 shares of the industrial products company’s stock after purchasing an additional 1 shares during the period. Carnegie Capital Asset Management LLC’s holdings in Emerson Electric were worth $503,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Oppenheimer Asset Management Inc. purchased a new stake in shares of Emerson Electric in the 1st quarter worth about $127,000. AT Bancorp acquired a new position in Emerson Electric in the 2nd quarter valued at about $139,000. Harbour Capital Advisors LLC acquired a new position in Emerson Electric in the 1st quarter valued at about $147,000. Guardian Life Insurance Co. of America raised its stake in Emerson Electric by 1.1% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,491 shares of the industrial products company’s stock valued at $149,000 after purchasing an additional 28 shares during the last quarter. Finally, Perkins Coie Trust Co acquired a new position in Emerson Electric in the 2nd quarter valued at about $150,000. Institutional investors own 69.35% of the company’s stock.

Shares of Emerson Electric Company (EMR) opened at $60.35 on Wednesday. The stock has a market cap of $38,676.06, a P/E ratio of 23.36, a P/E/G ratio of 2.84 and a beta of 1.24. Emerson Electric Company has a 1 year low of $53.92 and a 1 year high of $67.79. The company has a current ratio of 1.64, a quick ratio of 1.30 and a debt-to-equity ratio of 0.43.

Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.83. The firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.43 billion. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The company’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 EPS. analysts expect that Emerson Electric Company will post 2.91 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date is Thursday, November 16th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. Emerson Electric’s dividend payout ratio is 82.55%.

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Several research analysts recently weighed in on EMR shares. Cowen and Company raised shares of Emerson Electric to a “buy” rating and set a $71.00 target price for the company in a research note on Monday, October 23rd. Citigroup Inc. reissued a “sell” rating and issued a $61.00 target price (up previously from $58.00) on shares of Emerson Electric in a research note on Monday, October 9th. Bank of America Corporation raised shares of Emerson Electric from a “neutral” rating to a “buy” rating and boosted their target price for the company from $64.44 to $79.00 in a research note on Tuesday, October 17th. Stifel Nicolaus reissued a “buy” rating on shares of Emerson Electric in a research note on Thursday, October 12th. Finally, Zacks Investment Research downgraded shares of Emerson Electric from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. 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’s stock. The stock has a consensus rating of “Hold” and an average price target of $65.14.

In related news, insider Robert T. Sharp sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $58.99, for a total transaction of $117,980.00. Following the completion of the sale, the insider now owns 64,290 shares of the company’s stock, valued at approximately $3,792,467.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.79% of the stock is currently owned by corporate insiders.

Emerson Electric 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.

Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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