Bryn Mawr Capital Management LLC reduced its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 26.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,573 shares of the industrial products company's stock after selling 3,857 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Emerson Electric were worth $1,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of EMR. Norges Bank bought a new stake in shares of Emerson Electric in the fourth quarter worth about $885,886,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Emerson Electric by 3,866.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company's stock worth $374,581,000 after acquiring an additional 2,946,310 shares during the last quarter. Boston Partners raised its holdings in shares of Emerson Electric by 136.3% during the 4th quarter. Boston Partners now owns 3,316,466 shares of the industrial products company's stock worth $411,944,000 after acquiring an additional 1,913,120 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Emerson Electric by 210.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company's stock valued at $215,602,000 after acquiring an additional 1,333,839 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Emerson Electric by 12,707.7% in the first quarter. GAMMA Investing LLC now owns 1,126,441 shares of the industrial products company's stock valued at $123,503,000 after purchasing an additional 1,117,646 shares in the last quarter. Institutional investors own 74.30% of the company's stock.
Emerson Electric Stock Up 2.7%
Shares of Emerson Electric stock traded up $3.84 during trading on Thursday, hitting $144.14. 2,248,037 shares of the stock traded hands, compared to its average volume of 3,004,730. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $144.33. The stock's fifty day simple moving average is $127.00 and its 200 day simple moving average is $119.28. The firm has a market cap of $81.08 billion, a P/E ratio of 34.46, a price-to-earnings-growth ratio of 2.71 and a beta of 1.29. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42.
Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.07. The firm had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The company's revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.36 EPS. On average, equities analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.
Emerson Electric Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's payout ratio is currently 50.48%.
Insider Buying and Selling
In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the sale, the chief executive officer directly owned 164,957 shares in the company, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company's stock.
Analyst Ratings Changes
Several equities analysts have commented on EMR shares. Stephens increased their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research report on Wednesday. Robert W. Baird cut their target price on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Wells Fargo & Company raised their price target on Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Bank of America boosted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $142.28.
Check Out Our Latest Stock Report on EMR
Emerson Electric Profile
(
Free Report)
Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.
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