Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 370,832 shares of the industrial products company's stock, valued at approximately $45,957,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.07% of Emerson Electric at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in EMR. Stephens Consulting LLC acquired a new stake in shares of Emerson Electric in the 4th quarter worth $25,000. Orion Capital Management LLC acquired a new stake in shares of Emerson Electric in the 4th quarter worth $25,000. Vega Investment Solutions acquired a new stake in shares of Emerson Electric in the 4th quarter worth $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Emerson Electric during the 4th quarter worth about $28,000. Finally, YANKCOM Partnership acquired a new stake in shares of Emerson Electric during the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 74.30% of the company's stock.
Emerson Electric Stock Down 0.5%
EMR stock traded down $0.65 during trading on Friday, hitting $119.27. 4,057,167 shares of the company's stock were exchanged, compared to its average volume of 2,931,099. The business has a 50-day moving average price of $108.64 and a two-hundred day moving average price of $118.68. The stock has a market capitalization of $67.09 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 2.49 and a beta of 1.26. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.
Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.36 earnings per share. As a group, equities research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.
Emerson Electric Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Friday, May 16th. Emerson Electric's payout ratio is currently 50.48%.
Analyst Ratings Changes
A number of analysts recently issued reports on EMR shares. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Robert W. Baird cut their price objective on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. KeyCorp dropped their target price on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Barclays lifted their target price on Emerson Electric from $104.00 to $112.00 and gave the company an "underweight" rating in a research report on Friday. Finally, Citigroup lifted their target price on Emerson Electric from $119.00 to $127.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $133.53.
View Our Latest Stock Report on Emerson Electric
Insider Buying and Selling
In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the transaction, the chief executive officer now owns 164,957 shares of the company's stock, valued at $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.50% of the stock is currently owned by corporate insiders.
About Emerson Electric
(
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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