Emerson Electric Co. (NYSE:EMR) Shares Sold by Eudaimonia Partners LLC

Posted by on Apr 3rd, 2023

Eudaimonia Partners LLC lowered its position in shares of Emerson Electric Co. (NYSE:EMR – Get Rating) by 53.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,181 shares of the industrial products company’s stock after selling 2,514 shares during the quarter. Eudaimonia Partners LLC’s holdings in Emerson Electric were worth $210,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of EMR. Vanguard Group Inc. boosted its holdings in shares of Emerson Electric by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 55,082,431 shares of the industrial products company’s stock valued at $4,033,135,000 after purchasing an additional 608,736 shares during the last quarter. State Street Corp boosted its holdings in shares of Emerson Electric by 1.2% in the 3rd quarter. State Street Corp now owns 25,667,712 shares of the industrial products company’s stock valued at $1,879,390,000 after purchasing an additional 302,077 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Emerson Electric by 18.1% in the 3rd quarter. Nordea Investment Management AB now owns 5,126,275 shares of the industrial products company’s stock valued at $381,138,000 after purchasing an additional 784,453 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Emerson Electric by 7.5% in the 3rd quarter. First Trust Advisors LP now owns 3,058,255 shares of the industrial products company’s stock valued at $223,925,000 after purchasing an additional 212,999 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of Emerson Electric by 0.7% in the 2nd quarter. Captrust Financial Advisors now owns 2,970,984 shares of the industrial products company’s stock valued at $236,312,000 after purchasing an additional 20,766 shares during the last quarter. Institutional investors and hedge funds own 71.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Argus lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday, February 14th. UBS Group upgraded shares of Emerson Electric from a “neutral” rating to a “buy” rating and reduced their target price for the company from $100.00 to $97.00 in a report on Monday, March 6th. Cowen reduced their target price on shares of Emerson Electric from $115.00 to $105.00 and set an “outperform” rating on the stock in a report on Tuesday, February 21st. Citigroup reduced their target price on shares of Emerson Electric from $109.00 to $106.00 and set a “buy” rating on the stock in a report on Monday, February 13th. Finally, Royal Bank of Canada dropped their price target on shares of Emerson Electric from $110.00 to $107.00 and set an “outperform” rating on the stock in a research note on Thursday, February 9th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $98.64.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $87.14 on Monday. Emerson Electric Co. has a twelve month low of $72.40 and a twelve month high of $100.00. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $49.79 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 2.52 and a beta of 1.39. The business has a 50 day simple moving average of $85.51 and a 200-day simple moving average of $87.77.

Emerson Electric (NYSE:EMR – Get Rating) last issued its quarterly earnings results on Wednesday, February 8th. The industrial products company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10). Emerson Electric had a net margin of 25.18% and a return on equity of 19.79%. The firm had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter last year, the firm posted $1.05 earnings per share. Emerson Electric’s revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts expect that Emerson Electric Co. will post 4.07 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Friday, February 17th were issued a $0.52 dividend. The ex-dividend date was Thursday, February 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.39%. Emerson Electric’s dividend payout ratio (DPR) is 26.40%.

Emerson Electric Profile

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Emerson Electric Co is a global technology and engineering company, which designs and manufactures products and delivers services that bring technology and engineering together to provide innovative solutions for customers in a wide range of industrial, commercial, and consumer markets. It operates through the following segments: Automation Solutions, AspenTech, Commercial and Residential Solutions, Climate Technologies, and Tools and Home Products.

See Also

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

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