Alerus Financial NA grew its stake in shares of Emerson Electric Co. (NYSE:EMR – Get Rating) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,628 shares of the industrial products company’s stock after acquiring an additional 713 shares during the quarter. Alerus Financial NA’s holdings in Emerson Electric were worth $3,807,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. RB Capital Management LLC increased its holdings in Emerson Electric by 3.0% in the 1st quarter. RB Capital Management LLC now owns 5,358 shares of the industrial products company’s stock worth $525,000 after buying an additional 155 shares in the last quarter. Fairfield Bush & CO. bought a new stake in Emerson Electric in the 1st quarter worth about $116,000. Prudential PLC bought a new stake in Emerson Electric in the 1st quarter worth about $1,215,000. Sequoia Financial Advisors LLC increased its holdings in Emerson Electric by 17.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 9,521 shares of the industrial products company’s stock worth $934,000 after buying an additional 1,418 shares in the last quarter. Finally, Brighton Jones LLC increased its holdings in Emerson Electric by 31.8% in the 1st quarter. Brighton Jones LLC now owns 3,856 shares of the industrial products company’s stock worth $378,000 after buying an additional 931 shares in the last quarter. 71.64% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on EMR shares. UBS Group upgraded Emerson Electric from a “neutral” rating to a “buy” rating and cut their price target for the company from $100.00 to $97.00 in a research note on Monday, March 6th. Citigroup cut their price target on Emerson Electric from $109.00 to $106.00 and set a “buy” rating for the company in a research note on Monday, February 13th. TheStreet upgraded Emerson Electric from a “c+” rating to a “b” rating in a research note on Wednesday, May 3rd. Mizuho cut their price target on Emerson Electric from $103.00 to $90.00 in a research note on Thursday, May 4th. Finally, Loop Capital cut their price target on Emerson Electric from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday, April 11th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average target price of $98.29.
Emerson Electric Stock Down 0.2 %
Emerson Electric (NYSE:EMR – Get Rating) last released its quarterly earnings data on Wednesday, May 3rd. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.12. Emerson Electric had a return on equity of 16.94% and a net margin of 27.35%. The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the previous year, the company posted $1.29 EPS. The company’s revenue was down 21.8% compared to the same quarter last year. Research analysts predict that Emerson Electric Co. will post 4.19 EPS for the current fiscal year.
Emerson Electric Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Friday, May 12th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Thursday, May 11th. Emerson Electric’s payout ratio is 25.58%.
About Emerson Electric
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.
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