Cwm LLC raised its position in Emerson Electric Co. (NYSE:EMR – Free Report) by 9.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,549 shares of the industrial products company’s stock after purchasing an additional 1,001 shares during the quarter. Cwm LLC’s holdings in Emerson Electric were worth $1,006,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Grandfield & Dodd LLC raised its position in Emerson Electric by 15.2% in the first quarter. Grandfield & Dodd LLC now owns 15,050 shares of the industrial products company’s stock valued at $1,311,000 after purchasing an additional 1,986 shares during the last quarter. Ramsay Stattman Vela & Price Inc. increased its position in Emerson Electric by 2.1% in the 1st quarter. Ramsay Stattman Vela & Price Inc. now owns 81,014 shares of the industrial products company’s stock valued at $7,060,000 after acquiring an additional 1,640 shares during the period. Harrington Investments INC increased its position in Emerson Electric by 1.0% in the 1st quarter. Harrington Investments INC now owns 19,292 shares of the industrial products company’s stock valued at $1,681,000 after acquiring an additional 200 shares during the period. Simmons Bank increased its position in Emerson Electric by 13.0% in the 1st quarter. Simmons Bank now owns 23,050 shares of the industrial products company’s stock valued at $2,009,000 after acquiring an additional 2,649 shares during the period. Finally, Janney Capital Management LLC increased its position in Emerson Electric by 12.2% in the 1st quarter. Janney Capital Management LLC now owns 30,999 shares of the industrial products company’s stock valued at $2,701,000 after acquiring an additional 3,359 shares during the period. 75.63% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research firms have recently weighed in on EMR. Royal Bank of Canada lowered their price objective on Emerson Electric from $105.00 to $103.00 and set an “outperform” rating for the company in a research report on Friday, May 5th. Morgan Stanley reissued a “buy” rating and set a $96.00 price objective on shares of Emerson Electric in a research report on Friday, May 5th. Robert W. Baird cut their price objective on shares of Emerson Electric from $94.00 to $89.00 in a research report on Thursday, May 4th. 888 reaffirmed a “buy” rating on shares of Emerson Electric in a research report on Thursday, May 4th. Finally, Wolfe Research raised Emerson Electric from a “peer perform” rating to an “outperform” rating and set a $103.00 target price on the stock in a research report on Tuesday, April 18th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $99.47.
Emerson Electric Stock Down 0.7 %
Emerson Electric (NYSE:EMR – Get Free Report) last issued its quarterly earnings results on Wednesday, May 3rd. The industrial products company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.12. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. Emerson Electric had a return on equity of 16.94% and a net margin of 27.35%. Emerson Electric’s revenue was down 21.8% on a year-over-year basis. During the same period last year, the business posted $1.29 earnings per share. Research analysts expect that Emerson Electric Co. will post 4.2 earnings per share for the current fiscal year.
Emerson Electric Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Friday, May 12th were given a dividend of $0.52 per share. The ex-dividend date was Thursday, May 11th. This represents a $2.08 annualized dividend and a yield of 2.28%. Emerson Electric’s payout ratio is currently 25.58%.
Insider Activity at Emerson Electric
In other Emerson Electric news, VP Lisa Flavin sold 48,718 shares of the firm’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $89.65, for a total value of $4,367,568.70. Following the completion of the sale, the vice president now directly owns 51,748 shares of the company’s stock, valued at $4,639,208.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.33% of the stock is owned by company insiders.
Emerson Electric Profile
Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, AspenTech, and Commercial & Residential Solutions segments.
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