Gulf International Bank UK Ltd increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 9.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 222,452 shares of the industrial products company’s stock after purchasing an additional 19,197 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Emerson Electric were worth $17,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently bought and sold shares of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Emerson Electric during the second quarter worth about $102,000. Kiley Juergens Wealth Management LLC purchased a new stake in shares of Emerson Electric during the second quarter worth about $105,000. Kaizen Advisory LLC grew its position in shares of Emerson Electric by 151.1% during the second quarter. Kaizen Advisory LLC now owns 1,539 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 926 shares in the last quarter. Tradewinds Capital Management LLC grew its position in shares of Emerson Electric by 584.1% during the third quarter. Tradewinds Capital Management LLC now owns 1,416 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 1,209 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Emerson Electric during the second quarter worth about $113,000. Institutional investors own 70.33% of the company’s stock.
A number of equities analysts recently commented on EMR shares. Cowen reissued a “buy” rating and set a $81.00 price target on shares of Emerson Electric in a research note on Tuesday. Credit Suisse Group started coverage on Emerson Electric in a research note on Friday, October 12th. They set a “neutral” rating and a $78.00 price target for the company. Gordon Haskett started coverage on Emerson Electric in a research note on Friday, October 12th. They set a “buy” rating for the company. Zacks Investment Research lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. Finally, Bank of America increased their price target on Emerson Electric from $82.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, October 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $78.67.
NYSE:EMR opened at $70.53 on Wednesday. The company has a market capitalization of $43.75 billion, a PE ratio of 26.72, a P/E/G ratio of 1.82 and a beta of 1.20. Emerson Electric Co. has a 1 year low of $57.47 and a 1 year high of $79.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.23 and a quick ratio of 0.97.
Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.03). The company had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.91 billion. Emerson Electric had a net margin of 12.33% and a return on equity of 22.83%. Emerson Electric’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.83 earnings per share. Research analysts expect that Emerson Electric Co. will post 3.19 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 16th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 2.78%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.49. Emerson Electric’s dividend payout ratio (DPR) is presently 73.48%.
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Emerson Electric Company Profile
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.
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