Emerson Electric Co. (EMR) Holdings Raised by D.A. Davidson & CO.

D.A. Davidson & CO. raised its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.9% in the third quarter, HoldingsChannel reports. The firm owned 580,987 shares of the industrial products company’s stock after buying an additional 5,122 shares during the period. Emerson Electric comprises 0.8% of D.A. Davidson & CO.’s portfolio, making the stock its 26th largest holding. D.A. Davidson & CO.’s holdings in Emerson Electric were worth $44,492,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Tradewinds Capital Management LLC lifted its holdings in Emerson Electric by 584.1% during the 3rd quarter. Tradewinds Capital Management LLC now owns 1,416 shares of the industrial products company’s stock worth $108,000 after buying an additional 1,209 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of Emerson Electric in the 2nd quarter worth approximately $102,000. Kaizen Advisory LLC lifted its holdings in shares of Emerson Electric by 151.1% in the 2nd 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 during the last quarter. Sun Life Financial INC lifted its holdings in shares of Emerson Electric by 761.6% in the 2nd quarter. Sun Life Financial INC now owns 1,706 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 1,508 shares during the last quarter. Finally, Fort L.P. bought a new stake in shares of Emerson Electric in the 2nd quarter worth approximately $118,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Shares of Emerson Electric stock opened at $65.81 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.78 and a current ratio of 1.07. The firm has a market cap of $41.21 billion, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 2.01 and a beta of 1.20. Emerson Electric Co. has a 1-year low of $61.56 and a 1-year high of $79.70.

Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.03). The business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.91 billion. Emerson Electric had a net margin of 12.65% and a return on equity of 23.06%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 EPS. On average, research analysts forecast that Emerson Electric Co. will post 3.68 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 16th will be paid a dividend of $0.49 per share. The ex-dividend date is Thursday, November 15th. This represents a $1.96 annualized dividend and a yield of 2.98%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.49. Emerson Electric’s payout ratio is presently 57.99%.

EMR has been the topic of several recent research reports. Barclays raised their price target on Emerson Electric from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday, September 24th. Zacks Investment Research raised Emerson Electric from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a report on Monday, August 6th. Gordon Haskett initiated coverage on Emerson Electric in a report on Friday, October 12th. They issued a “buy” rating on the stock. Bank of America raised their price target on Emerson Electric from $82.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, October 4th. Finally, Morgan Stanley initiated coverage on Emerson Electric in a report on Monday, August 20th. They issued an “overweight” rating and a $85.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $78.39.

In other Emerson Electric news, President Edward L. Monser sold 60,000 shares of Emerson Electric stock in a transaction on Monday, September 10th. The stock was sold at an average price of $76.10, for a total transaction of $4,566,000.00. Following the sale, the president now owns 176,477 shares of the company’s stock, valued at approximately $13,429,899.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Edward L. Monser sold 30,000 shares of Emerson Electric stock in a transaction on Friday, September 7th. The shares were sold at an average price of $75.84, for a total value of $2,275,200.00. Following the sale, the president now directly owns 176,477 shares in the company, valued at approximately $13,384,015.68. The disclosure for this sale can be found here. 0.79% of the stock is owned by insiders.

COPYRIGHT VIOLATION NOTICE: “Emerson Electric Co. (EMR) Holdings Raised by D.A. Davidson & CO.” was reported by WKRB News and is the property of of WKRB News. If you are reading this story on another site, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The correct version of this story can be accessed at https://www.wkrb13.com/2018/11/25/emerson-electric-co-emr-holdings-raised-by-d-a-davidson-co.html.

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.

Recommended Story: Technical Analysis of Stocks, How Can It Help

Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR).

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

Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply