SevenBridge Financial Group LLC decreased its holdings in Emerson Electric Co. (NYSE:EMR) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,321 shares of the industrial products company’s stock after selling 230 shares during the period. SevenBridge Financial Group LLC’s holdings in Emerson Electric were worth $796,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Moody National Bank Trust Division acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $27,000. Csenge Advisory Group acquired a new position in shares of Emerson Electric in the third quarter valued at approximately $28,000. Massey Quick Simon & CO. LLC acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $30,000. Norway Savings Bank grew its position in shares of Emerson Electric by 60.1% in the fourth quarter. Norway Savings Bank now owns 533 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 200 shares during the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 71.54% of the company’s stock.
Several equities analysts have recently commented on EMR shares. Berenberg Bank set a $67.00 target price on Emerson Electric and gave the company a “hold” rating in a research report on Monday, November 19th. Stephens started coverage on Emerson Electric in a research report on Monday, November 19th. They issued an “overweight” rating and a $80.00 target price on the stock. Gordon Haskett downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, December 12th. ValuEngine downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, December 12th. Finally, Barclays downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $85.00 to $71.00 in a research report on Monday, December 17th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $76.28.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, February 5th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.08. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.21 billion. Emerson Electric had a return on equity of 24.21% and a net margin of 12.83%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 earnings per share. On average, analysts anticipate that Emerson Electric Co. will post 3.7 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 15th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend was Thursday, February 14th. Emerson Electric’s dividend payout ratio is currently 57.99%.
About Emerson Electric
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
Read More: Why do company’s buyback their stock?
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).
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.