Hennessy Advisors Inc. reduced its position in shares of Emerson Electric Co. (NYSE:EMR – Get Rating) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,200 shares of the industrial products company’s stock after selling 1,300 shares during the period. Hennessy Advisors Inc.’s holdings in Emerson Electric were worth $2,808,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Gofen & Glossberg LLC IL raised its position in Emerson Electric by 1.8% in the third quarter. Gofen & Glossberg LLC IL now owns 53,341 shares of the industrial products company’s stock worth $5,025,000 after acquiring an additional 966 shares during the period. Veracity Capital LLC raised its position in Emerson Electric by 4.6% in the third quarter. Veracity Capital LLC now owns 15,699 shares of the industrial products company’s stock worth $1,479,000 after acquiring an additional 695 shares during the period. WestHill Financial Advisors Inc. bought a new stake in Emerson Electric in the third quarter worth about $304,000. Capital Asset Advisory Services LLC raised its position in Emerson Electric by 7.2% in the third quarter. Capital Asset Advisory Services LLC now owns 4,939 shares of the industrial products company’s stock worth $465,000 after acquiring an additional 330 shares during the period. Finally, Becker Capital Management Inc. raised its position in Emerson Electric by 1.5% in the third quarter. Becker Capital Management Inc. now owns 63,966 shares of the industrial products company’s stock worth $6,026,000 after acquiring an additional 941 shares during the period. 72.61% of the stock is currently owned by institutional investors.
Shares of NYSE:EMR opened at $98.51 on Friday. The company has a 50 day moving average of $94.14 and a 200 day moving average of $94.64. The stock has a market cap of $58.60 billion, a P/E ratio of 21.51, a P/E/G ratio of 2.25 and a beta of 1.46. Emerson Electric Co. has a 12 month low of $86.72 and a 12 month high of $105.99. The company has a current ratio of 2.04, a quick ratio of 1.60 and a debt-to-equity ratio of 0.85.
Emerson Electric (NYSE:EMR – Get Rating) last released its quarterly earnings results on Wednesday, February 2nd. The industrial products company reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.06. Emerson Electric had a net margin of 14.85% and a return on equity of 26.84%. The business had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.48 billion. During the same quarter in the previous year, the company earned $0.83 EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, equities analysts forecast that Emerson Electric Co. will post 4.99 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 10th. Shareholders of record on Friday, February 11th were paid a $0.515 dividend. The ex-dividend date of this dividend was Thursday, February 10th. This represents a $2.06 dividend on an annualized basis and a yield of 2.09%. Emerson Electric’s dividend payout ratio is presently 44.98%.
EMR has been the topic of several research reports. Sanford C. Bernstein initiated coverage on shares of Emerson Electric in a research report on Monday, January 10th. They issued a “market perform” rating and a $100.00 price target on the stock. Morgan Stanley boosted their price target on shares of Emerson Electric from $102.00 to $108.00 and gave the company an “equal weight” rating in a research report on Thursday, February 3rd. Citigroup boosted their price target on shares of Emerson Electric from $120.00 to $123.00 in a research report on Thursday, February 3rd. Barclays boosted their price target on shares of Emerson Electric from $98.00 to $99.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 4th. Finally, Credit Suisse Group boosted their price target on shares of Emerson Electric from $111.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, February 3rd. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric presently has an average rating of “Buy” and an average price target of $108.42.
Emerson Electric Profile (Get Rating)
Emerson Electric Co is a global technology and engineering company, which provides innovative solutions for customers in industrial, commercial and residential markets. It operates through the following business segments: Automation Solutions, Climate Technologies, and Tools and Home Products. The Automation Solutions segment offers products, integrated solutions, software and services which enable process, hybrid and discrete manufacturers to maximize production, protect personnel and the environment, reduce project costs, and optimize their energy efficiency and operating costs.
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