Highwater Wealth Management LLC bought a new position in shares of Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,681 shares of the industrial products company’s stock, valued at approximately $282,000. Emerson Electric accounts for about 0.4% of Highwater Wealth Management LLC’s investment portfolio, making the stock its 26th biggest position.
Other institutional investors and hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC increased its stake in Emerson Electric by 30.0% in the second quarter. Janus Henderson Group PLC now owns 216,096 shares of the industrial products company’s stock valued at $14,940,000 after acquiring an additional 49,916 shares during the last quarter. FMR LLC boosted its position in Emerson Electric by 22.2% in the second quarter. FMR LLC now owns 3,430,748 shares of the industrial products company’s stock valued at $237,202,000 after buying an additional 622,701 shares in the last quarter. Federated Investors Inc. PA boosted its position in Emerson Electric by 7.5% in the second quarter. Federated Investors Inc. PA now owns 11,533 shares of the industrial products company’s stock valued at $798,000 after buying an additional 806 shares in the last quarter. OppenheimerFunds Inc. boosted its position in Emerson Electric by 1.2% in the second quarter. OppenheimerFunds Inc. now owns 680,490 shares of the industrial products company’s stock valued at $47,049,000 after buying an additional 7,750 shares in the last quarter. Finally, Glen Harbor Capital Management LLC boosted its position in Emerson Electric by 13.7% in the second quarter. Glen Harbor Capital Management LLC now owns 16,268 shares of the industrial products company’s stock valued at $1,125,000 after buying an additional 1,960 shares in the last quarter. 70.51% of the stock is currently owned by institutional investors.
EMR traded up $1.08 during midday trading on Wednesday, hitting $61.75. The company had a trading volume of 149,018 shares, compared to its average volume of 5,031,140. Emerson Electric Co. has a 52 week low of $55.38 and a 52 week high of $79.70. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.35. The company has a market cap of $37.39 billion, a P/E ratio of 18.25, a price-to-earnings-growth ratio of 1.90 and a beta of 1.20.
Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, November 6th. The industrial products company reported $0.89 EPS 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 return on equity of 23.06% and a net margin of 12.65%. The company’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 earnings per share. On average, research analysts forecast that Emerson Electric Co. will post 3.66 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 10th. Investors of record on Friday, November 16th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend was Thursday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.49. Emerson Electric’s payout ratio is currently 57.99%.
In other Emerson Electric news, insider Surendralal Lanca Karsanbhai sold 9,070 shares of the business’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $68.00, for a total transaction of $616,760.00. Following the transaction, the insider now owns 20,000 shares in the company, valued at $1,360,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.07% of the company’s stock.
A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Emerson Electric from a “hold” rating to a “sell” rating in a report on Tuesday, November 13th. Robert W. Baird set a $70.00 target price on shares of Emerson Electric and gave the company a “hold” rating in a report on Monday, December 17th. Cowen restated a “buy” rating and issued a $81.00 target price on shares of Emerson Electric in a report on Wednesday, September 19th. ValuEngine lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, December 12th. Finally, Stephens restated a “buy” rating and issued a $68.00 target price on shares of Emerson Electric in a report on Sunday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company. Emerson Electric presently has an average rating of “Hold” and an average target price of $74.91.
Emerson Electric Company Profile
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.
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