Chartwell Investment Partners LLC boosted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 14.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 160,045 shares of the industrial products company’s stock after purchasing an additional 19,645 shares during the period. Chartwell Investment Partners LLC’s holdings in Emerson Electric were worth $9,563,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in EMR. Vanguard Group Inc boosted its holdings in shares of Emerson Electric by 2.4% in the 3rd quarter. Vanguard Group Inc now owns 51,601,229 shares of the industrial products company’s stock valued at $3,951,622,000 after acquiring an additional 1,214,362 shares during the last quarter. Capital World Investors boosted its holdings in Emerson Electric by 7.0% during the third quarter. Capital World Investors now owns 15,250,142 shares of the industrial products company’s stock worth $1,167,856,000 after buying an additional 1,000,000 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Emerson Electric by 3,146,008.7% during the third quarter. Bank of New York Mellon Corp now owns 9,375,404 shares of the industrial products company’s stock worth $717,967,000 after buying an additional 9,375,106 shares in the last quarter. FMR LLC boosted its holdings in Emerson Electric by 11.4% during the third quarter. FMR LLC now owns 3,822,068 shares of the industrial products company’s stock worth $292,693,000 after buying an additional 391,320 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in Emerson Electric by 4.7% during the third quarter. Legal & General Group Plc now owns 3,254,783 shares of the industrial products company’s stock worth $249,269,000 after buying an additional 145,296 shares in the last quarter. 71.14% of the stock is currently owned by institutional investors.
A number of brokerages recently issued reports on EMR. Zacks Investment Research downgraded shares of Emerson Electric from a “hold” rating to a “sell” rating in a report on Tuesday, November 13th. Credit Suisse Group increased their price target on shares of Emerson Electric from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, February 6th. Cowen reissued a “buy” rating and set a $81.00 price target on shares of Emerson Electric in a report on Tuesday, February 5th. Morgan Stanley set a $77.00 price target on shares of Emerson Electric and gave the stock a “buy” rating in a report on Friday. Finally, Robert W. Baird lowered their price target on shares of Emerson Electric from $80.00 to $78.00 and set a “neutral” rating on the stock in a report on Monday, November 12th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $76.28.
NYSE:EMR opened at $66.74 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.88 and a debt-to-equity ratio of 0.32. The firm has a market cap of $41.02 billion, a price-to-earnings ratio of 19.75, a P/E/G ratio of 2.10 and a beta of 1.20. Emerson Electric Co. has a fifty-two week low of $55.38 and a fifty-two week high of $79.70.
Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, February 5th. The industrial products company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.08. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Emerson Electric had a net margin of 12.83% and a return on equity of 24.21%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 earnings per share. As a group, equities research analysts predict that Emerson Electric Co. will post 3.7 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Friday, February 15th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Thursday, February 14th. Emerson Electric’s dividend payout ratio is presently 57.99%.
In other Emerson Electric news, insider Surendralal Lanca Karsanbhai sold 9,070 shares of the company’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 completion of the transaction, the insider now directly 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 accessible through this hyperlink. Corporate insiders own 0.07% of the company’s stock.
Emerson Electric 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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