Dupont Capital Management Corp increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 13.5% in the 1st quarter, Holdings Channel reports. The firm owned 11,933 shares of the industrial products company’s stock after purchasing an additional 1,416 shares during the period. Dupont Capital Management Corp’s holdings in Emerson Electric were worth $817,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Moody National Bank Trust Division acquired a new stake in Emerson Electric in the 4th quarter valued at about $27,000. Massey Quick Simon & CO. LLC acquired a new stake in Emerson Electric in the 4th quarter valued at about $30,000. Norway Savings Bank raised its holdings in Emerson Electric by 60.1% in the 4th quarter. Norway Savings Bank now owns 533 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 200 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Emerson Electric in the 1st quarter valued at about $34,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in Emerson Electric in the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 72.62% of the company’s stock.
NYSE:EMR opened at $66.80 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.62. The company has a market cap of $43.70 billion, a P/E ratio of 19.76, a P/E/G ratio of 2.24 and a beta of 1.23. 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, May 7th. The industrial products company reported $0.84 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.84. The firm had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.64 billion. Emerson Electric had a net margin of 12.83% and a return on equity of 24.21%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company posted $0.76 EPS. As a group, equities analysts forecast 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, June 10th. Investors of record on Friday, May 17th will be given a dividend of $0.49 per share. The ex-dividend date is Thursday, May 16th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.93%. Emerson Electric’s payout ratio is currently 57.99%.
A number of analysts have commented on the stock. Zacks Investment Research downgraded shares of Emerson Electric from a “hold” rating to a “sell” rating in a report on Tuesday, April 30th. Citigroup upgraded shares of Emerson Electric from a “neutral” rating to a “buy” rating and increased their price objective for the company from $67.00 to $81.00 in a report on Monday, April 8th. Credit Suisse Group increased their price objective on shares of Emerson Electric from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, February 6th. Morgan Stanley set a $77.00 price objective on shares of Emerson Electric and gave the company a “buy” rating in a report on Friday, February 8th. Finally, Cowen reissued a “buy” rating and issued a $81.00 price target on shares of Emerson Electric in a research note on Tuesday, February 5th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Emerson Electric currently has a consensus rating of “Buy” and an average target price of $76.41.
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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