OLD Republic International Corp held its position in shares of Emerson Electric Company (NYSE:EMR) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 705,500 shares of the company’s stock at the end of the third quarter. Emerson Electric Company accounts for approximately 1.6% of OLD Republic International Corp’s investment portfolio, making the stock its 20th largest position. OLD Republic International Corp’s holdings in Emerson Electric Company were worth $36,846,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Hanson & Doremus Investment Management increased its stake in shares of Emerson Electric Company by 4.1% in the second quarter. Hanson & Doremus Investment Management now owns 27,398 shares of the company’s stock valued at $1,429,000 after buying an additional 1,070 shares during the period. FTB Advisors Inc. increased its stake in shares of Emerson Electric Company by 2.0% in the second quarter. FTB Advisors Inc. now owns 8,857 shares of the company’s stock valued at $461,000 after buying an additional 177 shares during the period. Monarch Capital Management Inc. increased its stake in shares of Emerson Electric Company by 0.7% in the second quarter. Monarch Capital Management Inc. now owns 109,390 shares of the company’s stock valued at $5,706,000 after buying an additional 800 shares during the period. Signaturefd LLC increased its stake in shares of Emerson Electric Company by 26.1% in the second quarter. Signaturefd LLC now owns 7,550 shares of the company’s stock valued at $394,000 after buying an additional 1,561 shares during the period. Finally, Glenview State Bank Trust DEPT. increased its stake in shares of Emerson Electric Company by 0.8% in the second quarter. Glenview State Bank Trust DEPT. now owns 86,495 shares of the company’s stock valued at $4,512,000 after buying an additional 650 shares during the period. 71.04% of the stock is currently owned by institutional investors.
Shares of Emerson Electric Company (NYSE:EMR) opened at 64.15 on Tuesday. The stock has a market cap of $41.38 billion, a PE ratio of 26.02 and a beta of 1.17. The company’s 50-day moving average price is $58.64 and its 200-day moving average price is $54.65. Emerson Electric Company has a one year low of $45.36 and a one year high of $64.27.
Emerson Electric Company (NYSE:EMR) last issued its quarterly earnings data on Tuesday, February 7th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. Emerson Electric Company had a return on equity of 24.26% and a net margin of 8.50%. The business had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the prior year, the business posted $0.56 earnings per share. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. Equities research analysts anticipate that Emerson Electric Company will post $2.45 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 10th. Shareholders of record on Friday, February 17th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $1.92 dividend on an annualized basis and a yield of 2.99%. Emerson Electric Company’s dividend payout ratio (DPR) is presently 77.73%.
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Several equities research analysts recently issued reports on the company. TheStreet downgraded Emerson Electric Company from a “buy” rating to a “hold” rating in a report on Tuesday, November 1st. Barclays PLC upped their price objective on Emerson Electric Company from $56.00 to $63.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 8th. Wells Fargo & Company restated a “market perform” rating on shares of Emerson Electric Company in a research note on Wednesday, February 8th. Stifel Nicolaus upped their price objective on Emerson Electric Company from $63.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, February 9th. Finally, RBC Capital Markets restated a “hold” rating and issued a $55.00 price objective on shares of Emerson Electric Company in a research note on Wednesday, February 8th. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $54.07.
In other Emerson Electric Company news, VP Steven J. Pelch sold 7,839 shares of the company’s stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $63.31, for a total transaction of $496,287.09. Following the sale, the vice president now directly owns 72,647 shares in the company, valued at $4,599,281.57. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.79% of the company’s stock.
Emerson Electric Company Company Profile
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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