Lombard Odier Asset Management Europe Ltd Buys Shares of 10,633 Emerson Electric Company (EMR)

Lombard Odier Asset Management Europe Ltd bought a new stake in Emerson Electric Company (NYSE:EMR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,633 shares of the company’s stock, valued at approximately $580,000.

Other hedge funds have also modified their holdings of the company. BlackRock Institutional Trust Company N.A. raised its stake in shares of Emerson Electric Company by 0.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 16,676,107 shares of the company’s stock valued at $909,015,000 after buying an additional 118,583 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Emerson Electric Company by 0.7% in the third quarter. Bank of New York Mellon Corp now owns 14,405,597 shares of the company’s stock valued at $785,251,000 after buying an additional 99,471 shares in the last quarter. Longview Partners Guernsey LTD raised its stake in shares of Emerson Electric Company by 1.6% in the third quarter. Longview Partners Guernsey LTD now owns 13,079,698 shares of the company’s stock valued at $712,974,000 after buying an additional 202,009 shares in the last quarter. Capital World Investors raised its stake in shares of Emerson Electric Company by 35.8% in the third quarter. Capital World Investors now owns 12,900,000 shares of the company’s stock valued at $703,179,000 after buying an additional 3,400,000 shares in the last quarter. Finally, BlackRock Fund Advisors raised its stake in shares of Emerson Electric Company by 4.5% in the third quarter. BlackRock Fund Advisors now owns 12,292,977 shares of the company’s stock valued at $670,090,000 after buying an additional 528,473 shares in the last quarter. 70.97% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Emerson Electric Company (NYSE:EMR)

Emerson Electric Company (NYSE:EMR) traded up 0.88% during midday trading on Friday, reaching $63.26. The company’s stock had a trading volume of 4,619,032 shares. The firm has a 50 day moving average price of $58.42 and a 200-day moving average price of $54.61. Emerson Electric Company has a 52 week low of $45.82 and a 52 week high of $63.50. The firm has a market cap of $40.81 billion, a P/E ratio of 25.66 and a beta of 1.17.

Emerson Electric Company (NYSE:EMR) last issued its earnings results on Tuesday, February 7th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.07. The firm earned $3.20 billion during the quarter, compared to analyst estimates of $3.17 billion. Emerson Electric Company had a net margin of 8.50% and a return on equity of 24.26%. The business’s revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.56 earnings per share. On average, analysts forecast that Emerson Electric Company will post $2.45 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Friday, February 17th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Wednesday, February 15th. Emerson Electric Company’s dividend payout ratio is currently 77.73%.

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Several equities analysts have weighed in on EMR shares. Zacks Investment Research upgraded Emerson Electric Company from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 19th. Vetr lowered Emerson Electric Company from a “sell” rating to a “strong sell” rating and set a $45.32 target price on the stock. in a report on Tuesday, November 1st. TheStreet lowered Emerson Electric Company from a “buy” rating to a “hold” rating in a report on Tuesday, November 1st. Buckingham Research upgraded Emerson Electric Company from an “underperform” rating to a “neutral” rating in a report on Tuesday, December 13th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of Emerson Electric Company in a report on Thursday, December 15th. Five equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $54.07.

About Emerson Electric Company

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.

5 Day Chart for NYSE:EMR

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