Mosaic Family Wealth LLC increased its position in Emerson Electric Company (NYSE:EMR) by 20.5% during the third quarter, Holdings Channel reports. The institutional investor owned 24,111 shares of the company’s stock after buying an additional 4,104 shares during the period. Emerson Electric Company accounts for approximately 0.6% of Mosaic Family Wealth LLC’s investment portfolio, making the stock its 26th largest position. Mosaic Family Wealth LLC’s holdings in Emerson Electric Company were worth $1,314,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. Schafer Cullen Capital Management Inc. raised its stake in Emerson Electric Company by 15.4% in the third quarter. Schafer Cullen Capital Management Inc. now owns 121,455 shares of the company’s stock worth $6,621,000 after buying an additional 16,207 shares in the last quarter. Cullen Capital Management LLC raised its stake in Emerson Electric Company by 86.6% in the third quarter. Cullen Capital Management LLC now owns 22,635 shares of the company’s stock worth $1,234,000 after buying an additional 10,505 shares in the last quarter. Lombard Odier Asset Management Europe Ltd bought a new stake in Emerson Electric Company during the third quarter worth $580,000. Dean Investment Associates LLC raised its stake in Emerson Electric Company by 0.9% in the third quarter. Dean Investment Associates LLC now owns 95,177 shares of the company’s stock worth $5,188,000 after buying an additional 863 shares in the last quarter. Finally, Laurel Wealth Advisors Inc. raised its stake in Emerson Electric Company by 2.4% in the third quarter. Laurel Wealth Advisors Inc. now owns 17,684 shares of the company’s stock worth $964,000 after buying an additional 415 shares in the last quarter. Institutional investors own 71.04% of the company’s stock.
Shares of Emerson Electric Company (NYSE:EMR) opened at 63.26 on Monday. Emerson Electric Company has a 52-week low of $45.82 and a 52-week high of $63.50. The stock’s 50 day moving average price is $58.42 and its 200-day moving average price is $54.61. The firm has a market capitalization of $40.81 billion, a PE ratio of 25.66 and a beta of 1.17.
Emerson Electric Company (NYSE:EMR) last announced its quarterly earnings results on Tuesday, February 7th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. Emerson Electric Company had a net margin of 8.50% and a return on equity of 24.26%. The firm earned $3.20 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the previous year, the company earned $0.56 earnings per share. Emerson Electric 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 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Friday, February 17th will be given a $0.48 dividend. The ex-dividend date is Wednesday, February 15th. This represents a $1.92 dividend on an annualized basis and a yield of 3.04%. Emerson Electric Company’s dividend payout ratio (DPR) is presently 77.73%.
A number of analysts have weighed in on the company. Stifel Nicolaus upped their target price on Emerson Electric Company from $63.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday. Wells Fargo & Company reiterated a “market perform” rating on shares of Emerson Electric Company in a report on Wednesday, February 8th. Barclays PLC increased their price objective on Emerson Electric Company from $56.00 to $63.00 and gave the company an “equal weight” rating in a report on Wednesday, February 8th. RBC Capital Markets reiterated a “hold” rating and set a $55.00 price objective on shares of Emerson Electric Company in a report on Wednesday, February 8th. Finally, Goldman Sachs Group, Inc. (The) upgraded Emerson Electric Company from a “sell” rating to a “neutral” rating and set a $60.00 price objective for the company in a report on Friday, January 27th. Five analysts have rated the stock with a sell rating, seventeen have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target 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.
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