Daiwa Securities Group Inc. raised its stake in Emerson Electric Company (NYSE:EMR) by 391.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 189,700 shares of the industrial products company’s stock after buying an additional 151,120 shares during the period. Daiwa Securities Group Inc.’s holdings in Emerson Electric Company were worth $11,355,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. DekaBank Deutsche Girozentrale raised its position in shares of Emerson Electric Company by 4.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 308,144 shares of the industrial products company’s stock valued at $18,470,000 after buying an additional 12,205 shares during the last quarter. Flinton Capital Management LLC raised its position in Emerson Electric Company by 23.2% in the first quarter. Flinton Capital Management LLC now owns 7,824 shares of the industrial products company’s stock valued at $468,000 after buying an additional 1,472 shares in the last quarter. American Century Companies Inc. raised its position in Emerson Electric Company by 19.4% in the first quarter. American Century Companies Inc. now owns 4,338,862 shares of the industrial products company’s stock valued at $259,724,000 after buying an additional 705,924 shares in the last quarter. Greatmark Investment Partners Inc. raised its position in Emerson Electric Company by 0.6% in the first quarter. Greatmark Investment Partners Inc. now owns 77,302 shares of the industrial products company’s stock valued at $4,627,000 after buying an additional 446 shares in the last quarter. Finally, Montag A & Associates Inc. raised its position in Emerson Electric Company by 6.7% in the first quarter. Montag A & Associates Inc. now owns 17,684 shares of the industrial products company’s stock valued at $1,059,000 after buying an additional 1,115 shares in the last quarter. Institutional investors own 69.82% of the company’s stock.
Emerson Electric Company (NYSE:EMR) opened at 58.64 on Thursday. The firm has a 50-day moving average of $59.25 and a 200-day moving average of $59.15. The firm has a market cap of $37.79 billion, a price-to-earnings ratio of 25.05 and a beta of 1.17. Emerson Electric Company has a one year low of $48.45 and a one year high of $64.36.
Emerson Electric Company (NYSE:EMR) last posted its quarterly earnings results on Tuesday, May 2nd. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. The company had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.49 billion. Emerson Electric Company had a net margin of 8.72% and a return on equity of 23.37%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the business posted $0.57 EPS. Analysts anticipate that Emerson Electric Company will post $2.60 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Friday, May 12th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date was Wednesday, May 10th. Emerson Electric Company’s payout ratio is 81.70%.
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Several research analysts have recently commented on EMR shares. TheStreet upgraded Emerson Electric Company from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. Zacks Investment Research cut Emerson Electric Company from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. Stifel Nicolaus reiterated a “buy” rating and issued a $67.00 price objective (up from $65.00) on shares of Emerson Electric Company in a research note on Monday, May 15th. HSBC Holdings plc upgraded Emerson Electric Company from a “reduce” rating to a “hold” rating and set a $55.00 price objective on the stock in a research note on Friday, March 3rd. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $58.00 price target on shares of Emerson Electric Company in a research note on Tuesday, April 11th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have issued a buy rating to the stock. Emerson Electric Company has an average rating of “Hold” and a consensus target price of $56.33.
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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