Vantage Investment Partners LLC lowered its position in Emerson Electric Company (NYSE:EMR) by 10.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 189,496 shares of the industrial products company’s stock after selling 21,001 shares during the period. Emerson Electric Company makes up 1.3% of Vantage Investment Partners LLC’s investment portfolio, making the stock its 25th largest position. Vantage Investment Partners LLC’s holdings in Emerson Electric Company were worth $11,344,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of EMR. Somerset Trust Co increased its position in Emerson Electric Company by 2.2% in the first quarter. Somerset Trust Co now owns 21,828 shares of the industrial products company’s stock worth $1,306,000 after buying an additional 474 shares during the period. Hall Capital Management Co. Inc. bought a new stake in shares of Emerson Electric Company during the fourth quarter worth approximately $1,265,000. Syntal Capital Partners LLC bought a new stake in shares of Emerson Electric Company during the fourth quarter worth approximately $420,000. Norges Bank bought a new stake in shares of Emerson Electric Company during the fourth quarter worth approximately $269,944,000. Finally, Viking Fund Management LLC boosted its stake in shares of Emerson Electric Company by 50.0% in the first quarter. Viking Fund Management LLC now owns 51,000 shares of the industrial products company’s stock worth $3,053,000 after buying an additional 17,000 shares in the last quarter. Hedge funds and other institutional investors own 69.86% of the company’s stock.
Shares of Emerson Electric Company (NYSE EMR) opened at 60.95 on Tuesday. The stock has a market capitalization of $39.28 billion, a price-to-earnings ratio of 26.04 and a beta of 1.17. The stock has a 50 day moving average price of $59.26 and a 200 day moving average price of $58.93. Emerson Electric Company has a 1-year low of $48.45 and a 1-year high of $64.36.
Emerson Electric Company (NYSE:EMR) last posted its quarterly earnings data on Tuesday, May 2nd. The industrial products company reported $0.58 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.58. The business had revenue of $3.57 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.57 earnings per share. Equities research analysts anticipate that Emerson Electric Company will post $2.59 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Friday, May 12th were given a dividend of $0.48 per share. The ex-dividend date was Wednesday, May 10th. This represents a $1.92 dividend on an annualized basis and a yield of 3.15%. Emerson Electric Company’s dividend payout ratio is presently 81.70%.
A number of analysts have recently commented on EMR shares. TheStreet raised Emerson Electric Company from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. Stifel Nicolaus reissued a “buy” rating and issued a $67.00 price target (up from $65.00) on shares of Emerson Electric Company in a research report on Monday, May 15th. Zacks Investment Research raised Emerson Electric Company from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Tuesday, February 14th. Cowen and Company reissued a “hold” rating and issued a $62.00 price target on shares of Emerson Electric Company in a research report on Tuesday, May 2nd. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $58.00 price target on shares of Emerson Electric Company in a research report on Tuesday, April 11th. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $55.57.
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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