Regent Investment Management LLC boosted its stake in Emerson Electric Company (NYSE:EMR) by 41.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,814 shares of the industrial products company’s stock after buying an additional 3,460 shares during the period. Regent Investment Management LLC’s holdings in Emerson Electric were worth $704,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Winslow Evans & Crocker Inc. increased its position in shares of Emerson Electric by 57.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 21,488 shares of the industrial products company’s stock worth $1,282,000 after buying an additional 7,800 shares during the last quarter. Beese Fulmer Investment Management Inc. boosted its stake in Emerson Electric by 3.0% in the second quarter. Beese Fulmer Investment Management Inc. now owns 50,651 shares of the industrial products company’s stock worth $3,020,000 after buying an additional 1,490 shares during the period. OLD National Bancorp IN boosted its stake in Emerson Electric by 2.6% in the second quarter. OLD National Bancorp IN now owns 81,108 shares of the industrial products company’s stock worth $4,836,000 after buying an additional 2,036 shares during the period. Ledyard National Bank boosted its stake in Emerson Electric by 0.8% in the second quarter. Ledyard National Bank now owns 80,745 shares of the industrial products company’s stock worth $4,814,000 after buying an additional 610 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in Emerson Electric by 521.4% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 106,513 shares of the industrial products company’s stock worth $6,350,000 after buying an additional 89,371 shares during the period. 69.06% of the stock is currently owned by hedge funds and other institutional investors.
Emerson Electric Company (NYSE EMR) traded down 0.42% during midday trading on Friday, hitting $58.89. The stock had a trading volume of 2,802,773 shares. Emerson Electric Company has a 1-year low of $49.22 and a 1-year high of $64.36. The stock has a market capitalization of $37.69 billion, a PE ratio of 26.28 and a beta of 1.20. The stock’s 50-day moving average is $59.83 and its 200-day moving average is $59.84.
Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, August 1st. The industrial products company reported $0.68 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.68. The company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 EPS. On average, equities research analysts anticipate that Emerson Electric Company will post $2.61 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 11th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Wednesday, August 9th. Emerson Electric’s payout ratio is 85.33%.
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A number of analysts have recently weighed in on EMR shares. Zacks Investment Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Wednesday, April 19th. Cowen and Company reissued a “hold” rating and issued a $62.00 price target on shares of Emerson Electric in a report on Tuesday, April 25th. TheStreet raised shares of Emerson Electric from a “c+” rating to a “b” rating in a report on Thursday, May 4th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $67.00 target price (up previously from $65.00) on shares of Emerson Electric in a report on Monday, May 15th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $62.00 target price on shares of Emerson Electric in a report on Tuesday, June 6th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. Emerson Electric currently has a consensus rating of “Hold” and an average price target of $58.14.
About Emerson Electric
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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