KLCM Advisors Inc. maintained its position in shares of Emerson Electric Company (NYSE:EMR) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,000 shares of the industrial products company’s stock at the end of the first quarter. KLCM Advisors Inc.’s holdings in Emerson Electric were worth $419,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Command Financial Services Inc. raised its stake in shares of Emerson Electric by 18.9% in the first quarter. First Command Financial Services Inc. now owns 1,935 shares of the industrial products company’s stock worth $116,000 after buying an additional 307 shares during the last quarter. Central Bank & Trust Co. raised its stake in Emerson Electric by 31.3% in the first quarter. Central Bank & Trust Co. now owns 2,100 shares of the industrial products company’s stock valued at $126,000 after buying an additional 500 shares during the last quarter. Independent Advisor Alliance acquired a new stake in Emerson Electric during the fourth quarter valued at approximately $194,000. Milestone Group Inc. acquired a new stake in Emerson Electric during the first quarter valued at approximately $201,000. Finally, Wedgewood Investors Inc. PA acquired a new stake in Emerson Electric during the first quarter valued at approximately $204,000. 69.42% of the stock is owned by hedge funds and other institutional investors.
Emerson Electric Company (NYSE:EMR) traded down 0.50% during mid-day trading on Friday, hitting $58.00. 2,063,512 shares of the stock were exchanged. The company has a 50 day moving average of $59.85 and a 200 day moving average of $59.81. The firm has a market cap of $37.12 billion, a P/E ratio of 25.88 and a beta of 1.20. Emerson Electric Company has a 12-month low of $49.22 and a 12-month high of $64.36.
Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.68. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same period in the prior year, the firm earned $0.68 earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities analysts anticipate that Emerson Electric Company will post $2.61 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 11th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Wednesday, August 9th. Emerson Electric’s dividend payout ratio (DPR) is 85.33%.
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EMR has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, May 5th. BidaskClub raised shares of Emerson Electric from a “sell” rating to a “hold” rating in a report on Friday, June 16th. JMP Securities started coverage on shares of Emerson Electric in a report on Monday, June 19th. They set an “outperform” rating and a $70.00 price objective for the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $62.00 target price (up from $61.00) on shares of Emerson Electric in a report on Wednesday, August 2nd. Finally, Cowen and Company reaffirmed a “hold” rating and set a $62.00 target price on shares of Emerson Electric in a report on Tuesday, April 25th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company’s stock. Emerson Electric has an average rating of “Hold” and a consensus target price of $58.14.
Emerson Electric Company Profile
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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