Emerson Electric Company (EMR) Position Decreased by Gamble Jones Investment Counsel
Gamble Jones Investment Counsel reduced its position in Emerson Electric Company (NYSE:EMR) by 1.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 111,026 shares of the industrial products company’s stock after selling 1,087 shares during the quarter. Gamble Jones Investment Counsel’s holdings in Emerson Electric were worth $7,737,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in EMR. Captrust Financial Advisors purchased a new position in Emerson Electric in the 2nd quarter valued at about $177,119,000. Longview Partners Guernsey LTD increased its stake in shares of Emerson Electric by 9.0% during the 3rd quarter. Longview Partners Guernsey LTD now owns 13,758,325 shares of the industrial products company’s stock valued at $864,573,000 after acquiring an additional 1,134,275 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Emerson Electric by 18.5% during the 4th quarter. American Century Companies Inc. now owns 5,525,308 shares of the industrial products company’s stock valued at $385,059,000 after acquiring an additional 861,558 shares during the last quarter. Alyeska Investment Group L.P. acquired a new position in shares of Emerson Electric during the 3rd quarter valued at about $49,644,000. Finally, BlackRock Inc. increased its stake in shares of Emerson Electric by 1.9% during the 2nd quarter. BlackRock Inc. now owns 40,954,867 shares of the industrial products company’s stock valued at $2,441,728,000 after acquiring an additional 778,791 shares during the last quarter. 68.27% of the stock is currently owned by institutional investors.
EMR has been the subject of a number of research analyst reports. Vertical Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Tuesday, January 2nd. Edward Jones downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Cowen raised shares of Emerson Electric from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $61.00 to $71.00 in a research report on Tuesday, November 28th. Royal Bank of Canada reaffirmed a “neutral” rating on shares of Emerson Electric in a research report on Thursday, November 9th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and issued a $66.00 price objective on shares of Emerson Electric in a research report on Friday, December 8th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $69.67.
In other news, VP Bell Katherine Button sold 7,909 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $64.78, for a total transaction of $512,345.02. Following the transaction, the vice president now directly owns 44,628 shares of the company’s stock, valued at $2,891,001.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Edgar M. Purvis, Jr. sold 9,490 shares of Emerson Electric stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $65.74, for a total value of $623,872.60. Following the transaction, the chief operating officer now directly owns 168,984 shares in the company, valued at $11,109,008.16. The disclosure for this sale can be found here. Insiders have sold 27,017 shares of company stock worth $1,771,129 over the last three months. Corporate insiders own 0.79% of the company’s stock.
Shares of Emerson Electric Company (NYSE:EMR) traded up $0.10 during midday trading on Friday, reaching $72.19. The company’s stock had a trading volume of 1,865,157 shares, compared to its average volume of 4,044,729. Emerson Electric Company has a 1 year low of $56.77 and a 1 year high of $74.45. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.32 and a quick ratio of 1.02. The firm has a market capitalization of $45,828.96, a price-to-earnings ratio of 27.04, a PEG ratio of 2.20 and a beta of 1.19.
Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.04. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.72 billion. Emerson Electric had a return on equity of 20.73% and a net margin of 10.09%. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same period last year, the company earned $0.49 earnings per share. equities research analysts predict that Emerson Electric Company will post 3.11 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 16th will be issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is 78.23%.
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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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