Vontobel Holding Ltd. raised its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 45.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 162,575 shares of the industrial products company's stock after acquiring an additional 51,043 shares during the period. Vontobel Holding Ltd.'s holdings in Emerson Electric were worth $17,781,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Transcendent Capital Group LLC bought a new stake in Emerson Electric in the 1st quarter valued at $31,000. Meeder Asset Management Inc. increased its holdings in shares of Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company's stock worth $33,000 after buying an additional 235 shares during the last quarter. Tributary Capital Management LLC bought a new stake in shares of Emerson Electric in the 1st quarter worth about $35,000. Rise Advisors LLC bought a new stake in shares of Emerson Electric in the 1st quarter worth about $36,000. Finally, Versant Capital Management Inc increased its holdings in shares of Emerson Electric by 471.9% in the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company's stock worth $36,000 after buying an additional 269 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.
Emerson Electric Stock Down 0.1 %
NYSE EMR traded down $0.12 on Thursday, hitting $110.47. The stock had a trading volume of 2,099,129 shares, compared to its average volume of 2,709,280. The business's fifty day moving average price is $105.52 and its 200 day moving average price is $109.23. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $119.53. The stock has a market cap of $63.20 billion, a price-to-earnings ratio of 5.91, a price-to-earnings-growth ratio of 1.70 and a beta of 1.30.
Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.01. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same period in the previous year, the company earned $1.29 earnings per share. The business's revenue for the quarter was up 11.0% on a year-over-year basis. Equities research analysts anticipate that Emerson Electric Co. will post 5.48 earnings per share for the current year.
Emerson Electric Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were paid a dividend of $0.525 per share. The ex-dividend date was Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.90%. Emerson Electric's payout ratio is currently 11.24%.
Wall Street Analysts Forecast Growth
EMR has been the topic of a number of research reports. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. Royal Bank of Canada cut their price target on shares of Emerson Electric from $140.00 to $139.00 and set an "outperform" rating on the stock in a report on Thursday, August 8th. Morgan Stanley assumed coverage on shares of Emerson Electric in a report on Friday, September 6th. They set an "underweight" rating and a $105.00 price target on the stock. StockNews.com downgraded shares of Emerson Electric from a "buy" rating to a "hold" rating in a report on Thursday, July 25th. Finally, Stephens downgraded shares of Emerson Electric from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $135.00 to $120.00 in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $125.47.
Check Out Our Latest Report on Emerson Electric
About Emerson Electric
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Free Report)
Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.
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