Heritage Wealth Advisors held its stake in shares of Emerson Electric Company (NYSE:EMR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,637 shares of the industrial products company’s stock at the end of the first quarter. Heritage Wealth Advisors’ holdings in Emerson Electric were worth $398,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the company. First Command Financial Services Inc. increased 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. increased its stake in shares of 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 worth $126,000 after buying an additional 500 shares during the last quarter. Milestone Group Inc. acquired a new stake in shares of Emerson Electric during the first quarter worth $201,000. Wedgewood Investors Inc. PA acquired a new stake in shares of Emerson Electric during the first quarter worth $204,000. Finally, Garrison Bradford & Associates Inc. acquired a new stake in shares of Emerson Electric during the first quarter worth $204,000. Hedge funds and other institutional investors own 68.92% of the company’s stock.
Emerson Electric Company (NYSE:EMR) opened at 59.61 on Tuesday. The company has a 50-day moving average of $59.82 and a 200 day moving average of $59.72. The company has a market cap of $38.42 billion, a PE ratio of 25.46 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 announced its quarterly earnings data 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. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.99 billion. Emerson Electric had a net margin of 8.72% and a return on equity of 23.37%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 earnings per share. On average, equities analysts forecast that Emerson Electric Company will post $2.60 earnings per share for the current fiscal year.
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A number of brokerages have weighed in on EMR. BidaskClub downgraded Emerson Electric from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Stifel Nicolaus reiterated a “buy” rating and set a $68.00 price target on shares of Emerson Electric in a report on Wednesday, July 19th. Cowen and Company reiterated a “hold” rating and set a $62.00 price target on shares of Emerson Electric in a report on Tuesday, May 2nd. Royal Bank Of Canada reiterated a “hold” rating and set a $58.00 price target on shares of Emerson Electric in a report on Tuesday, April 11th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Emerson Electric in a report on Tuesday, July 11th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $56.96.
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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