Wilkins Investment Counsel Inc. boosted its position in Emerson Electric Company (NYSE:EMR) by 0.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,990 shares of the industrial products company’s stock after buying an additional 700 shares during the period. Emerson Electric comprises about 2.1% of Wilkins Investment Counsel Inc.’s holdings, making the stock its 25th largest position. Wilkins Investment Counsel Inc.’s holdings in Emerson Electric were worth $6,704,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in shares of Emerson Electric by 19.4% in the first quarter. American Century Companies Inc. now owns 4,338,862 shares of the industrial products company’s stock worth $259,724,000 after buying an additional 705,924 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Emerson Electric by 28.8% in the first quarter. UBS Asset Management Americas Inc. now owns 2,418,472 shares of the industrial products company’s stock worth $144,770,000 after buying an additional 540,927 shares in the last quarter. APG Asset Management N.V. boosted its position in shares of Emerson Electric by 17.9% in the first quarter. APG Asset Management N.V. now owns 3,352,519 shares of the industrial products company’s stock worth $200,682,000 after buying an additional 510,160 shares in the last quarter. Swiss National Bank boosted its position in shares of Emerson Electric by 27.1% in the first quarter. Swiss National Bank now owns 2,277,573 shares of the industrial products company’s stock worth $136,336,000 after buying an additional 485,200 shares in the last quarter. Finally, Smith Asset Management Group LP bought a new position in shares of Emerson Electric during the first quarter worth $23,733,000. 68.92% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Emerson Electric Company (EMR) opened at 59.96 on Wednesday. The stock’s 50 day moving average price is $59.79 and its 200 day moving average price is $59.74. Emerson Electric Company has a one year low of $49.22 and a one year high of $64.36. The firm has a market capitalization of $38.64 billion, a price-to-earnings ratio of 25.61 and a beta of 1.20.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.68 EPS for the quarter, meeting the consensus estimate of $0.68. Emerson Electric had a return on equity of 23.37% and a net margin of 8.72%. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the prior year, the firm posted $0.68 earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. Analysts expect that Emerson Electric Company will post $2.60 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 11th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $1.92 annualized dividend and a yield of 3.20%. Emerson Electric’s dividend payout ratio (DPR) is presently 81.70%.
A number of equities analysts recently weighed in on the company. BidaskClub cut Emerson Electric from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Stifel Nicolaus reissued a “buy” rating and issued a $68.00 price target on shares of Emerson Electric in a research note on Wednesday, July 19th. Morgan Stanley reissued an “overweight” rating on shares of Emerson Electric in a research note on Tuesday, July 11th. JMP Securities assumed coverage on Emerson Electric in a research note on Monday, June 19th. They issued an “outperform” rating and a $70.00 price target on the stock. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $62.00 price target on shares of Emerson Electric in a research note on Tuesday, June 6th. Four equities 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. The stock has an average rating of “Hold” and a consensus 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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