Mandatum Life Insurance Co Ltd held its stake in Emerson Electric Company (NYSE:EMR) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,659 shares of the industrial products company’s stock at the end of the first quarter. Mandatum Life Insurance Co Ltd’s holdings in Emerson Electric were worth $3,631,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in EMR. First Command Financial Services Inc. raised its stake in 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 valued at $116,000 after buying an additional 307 shares in 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 in the last quarter. Ancora Advisors LLC bought a new stake in Emerson Electric during the fourth quarter valued at $158,000. Independent Advisor Alliance bought a new stake in Emerson Electric during the fourth quarter valued at $194,000. Finally, Wedgewood Investors Inc. PA bought a new stake in Emerson Electric during the first quarter valued at $204,000. Institutional investors own 68.92% of the company’s stock.
Emerson Electric Company (NYSE:EMR) traded up 0.77% on Friday, hitting $61.15. 2,304,403 shares of the company traded hands. The firm’s 50 day moving average price is $59.79 and its 200 day moving average price is $59.74. Emerson Electric Company has a 1-year low of $49.22 and a 1-year high of $64.36. The firm has a market capitalization of $39.37 billion, a PE ratio of 27.29 and a beta of 1.20.
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, meeting the Thomson Reuters’ consensus estimate of $0.68. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter in the previous year, the company posted $0.68 EPS. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities research analysts predict that Emerson Electric Company will post $2.61 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 11th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Wednesday, August 9th. Emerson Electric’s payout ratio is currently 85.33%.
TRADEMARK VIOLATION WARNING: “Emerson Electric Company (EMR) Stake Held by Mandatum Life Insurance Co Ltd” was first reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://stocknewstimes.com/2017/08/05/mandatum-life-insurance-co-ltd-maintains-position-in-emerson-electric-company-emr-updated-updated.html.
A number of analysts have commented on the stock. Royal Bank Of Canada restated a “sector perform” rating and set a $62.00 price target (up previously from $61.00) on shares of Emerson Electric in a research note on Wednesday. BidaskClub lowered shares of Emerson Electric from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Cowen and Company reaffirmed a “hold” rating and set a $62.00 price objective on shares of Emerson Electric in a report on Tuesday, April 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $68.00 price objective on shares of Emerson Electric in a report on Wednesday, July 19th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Emerson Electric in a report on Tuesday, July 11th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $57.48.
About Emerson Electric
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.
Receive News & Ratings for Emerson Electric Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric Company and related companies with MarketBeat.com's FREE daily email newsletter.
