Ontario Teachers Pension Plan Board boosted its position in Emerson Electric Company (NYSE:EMR) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,344 shares of the industrial products company’s stock after purchasing an additional 6,130 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Emerson Electric were worth $9,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Synovus Financial Corp increased its holdings in shares of Emerson Electric by 1.0% in the 4th quarter. Synovus Financial Corp now owns 122,916 shares of the industrial products company’s stock worth $8,555,000 after buying an additional 1,266 shares during the last quarter. D L Carlson Investment Group Inc. increased its holdings in shares of Emerson Electric by 9.1% in the 4th quarter. D L Carlson Investment Group Inc. now owns 87,228 shares of the industrial products company’s stock worth $6,079,000 after buying an additional 7,275 shares during the last quarter. Employees Retirement System of Texas increased its holdings in shares of Emerson Electric by 5.1% in the 4th quarter. Employees Retirement System of Texas now owns 41,000 shares of the industrial products company’s stock worth $2,857,000 after buying an additional 2,000 shares during the last quarter. Wedbush Securities Inc. increased its holdings in shares of Emerson Electric by 10.4% in the 4th quarter. Wedbush Securities Inc. now owns 14,024 shares of the industrial products company’s stock worth $977,000 after buying an additional 1,319 shares during the last quarter. Finally, Trustcore Financial Services LLC bought a new position in shares of Emerson Electric in the 4th quarter worth $160,000. Institutional investors and hedge funds own 68.27% of the company’s stock.
A number of equities analysts have recently commented on EMR shares. Vertical Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Tuesday, January 2nd. Edward Jones lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Cowen raised shares of Emerson Electric from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $61.00 to $71.00 in a report on Tuesday, November 28th. Royal Bank of Canada reissued a “neutral” rating on shares of Emerson Electric in a report on Thursday, November 9th. Finally, Goldman Sachs Group reissued a “neutral” rating and issued a $66.00 price target on shares of Emerson Electric in a report on Friday, December 8th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $69.67.
Emerson Electric Company (NYSE EMR) opened at $71.07 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. Emerson Electric Company has a twelve month low of $56.77 and a twelve month high of $74.45. The company has a market cap of $46,336.80, a price-to-earnings ratio of 27.34, a P/E/G ratio of 2.29 and a beta of 1.19.
Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, February 6th. The industrial products company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.04. Emerson Electric had a net margin of 10.09% and a return on equity of 20.73%. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter last year, the firm earned $0.49 EPS. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. research analysts forecast that Emerson Electric Company will post 3.13 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 16th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Thursday, February 15th. Emerson Electric’s dividend payout ratio is currently 78.23%.
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Emerson Electric 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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