Emerson Electric Co. (EMR) Shares Bought by Atlanta Capital Group
Atlanta Capital Group increased its stake in Emerson Electric Co. (NYSE:EMR) by 23.2% during the second quarter, Holdings Channel reports. The institutional investor owned 6,590 shares of the company’s stock after buying an additional 1,241 shares during the period. Atlanta Capital Group’s holdings in Emerson Electric were worth $344,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Bruderman Asset Management LLC raised its stake in shares of Emerson Electric by 4.7% in the second quarter. Bruderman Asset Management LLC now owns 100,508 shares of the company’s stock valued at $5,242,000 after buying an additional 4,514 shares during the period. BKS Advisors LLC acquired a new stake in shares of Emerson Electric during the second quarter valued at $1,584,000. Victory Capital Management Inc. raised its stake in shares of Emerson Electric by 19.9% in the second quarter. Victory Capital Management Inc. now owns 69,979 shares of the company’s stock valued at $3,650,000 after buying an additional 11,613 shares during the period. Commerce Bank raised its stake in shares of Emerson Electric by 4.6% in the second quarter. Commerce Bank now owns 698,355 shares of the company’s stock valued at $36,427,000 after buying an additional 31,000 shares during the period. Finally, Nationwide Fund Advisors raised its stake in shares of Emerson Electric by 33.7% in the second quarter. Nationwide Fund Advisors now owns 488,581 shares of the company’s stock valued at $25,484,000 after buying an additional 123,198 shares during the period. Institutional investors own 69.36% of the company’s stock.
Shares of Emerson Electric Co. (NYSE:EMR) traded up 0.41% on Monday, reaching $51.30. 1,417,366 shares of the company were exchanged. The company’s 50-day moving average price is $53.74 and its 200 day moving average price is $53.32. Emerson Electric Co. has a 12 month low of $41.25 and a 12 month high of $56.82. The company has a market cap of $33.01 billion, a price-to-earnings ratio of 18.17 and a beta of 1.23.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by $0.04. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.34 billion. Emerson Electric had a return on equity of 24.63% and a net margin of 8.96%. On average, equities research analysts expect that Emerson Electric Co. will post $2.93 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were paid a dividend of $0.475 per share. The ex-dividend date was Wednesday, August 10th. This represents a $1.90 dividend on an annualized basis and a yield of 3.72%. Emerson Electric’s payout ratio is 67.38%.
Several analysts have recently weighed in on EMR shares. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Emerson Electric in a research report on Wednesday, June 22nd. Bank of America Corp. reiterated a “sell” rating on shares of Emerson Electric in a research report on Wednesday, June 22nd. Robert W. Baird reiterated a “neutral” rating and set a $58.00 target price on shares of Emerson Electric in a research report on Monday, June 27th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Emerson Electric in a research report on Monday, June 27th. Finally, Credit Suisse Group AG reiterated a “buy” rating on shares of Emerson Electric in a research report on Sunday, July 10th. Five investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. Emerson Electric has an average rating of “Hold” and a consensus price target of $52.82.
About Emerson Electric
Emerson Electric Co is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.
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