Emerson Electric Co. (EMR) Stake Raised by John G Ullman & Associates Inc.
John G Ullman & Associates Inc. raised its stake in Emerson Electric Co. (NYSE:EMR) by 14.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 341,288 shares of the company’s stock after buying an additional 42,600 shares during the period. Emerson Electric makes up approximately 3.7% of John G Ullman & Associates Inc.’s investment portfolio, making the stock its 4th largest position. John G Ullman & Associates Inc.’s holdings in Emerson Electric were worth $17,802,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. Arcadia Investment Management Corp MI raised its position in shares of Emerson Electric by 11.4% in the second quarter. Arcadia Investment Management Corp MI now owns 2,281 shares of the company’s stock valued at $119,000 after buying an additional 234 shares during the last quarter. Americafirst Capital Management LLC purchased a new position in shares of Emerson Electric during the second quarter valued at $128,000. Integrated Investment Consultants LLC raised its position in shares of Emerson Electric by 99.5% in the second quarter. Integrated Investment Consultants LLC now owns 2,530 shares of the company’s stock valued at $132,000 after buying an additional 1,262 shares during the last quarter. Oakworth Capital Inc. raised its position in shares of Emerson Electric by 405.6% in the second quarter. Oakworth Capital Inc. now owns 2,705 shares of the company’s stock valued at $141,000 after buying an additional 2,170 shares during the last quarter. Finally, Badgley Phelps & Bell Inc. purchased a new position in shares of Emerson Electric during the first quarter valued at $205,000. 69.36% of the stock is owned by hedge funds and other institutional investors.
Shares of Emerson Electric Co. (NYSE:EMR) traded down 0.95% during midday trading on Friday, hitting $51.09. The company had a trading volume of 3,873,793 shares. The stock’s 50-day moving average price is $53.74 and its 200-day moving average price is $53.32. The stock has a market capitalization of $32.88 billion, a price-to-earnings ratio of 18.09 and a beta of 1.23. Emerson Electric Co. has a one year low of $41.25 and a one year high of $56.82.
Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, August 2nd. The company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.84 by $0.04. Emerson Electric had a return on equity of 24.63% and a net margin of 8.96%. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.34 billion. Analysts predict that Emerson Electric Co. will post $2.93 EPS for the current year.
The firm also recently announced 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. This represents a $1.90 annualized dividend and a yield of 3.72%. The ex-dividend date was Wednesday, August 10th. Emerson Electric’s payout ratio is presently 67.38%.
EMR has been the topic of a number of analyst reports. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Emerson Electric in a report on Wednesday, June 22nd. Wells Fargo & Co. reissued a “hold” rating and set a $52.00 price objective on shares of Emerson Electric in a report on Monday, July 18th. Deutsche Bank AG reissued a “hold” rating on shares of Emerson Electric in a report on Thursday. Morgan Stanley reissued a “hold” rating and set a $50.00 price objective on shares of Emerson Electric in a report on Monday, August 29th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of Emerson Electric in a report on Monday, June 27th. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price 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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