Brandywine Global Investment Management LLC Has $31.71 Million Holdings in Emerson Electric Company (EMR)
Brandywine Global Investment Management LLC lowered its stake in shares of Emerson Electric Company (NYSE:EMR) by 1.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 531,830 shares of the industrial products company’s stock after selling 10,270 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.08% of Emerson Electric worth $31,708,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in EMR. Vanguard Group Inc. lifted its position in shares of Emerson Electric by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 44,195,877 shares of the industrial products company’s stock worth $2,634,958,000 after buying an additional 497,625 shares in the last quarter. BlackRock Inc. lifted its position in shares of Emerson Electric by 1.9% during the 2nd quarter. BlackRock Inc. now owns 40,954,867 shares of the industrial products company’s stock worth $2,441,728,000 after buying an additional 778,791 shares in the last quarter. Longview Partners Guernsey LTD lifted its position in shares of Emerson Electric by 4.4% during the 2nd quarter. Longview Partners Guernsey LTD now owns 12,624,050 shares of the industrial products company’s stock worth $752,646,000 after buying an additional 526,712 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Emerson Electric by 4.3% during the 2nd quarter. Wells Fargo & Company MN now owns 10,532,262 shares of the industrial products company’s stock worth $627,933,000 after buying an additional 432,753 shares in the last quarter. Finally, American International Group Inc. lifted its position in shares of Emerson Electric by 0.6% during the 1st quarter. American International Group Inc. now owns 9,041,764 shares of the industrial products company’s stock worth $541,240,000 after buying an additional 53,444 shares in the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.
Shares of Emerson Electric Company (NYSE EMR) opened at $60.35 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.30 and a debt-to-equity ratio of 0.43. Emerson Electric Company has a 1-year low of $53.92 and a 1-year high of $67.79. The stock has a market cap of $38,676.06, a price-to-earnings ratio of 23.36, a price-to-earnings-growth ratio of 2.84 and a beta of 1.24.
Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.83. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The business had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.43 billion. During the same quarter in the previous year, the firm posted $0.74 EPS. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. equities research analysts forecast that Emerson Electric Company will post 2.91 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.485 per share. This is a boost from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.94 dividend on an annualized basis and a yield of 3.21%. Emerson Electric’s payout ratio is presently 82.55%.
In other Emerson Electric news, insider Robert T. Sharp sold 2,000 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $58.99, for a total transaction of $117,980.00. Following the sale, the insider now owns 64,290 shares of the company’s stock, valued at approximately $3,792,467.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.79% of the company’s stock.
Several equities analysts have commented on EMR shares. BidaskClub cut shares of Emerson Electric from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Royal Bank Of Canada reissued a “sector perform” rating and set a $62.00 target price (up previously from $61.00) on shares of Emerson Electric in a research report on Wednesday, August 2nd. Berenberg Bank reissued a “sell” rating and set a $53.00 target price on shares of Emerson Electric in a research report on Friday, August 11th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $67.00 price target (up previously from $64.00) on shares of Emerson Electric in a report on Monday, October 2nd. Finally, Citigroup Inc. reaffirmed a “sell” rating and issued a $61.00 price target (up previously from $58.00) on shares of Emerson Electric in a report on Monday, October 9th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company’s stock. Emerson Electric presently has an average rating of “Hold” and a consensus target price of $65.14.
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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