Captrust Financial Advisors Invests $177.12 Million in Emerson Electric Company (EMR)
Captrust Financial Advisors bought a new position in shares of Emerson Electric Company (NYSE:EMR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,970,805 shares of the company’s stock, valued at approximately $177,119,000. Emerson Electric comprises 15.2% of Captrust Financial Advisors’ portfolio, making the stock its 2nd biggest position. Captrust Financial Advisors owned about 0.46% of Emerson Electric at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Oppenheimer Asset Management Inc. bought a new position in shares of Emerson Electric during the first quarter worth $127,000. AT Bancorp bought a new position in shares of Emerson Electric during the second quarter worth $139,000. Harbour Capital Advisors LLC bought a new position in shares of Emerson Electric during the first quarter worth $147,000. Guardian Life Insurance Co. of America boosted its position in shares of Emerson Electric by 1.1% during the first quarter. Guardian Life Insurance Co. of America now owns 2,491 shares of the company’s stock worth $149,000 after acquiring an additional 28 shares during the last quarter. Finally, Perkins Coie Trust Co bought a new position in shares of Emerson Electric during the second quarter worth $150,000. Hedge funds and other institutional investors own 70.14% of the company’s stock.
In other Emerson Electric news, insider Robert T. Sharp sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of C$58.99, for a total transaction of C$117,980.00. Following the transaction, the insider now owns 64,290 shares of the company’s stock, valued at approximately C$3,792,467.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.79% of the company’s stock.
Emerson Electric Company (EMR) opened at C$61.61 on Friday. The company has a market cap of $39,431.63, a PE ratio of 23.88, a P/E/G ratio of 2.81 and a beta of 1.24. Emerson Electric Company has a 12 month low of C$53.92 and a 12 month high of C$67.79. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.43.
Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, November 7th. The company reported C$0.83 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.83. The company had revenue of C$4.44 billion for the quarter, compared to the consensus estimate of C$4.43 billion. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 EPS. analysts forecast that Emerson Electric Company will post 2.9 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be paid a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Thursday, November 16th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. Emerson Electric’s dividend payout ratio (DPR) is currently 81.70%.
EMR has been the subject of several research reports. Cowen and Company upgraded shares of Emerson Electric from a “market perform” rating to an “outperform” rating in a research report on Tuesday, October 17th. Zacks Investment Research lowered shares of Emerson Electric from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Robert W. Baird reiterated a “hold” rating and set a $70.00 price objective on shares of Emerson Electric in a research report on Friday. Royal Bank Of Canada reiterated a “sector perform” rating and set a $62.00 price objective (up previously from $61.00) on shares of Emerson Electric in a research report on Wednesday, August 2nd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $72.00 price objective (up previously from $68.00) on shares of Emerson Electric in a research report on Thursday. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of C$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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