DF Dent & Co. Inc. Raises Stake in Emerson Electric Company (EMR)
DF Dent & Co. Inc. increased its stake in Emerson Electric Company (NYSE:EMR) by 11.6% during the first quarter, Holdings Channel reports. The fund owned 10,287 shares of the industrial products company’s stock after buying an additional 1,072 shares during the period. DF Dent & Co. Inc.’s holdings in Emerson Electric were worth $616,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of EMR. Vanguard Group Inc. increased its position in Emerson Electric by 5.8% in the first quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock valued at $2,615,777,000 after buying an additional 2,404,844 shares during the last quarter. Prudential Financial Inc. increased its position in Emerson Electric by 135.9% in the first quarter. Prudential Financial Inc. now owns 2,963,124 shares of the industrial products company’s stock valued at $177,372,000 after buying an additional 1,706,810 shares during the last quarter. American Century Companies Inc. increased its position in Emerson Electric by 19.4% in the first quarter. American Century Companies Inc. now owns 4,338,862 shares of the industrial products company’s stock valued at $259,724,000 after buying an additional 705,924 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Emerson Electric by 28.8% in the first quarter. UBS Asset Management Americas Inc. now owns 2,418,472 shares of the industrial products company’s stock valued at $144,770,000 after buying an additional 540,927 shares during the last quarter. Finally, APG Asset Management N.V. increased its position in Emerson Electric by 17.9% in the first quarter. APG Asset Management N.V. now owns 3,352,519 shares of the industrial products company’s stock valued at $200,682,000 after buying an additional 510,160 shares during the last quarter. Institutional investors own 69.06% of the company’s stock.
Shares of Emerson Electric Company (NYSE EMR) traded down 0.70% during trading on Thursday, hitting $59.61. 331,503 shares of the stock were exchanged. The firm has a 50 day moving average price of $59.82 and a 200 day moving average price of $59.84. The firm has a market capitalization of $38.15 billion, a P/E ratio of 26.60 and a beta of 1.20. Emerson Electric Company has a 52 week low of $49.22 and a 52 week high of $64.36.
Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.68. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same period last year, the company posted $0.68 EPS. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. Analysts forecast that Emerson Electric Company will post $2.61 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 11th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $1.92 annualized dividend and a yield of 3.20%. Emerson Electric’s dividend payout ratio is presently 85.33%.
Several research analysts have recently issued reports on EMR shares. TheStreet upgraded shares of Emerson Electric from a “c+” rating to a “b” rating in a report on Thursday, May 4th. Stifel Nicolaus reissued a “buy” rating and issued a $67.00 target price (up previously from $65.00) on shares of Emerson Electric in a research note on Monday, May 15th. Zacks Investment Research cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. JMP Securities assumed coverage on shares of Emerson Electric in a research note on Monday, June 19th. They issued an “outperform” rating and a $70.00 target price on the stock. Finally, Morgan Stanley reissued an “overweight” rating on shares of Emerson Electric in a research note on Tuesday, July 11th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company. Emerson Electric presently has a consensus rating of “Hold” and an average target price of $58.14.
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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