Emerson Electric Co. (NYSE:EMR) Shares Sold by Eudaimonia Partners LLC

Eudaimonia Partners LLC lowered its holdings in Emerson Electric Co. (NYSE:EMRGet Rating) by 66.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,695 shares of the industrial products company’s stock after selling 9,255 shares during the quarter. Eudaimonia Partners LLC’s holdings in Emerson Electric were worth $344,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. State Farm Mutual Automobile Insurance Co. increased its stake in shares of Emerson Electric by 1.3% in the second quarter. State Farm Mutual Automobile Insurance Co. now owns 5,794,718 shares of the industrial products company’s stock worth $460,912,000 after acquiring an additional 72,295 shares during the period. Nordea Investment Management AB grew its position in Emerson Electric by 18.1% during the third quarter. Nordea Investment Management AB now owns 5,126,275 shares of the industrial products company’s stock valued at $381,138,000 after buying an additional 784,453 shares during the period. FMR LLC grew its position in Emerson Electric by 35.5% during the second quarter. FMR LLC now owns 4,227,845 shares of the industrial products company’s stock valued at $336,283,000 after buying an additional 1,108,075 shares during the period. abrdn plc grew its position in Emerson Electric by 5.0% during the second quarter. abrdn plc now owns 3,480,440 shares of the industrial products company’s stock valued at $277,775,000 after buying an additional 164,505 shares during the period. Finally, Deutsche Bank AG grew its position in Emerson Electric by 52.0% during the second quarter. Deutsche Bank AG now owns 3,170,894 shares of the industrial products company’s stock valued at $252,213,000 after buying an additional 1,084,478 shares during the period. Institutional investors and hedge funds own 71.64% of the company’s stock.

Emerson Electric Stock Performance

NYSE:EMR opened at $89.00 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.51. The company’s 50-day moving average price is $95.18 and its 200-day moving average price is $87.63. Emerson Electric Co. has a twelve month low of $72.40 and a twelve month high of $100.00. The company has a market cap of $52.63 billion, a P/E ratio of 16.45, a P/E/G ratio of 2.52 and a beta of 1.41.

Emerson Electric (NYSE:EMRGet Rating) last issued its earnings results on Monday, October 31st. The industrial products company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.14. Emerson Electric had a net margin of 16.46% and a return on equity of 23.43%. The company had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.33 billion. During the same period in the previous year, the firm earned $1.21 earnings per share. Emerson Electric’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, sell-side analysts forecast that Emerson Electric Co. will post 4.08 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Friday, November 11th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, November 9th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.52. This represents a $2.08 dividend on an annualized basis and a yield of 2.34%. Emerson Electric’s payout ratio is 38.45%.

Wall Street Analyst Weigh In

Several research firms recently commented on EMR. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Saturday, November 19th. Mizuho lifted their target price on shares of Emerson Electric from $86.00 to $103.00 and gave the company a “neutral” rating in a research report on Wednesday, November 30th. Wells Fargo & Company lifted their target price on shares of Emerson Electric from $90.00 to $95.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 30th. UBS Group lowered shares of Emerson Electric from a “buy” rating to a “neutral” rating and dropped their target price for the company from $118.00 to $100.00 in a research report on Wednesday, January 4th. Finally, Morgan Stanley lifted their target price on shares of Emerson Electric from $90.00 to $92.00 and gave the company an “equal weight” rating in a research report on Thursday, November 3rd. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $98.77.

Insiders Place Their Bets

In other news, VP Sara Yang Bosco sold 10,977 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $91.13, for a total value of $1,000,334.01. Following the sale, the vice president now directly owns 118,205 shares of the company’s stock, valued at approximately $10,772,021.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Frank J. Dellaquila sold 4,617 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $91.40, for a total value of $421,993.80. Following the sale, the chief financial officer now directly owns 354,858 shares of the company’s stock, valued at approximately $32,434,021.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Sara Yang Bosco sold 10,977 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $91.13, for a total transaction of $1,000,334.01. Following the completion of the sale, the vice president now directly owns 118,205 shares in the company, valued at $10,772,021.65. The disclosure for this sale can be found here. 0.33% of the stock is owned by insiders.

Emerson Electric Profile

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Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, AspenTech, and Commercial & Residential Solutions segments.

Further Reading

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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