Emerson Electric Company (EMR) Holdings Reduced by Meyer Handelman Co.
Meyer Handelman Co. reduced its stake in Emerson Electric Company (NYSE:EMR) by 0.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 138,580 shares of the industrial products company’s stock after selling 780 shares during the period. Meyer Handelman Co.’s holdings in Emerson Electric were worth $8,708,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in EMR. Tower Research Capital LLC TRC acquired a new stake in shares of Emerson Electric in the second quarter valued at approximately $109,000. Intellectus Partners LLC boosted its holdings in shares of Emerson Electric by 0.3% in the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 7 shares during the period. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Emerson Electric in the second quarter valued at approximately $129,000. AT Bancorp acquired a new stake in shares of Emerson Electric in the second quarter valued at approximately $139,000. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of Emerson Electric in the first quarter valued at approximately $147,000. Institutional investors own 69.00% of the company’s stock.
In other Emerson Electric news, VP Frank J. Dellaquila sold 2,100 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total value of $136,017.00. Following the completion of the sale, the vice president now owns 178,743 shares of the company’s stock, valued at $11,577,184.11. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Bell Katherine Button sold 7,909 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $64.78, for a total value of $512,345.02. Following the completion of the sale, the vice president now directly owns 44,628 shares of the company’s stock, valued at approximately $2,891,001.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,499 shares of company stock valued at $1,272,235. Corporate insiders own 0.79% of the company’s stock.
Shares of Emerson Electric Company (EMR) traded down $0.14 during midday trading on Tuesday, hitting $66.41. The company had a trading volume of 2,291,900 shares, compared to its average volume of 3,432,599. 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 52-week low of $55.40 and a 52-week high of $67.79. The firm has a market capitalization of $42,713.11, a P/E ratio of 25.80, a PEG ratio of 3.13 and a beta of 1.24.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.43 billion. During the same period last year, the company earned $0.74 earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. research analysts expect that Emerson Electric Company will post 2.92 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Friday, November 17th were issued a dividend of $0.485 per share. The ex-dividend date of this dividend was Thursday, November 16th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. This represents a $1.94 annualized dividend and a dividend yield of 2.92%. Emerson Electric’s dividend payout ratio (DPR) is currently 82.55%.
Several equities research analysts have recently weighed in on the company. Stifel Nicolaus reissued a “buy” rating on shares of Emerson Electric in a report on Thursday, October 12th. Edward Jones downgraded Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Cowen raised Emerson Electric to a “buy” rating and set a $71.00 price objective for the company in a report on Monday, October 23rd. Zacks Investment Research raised Emerson Electric from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Citigroup set a $61.00 price objective on Emerson Electric and gave the company a “sell” rating in a report on Tuesday, November 28th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $65.86.
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About Emerson Electric
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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