Emerson Electric Company (EMR) Shares Bought by Delta Asset Management LLC TN
Delta Asset Management LLC TN increased its stake in shares of Emerson Electric Company (NYSE:EMR) by 2.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 103,084 shares of the industrial products company’s stock after buying an additional 2,201 shares during the period. Delta Asset Management LLC TN’s holdings in Emerson Electric were worth $6,146,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. First Command Financial Services Inc. boosted its position in Emerson Electric by 18.9% in the first quarter. First Command Financial Services Inc. now owns 1,935 shares of the industrial products company’s stock valued at $116,000 after buying an additional 307 shares during the last quarter. Central Bank & Trust Co. boosted its position in Emerson Electric by 31.3% in the first quarter. Central Bank & Trust Co. now owns 2,100 shares of the industrial products company’s stock valued at $126,000 after buying an additional 500 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Emerson Electric during the first quarter valued at approximately $127,000. Harbour Capital Advisors LLC bought a new position in Emerson Electric during the first quarter valued at approximately $147,000. Finally, Guardian Life Insurance Co. of America boosted its position in Emerson Electric by 1.1% in the first quarter. Guardian Life Insurance Co. of America now owns 2,491 shares of the industrial products company’s stock valued at $149,000 after buying an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 69.42% of the company’s stock.
Emerson Electric Company (NYSE:EMR) traded up 0.24% on Wednesday, reaching $59.55. 893,520 shares of the company’s stock were exchanged. The company has a market cap of $38.11 billion, a price-to-earnings ratio of 26.57 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. The stock’s 50 day moving average is $59.86 and its 200 day moving average is $59.83.
Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.68. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the previous year, the business posted $0.68 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities analysts anticipate that Emerson Electric Company will post $2.61 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 11th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Wednesday, August 9th. Emerson Electric’s dividend payout ratio is presently 85.33%.
A number of equities analysts have recently issued reports on the stock. TheStreet upgraded shares of Emerson Electric from a “c+” rating to a “b” rating in a research note on Thursday, May 4th. Stifel Nicolaus restated a “buy” rating and issued a $68.00 price objective on shares of Emerson Electric in a research note on Wednesday, July 19th. Zacks Investment Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Wednesday, April 19th. Cowen and Company restated a “hold” rating and issued a $62.00 price objective on shares of Emerson Electric in a research note on Tuesday, May 2nd. Finally, BidaskClub upgraded shares of Emerson Electric from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $58.14.
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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