Emerson Electric Company (EMR) Shares Sold by Brown Advisory Securities LLC
Brown Advisory Securities LLC decreased its stake in shares of Emerson Electric Company (NYSE:EMR) by 9.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,105 shares of the industrial products company’s stock after selling 1,428 shares during the period. Brown Advisory Securities LLC’s holdings in Emerson Electric were worth $784,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in EMR. Guardian Life Insurance Co. of America raised its stake in shares of 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 in the last quarter. CAPROCK Group Inc. raised its stake in shares of Emerson Electric by 0.8% in the first quarter. CAPROCK Group Inc. now owns 4,689 shares of the industrial products company’s stock valued at $281,000 after buying an additional 37 shares in the last quarter. Cadence Bank NA raised its stake in shares of Emerson Electric by 0.3% in the first quarter. Cadence Bank NA now owns 12,322 shares of the industrial products company’s stock valued at $738,000 after buying an additional 37 shares in the last quarter. Lourd Capital LLC raised its stake in shares of Emerson Electric by 0.4% in the first quarter. Lourd Capital LLC now owns 9,242 shares of the industrial products company’s stock valued at $553,000 after buying an additional 40 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. raised its stake in shares of Emerson Electric by 1.3% in the first quarter. ZWJ Investment Counsel Inc. now owns 4,030 shares of the industrial products company’s stock valued at $241,000 after buying an additional 50 shares in the last quarter. 69.06% of the stock is owned by hedge funds and other institutional investors.
Emerson Electric Company (EMR) traded down 0.30% on Friday, reaching $58.96. The company’s stock had a trading volume of 443,499 shares. Emerson Electric Company has a one year low of $49.22 and a one year high of $64.36. The stock has a market cap of $37.74 billion, a P/E ratio of 26.31 and a beta of 1.20. The stock has a 50-day moving average of $59.83 and a 200-day moving average of $59.83.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.68 EPS for the quarter, meeting analysts’ consensus estimates of $0.68. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same period in the prior year, the company earned $0.68 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. On average, analysts predict that Emerson Electric Company will post $2.61 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 11th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Wednesday, August 9th. Emerson Electric’s payout ratio is 85.33%.
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Several brokerages have recently issued reports on EMR. Cowen and Company reaffirmed a “hold” rating and set a $62.00 target price on shares of Emerson Electric in a research report on Tuesday, May 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $67.00 price objective (up previously from $65.00) on shares of Emerson Electric in a report on Monday, May 15th. Royal Bank Of Canada reissued a “hold” rating and issued a $62.00 price objective on shares of Emerson Electric in a report on Tuesday, June 6th. BidaskClub lowered Emerson Electric from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, TheStreet raised Emerson Electric from a “c+” rating to a “b” rating in a report on Thursday, May 4th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price 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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