Emerson Electric Company (EMR) Shares Sold by Fayerweather Charles
Fayerweather Charles decreased its holdings in Emerson Electric Company (NYSE:EMR) by 14.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 5,900 shares of the industrial products company’s stock after selling 1,000 shares during the period. Fayerweather Charles’ holdings in Emerson Electric were worth $371,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Calamos Advisors LLC raised its holdings in Emerson Electric by 3.8% in the third quarter. Calamos Advisors LLC now owns 68,979 shares of the industrial products company’s stock valued at $4,335,000 after buying an additional 2,529 shares during the period. Rehmann Capital Advisory Group raised its holdings in Emerson Electric by 10.6% in the third quarter. Rehmann Capital Advisory Group now owns 12,620 shares of the industrial products company’s stock valued at $793,000 after buying an additional 1,212 shares during the period. Abbot Financial Management Inc. raised its holdings in Emerson Electric by 7.4% in the third quarter. Abbot Financial Management Inc. now owns 27,650 shares of the industrial products company’s stock valued at $1,845,000 after buying an additional 1,900 shares during the period. Highstreet Asset Management Inc. raised its holdings in Emerson Electric by 1.5% in the third quarter. Highstreet Asset Management Inc. now owns 190,572 shares of the industrial products company’s stock valued at $11,976,000 after buying an additional 2,786 shares during the period. Finally, Parsec Financial Management Inc. raised its holdings in Emerson Electric by 0.6% in the third quarter. Parsec Financial Management Inc. now owns 278,451 shares of the industrial products company’s stock valued at $17,498,000 after buying an additional 1,531 shares during the period. Hedge funds and other institutional investors own 69.00% of the company’s stock.
Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Emerson Electric from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Stifel Nicolaus restated a “buy” rating and issued a $75.00 price target on shares of Emerson Electric in a report on Monday. Cowen upgraded shares of Emerson Electric to a “buy” rating and set a $71.00 price objective on the stock in a research note on Monday, October 23rd. Goldman Sachs Group reiterated a “neutral” rating and set a $66.00 price objective on shares of Emerson Electric in a research note on Friday, December 8th. Finally, Bank of America upgraded shares of Emerson Electric from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $64.44 to $79.00 in a research note on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $65.86.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.83. The business had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.43 billion. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.74 earnings per share. 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 paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date was Thursday, November 16th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.48. Emerson Electric’s payout ratio is 82.55%.
In other Emerson Electric news, VP Bell Katherine Button sold 7,909 shares of Emerson Electric 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 transaction, the vice president now owns 44,628 shares of the company’s stock, valued at $2,891,001.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Frank J. Dellaquila sold 2,100 shares of Emerson Electric stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total transaction of $136,017.00. Following the completion of the transaction, the vice president now directly owns 178,743 shares of the company’s stock, valued at approximately $11,577,184.11. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,499 shares of company stock valued at $1,272,235. Insiders own 0.79% of the company’s stock.
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Emerson Electric 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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