Emerson Electric Company (EMR) Shares Sold by First Trust Advisors LP
First Trust Advisors LP lowered its holdings in Emerson Electric Company (NYSE:EMR) by 7.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 656,684 shares of the industrial products company’s stock after selling 49,416 shares during the period. First Trust Advisors LP owned approximately 0.10% of Emerson Electric worth $41,266,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new stake in shares of Emerson Electric during the second quarter worth $109,000. Intellectus Partners LLC raised its holdings in shares of Emerson Electric by 0.3% during the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 7 shares in the last quarter. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Emerson Electric during the second quarter worth $129,000. AT Bancorp purchased a new stake in shares of Emerson Electric during the second quarter worth $139,000. Finally, Harbour Capital Advisors LLC purchased a new stake in shares of Emerson Electric during the first quarter worth $147,000. Institutional investors own 69.00% of the company’s stock.
In related news, VP Bell Katherine Button sold 7,909 shares of Emerson Electric stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $64.78, for a total transaction of $512,345.02. Following the sale, the vice president now directly owns 44,628 shares of the company’s stock, valued at $2,891,001.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Frank J. Dellaquila sold 2,100 shares of Emerson Electric stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total value of $136,017.00. Following the sale, the vice president now directly owns 178,743 shares in the company, valued at $11,577,184.11. The disclosure for this sale can be found here. Company insiders own 0.79% of the company’s stock.
EMR has been the subject of several recent research reports. Edward Jones lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Wells Fargo & Company reiterated a “market perform” rating and set a $65.00 price objective (up from $60.00) on shares of Emerson Electric in a report on Wednesday, November 8th. Stifel Nicolaus reiterated a “buy” rating on shares of Emerson Electric in a report on Thursday, October 12th. Bank of America raised shares of Emerson Electric from a “neutral” rating to a “buy” rating and increased their target price for the stock from $64.44 to $79.00 in a research report on Tuesday, October 17th. Finally, Zacks Investment Research downgraded shares of Emerson Electric from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $65.86.
Shares of Emerson Electric Company (EMR) opened at $66.55 on Monday. The stock has a market capitalization of $42,713.11, a PE ratio of 25.80, a PEG ratio of 3.13 and a beta of 1.24. Emerson Electric Company has a 1 year low of $55.40 and a 1 year high of $67.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 1.30.
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, meeting the Thomson Reuters’ consensus estimate of $0.83. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.43 billion. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same period last year, the business posted $0.74 earnings per share. sell-side analysts predict that Emerson Electric Company will post 2.92 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be given a $0.485 dividend. 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%. The ex-dividend date is Thursday, November 16th. Emerson Electric’s dividend payout ratio (DPR) is currently 82.55%.
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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