Emerson Electric Company (EMR) Stake Lessened by Tdam USA Inc.
Tdam USA Inc. lessened its stake in shares of Emerson Electric Company (NYSE:EMR) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 339,762 shares of the industrial products company’s stock after selling 8,569 shares during the quarter. Emerson Electric comprises approximately 1.0% of Tdam USA Inc.’s holdings, making the stock its 28th largest position. Tdam USA Inc. owned about 0.05% of Emerson Electric worth $19,835,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in EMR. Garrison Bradford & Associates Inc. bought a new stake in shares of Emerson Electric during the 1st quarter worth about $204,000. Linscomb & Williams Inc. boosted its stake in shares of Emerson Electric by 9.9% during the 1st quarter. Linscomb & Williams Inc. now owns 56,384 shares of the industrial products company’s stock worth $3,375,000 after acquiring an additional 5,064 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Emerson Electric by 95.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 428,000 shares of the industrial products company’s stock worth $25,620,000 after acquiring an additional 208,600 shares in the last quarter. Cadence Bank NA boosted its stake in shares of Emerson Electric by 0.3% during the 1st quarter. Cadence Bank NA now owns 12,322 shares of the industrial products company’s stock worth $738,000 after acquiring an additional 37 shares in the last quarter. Finally, Brookstone Capital Management boosted its stake in shares of Emerson Electric by 7.9% during the 1st quarter. Brookstone Capital Management now owns 103,452 shares of the industrial products company’s stock worth $6,193,000 after acquiring an additional 7,580 shares in the last quarter. Institutional investors own 70.03% of the company’s stock.
EMR has been the subject of several recent analyst reports. Royal Bank Of Canada restated a “sector perform” rating and set a $62.00 target price (up previously from $61.00) on shares of Emerson Electric in a research note on Wednesday, August 2nd. Berenberg Bank restated a “sell” rating and set a $53.00 target price on shares of Emerson Electric in a research note on Friday, August 11th. JMP Securities initiated coverage on Emerson Electric in a research note on Monday, June 19th. They set an “outperform” rating and a $70.00 target price for the company. Morgan Stanley restated an “overweight” rating on shares of Emerson Electric in a research note on Tuesday, July 11th. Finally, BidaskClub downgraded Emerson Electric from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $60.68.
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Emerson Electric Company (EMR) opened at 63.92 on Thursday. The firm has a 50-day moving average price of $60.88 and a 200 day moving average price of $59.84. The firm has a market cap of $40.91 billion, a PE ratio of 28.52 and a beta of 1.22. Emerson Electric Company has a 12-month low of $49.22 and a 12-month high of $64.36.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, hitting 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 analysts’ expectations of $3.99 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis. Equities research analysts forecast that Emerson Electric Company will post $2.61 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 11th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend was Wednesday, August 9th. Emerson Electric’s dividend payout ratio is presently 85.33%.
In other news, insider Robert T. Sharp sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $58.99, for a total transaction of $117,980.00. Following the completion of the sale, the insider now owns 64,290 shares in the company, valued at $3,792,467.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.79% of the company’s stock.
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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