Janus Henderson Group PLC Has $6.73 Million Holdings in Emerson Electric Company (EMR)
Janus Henderson Group PLC boosted its stake in Emerson Electric Company (NYSE:EMR) by 32.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,830 shares of the industrial products company’s stock after buying an additional 27,934 shares during the period. Janus Henderson Group PLC’s holdings in Emerson Electric were worth $6,727,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. San Francisco Sentry Investment Group CA boosted its stake in Emerson Electric by 13.0% during the second quarter. San Francisco Sentry Investment Group CA now owns 18,161 shares of the industrial products company’s stock valued at $1,083,000 after buying an additional 2,090 shares in the last quarter. Cambria Investment Management L.P. acquired a new position in shares of Emerson Electric in the 2nd quarter valued at $1,941,000. Shelton Capital Management acquired a new position in shares of Emerson Electric in the 2nd quarter valued at $360,000. Flinton Capital Management LLC boosted its position in shares of Emerson Electric by 2.0% in the 2nd quarter. Flinton Capital Management LLC now owns 7,984 shares of the industrial products company’s stock valued at $476,000 after purchasing an additional 160 shares during the period. Finally, Prudential PLC boosted its position in shares of Emerson Electric by 2.3% in the 2nd quarter. Prudential PLC now owns 1,190,471 shares of the industrial products company’s stock valued at $70,975,000 after purchasing an additional 27,194 shares during the period. 69.35% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Emerson Electric Company (NYSE EMR) opened at $61.63 on Monday. Emerson Electric Company has a one year low of $53.92 and a one year high of $67.79. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.30 and a current ratio of 1.64. The firm has a market capitalization of $39,555.37, a PE ratio of 23.89, a PEG ratio of 2.90 and a beta of 1.24.
Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.83. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The company had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.43 billion. During the same period last year, the business earned $0.74 EPS. The business’s quarterly revenue was up 12.8% on a year-over-year basis. equities research analysts anticipate that Emerson Electric Company will post 2.91 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.485 per share. The ex-dividend date is Thursday, November 16th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.15%. Emerson Electric’s dividend payout ratio (DPR) is 82.55%.
In other news, insider Robert T. Sharp sold 2,000 shares of the firm’s stock in a transaction dated 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 directly owns 64,290 shares of the company’s stock, valued at approximately $3,792,467.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.79% of the stock is owned by company insiders.
A number of equities analysts recently weighed in on the company. Edward Jones lowered Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Cowen Inc lowered Emerson Electric from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 16th. Robert W. Baird restated a “hold” rating and set a $70.00 price objective on shares of Emerson Electric in a research report on Friday, November 10th. Royal Bank Of Canada restated a “neutral” rating on shares of Emerson Electric in a research report on Thursday, November 9th. Finally, Stifel Nicolaus restated a “buy” rating and set a $72.00 price objective (up from $68.00) on shares of Emerson Electric in a research report on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $65.14.
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Emerson Electric Company 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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