Joel Isaacson & Co. LLC Has $361,000 Stake in Emerson Electric Company (EMR)
Joel Isaacson & Co. LLC maintained its position in shares of Emerson Electric Company (NYSE:EMR) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,056 shares of the industrial products company’s stock at the end of the second quarter. Joel Isaacson & Co. LLC’s holdings in Emerson Electric were worth $361,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of EMR. Oppenheimer Asset Management Inc. bought a new position in shares of Emerson Electric in the 1st quarter worth $127,000. AT Bancorp bought a new position in shares of Emerson Electric in the 2nd quarter worth $139,000. Harbour Capital Advisors LLC bought a new position in shares of Emerson Electric in the 1st quarter worth $147,000. Guardian Life Insurance Co. of America boosted its position in shares of Emerson Electric by 1.1% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,491 shares of the industrial products company’s stock worth $149,000 after purchasing an additional 28 shares during the last quarter. Finally, Perkins Coie Trust Co bought a new position in shares of Emerson Electric in the 2nd quarter worth $150,000. Institutional investors and hedge funds own 70.03% of the company’s stock.
Shares of Emerson Electric Company (NYSE EMR) opened at 63.70 on Friday. Emerson Electric Company has a one year low of $49.22 and a one year high of $64.36. The stock has a 50 day moving average price of $61.17 and a 200-day moving average price of $59.90. The company has a market capitalization of $40.77 billion, a price-to-earnings ratio of 28.42 and a beta of 1.22.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.68. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same period last year, the business posted $0.68 EPS. The business’s revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts expect that Emerson Electric Company will post $2.61 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 11th were given a dividend of $0.48 per share. The ex-dividend date was Wednesday, August 9th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.01%. Emerson Electric’s dividend payout ratio (DPR) is presently 85.33%.
In other news, insider Robert T. Sharp sold 2,000 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $58.99, for a total transaction of $117,980.00. Following the transaction, the insider now owns 64,290 shares of the company’s stock, valued at approximately $3,792,467.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.79% of the stock is owned by corporate insiders.
EMR has been the topic of several recent research reports. Royal Bank Of Canada restated a “sector perform” rating and issued a $62.00 price target (up from $61.00) on shares of Emerson Electric in a research report on Wednesday, August 2nd. Berenberg Bank restated a “sell” rating and issued a $53.00 price target on shares of Emerson Electric in a research report on Friday, August 11th. JMP Securities initiated coverage on Emerson Electric in a research report on Monday, June 19th. They issued an “outperform” rating and a $70.00 price target on the stock. Morgan Stanley restated an “overweight” rating on shares of Emerson Electric in a research report on Tuesday, July 11th. Finally, BidaskClub lowered Emerson Electric from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. Emerson Electric presently has an average rating of “Hold” and an average target price of $60.68.
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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