Mosaic Family Wealth LLC Trims Holdings in Emerson Electric Company (EMR)
Mosaic Family Wealth LLC cut its holdings in shares of Emerson Electric Company (NYSE:EMR) by 6.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,405 shares of the industrial products company’s stock after selling 3,597 shares during the quarter. Emerson Electric accounts for 1.2% of Mosaic Family Wealth LLC’s investment portfolio, making the stock its 10th largest position. Mosaic Family Wealth LLC’s holdings in Emerson Electric were worth $3,105,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the business. Captrust Financial Advisors acquired a new stake in shares of Emerson Electric in the 2nd quarter valued at $177,119,000. Vanguard Group Inc. raised its holdings in shares of Emerson Electric by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock valued at $2,615,777,000 after purchasing an additional 2,404,844 shares in the last quarter. Pictet Asset Management Ltd. raised its holdings in shares of Emerson Electric by 217.1% in the 2nd quarter. Pictet Asset Management Ltd. now owns 2,460,762 shares of the industrial products company’s stock valued at $145,480,000 after purchasing an additional 1,684,786 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Emerson Electric by 1.9% in the 2nd quarter. BlackRock Inc. now owns 40,954,867 shares of the industrial products company’s stock valued at $2,441,728,000 after purchasing an additional 778,791 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in shares of Emerson Electric by 47.0% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,917,343 shares of the industrial products company’s stock valued at $114,312,000 after purchasing an additional 612,812 shares in the last quarter. Institutional investors own 69.00% of the company’s stock.
In other Emerson Electric news, COO Edgar M. Purvis, Jr. sold 9,490 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $65.74, for a total transaction of $623,872.60. Following the transaction, the chief operating officer now directly owns 168,984 shares of the company’s stock, valued at approximately $11,109,008.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Bell Katherine Button sold 7,909 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $64.78, for a total transaction of $512,345.02. Following the transaction, the vice president now directly owns 44,628 shares in the company, valued at $2,891,001.84. The disclosure for this sale can be found here. Insiders have sold a total of 27,017 shares of company stock worth $1,771,129 over the last three months. 0.79% of the stock is currently owned by insiders.
Emerson Electric Company (EMR) opened at $66.51 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 1.30. The company has a market cap of $43,130.29, a price-to-earnings ratio of 26.05, a P/E/G ratio of 3.02 and a beta of 1.24. Emerson Electric Company has a 52-week low of $55.40 and a 52-week high of $67.83.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.43 billion. During the same period last year, the firm posted $0.74 EPS. Emerson Electric’s revenue for the quarter was up 12.8% on a year-over-year basis. research analysts predict that Emerson Electric Company will post 2.92 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Friday, November 17th were given a dividend of $0.485 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. This represents a $1.94 annualized dividend and a yield of 2.92%. The ex-dividend date was Thursday, November 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 82.55%.
A number of equities research analysts have recently weighed in on EMR shares. Edward Jones lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Cowen upgraded shares of Emerson Electric to a “buy” rating and set a $71.00 price objective on the stock in a report on Monday, October 23rd. Royal Bank of Canada restated a “neutral” rating on shares of Emerson Electric in a report on Thursday, November 9th. Citigroup reaffirmed a “sell” rating and issued a $61.00 target price (up from $58.00) on shares of Emerson Electric in a research report on Monday, October 9th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and issued a $65.00 target price (up from $60.00) on shares of Emerson Electric in a research report on Wednesday, November 8th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. Emerson Electric currently has an average rating of “Hold” and an average price target of $65.86.
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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