Rothschild Investment Corp IL Boosts Position in Emerson Electric Company (NYSE:EMR)
Rothschild Investment Corp IL raised its stake in shares of Emerson Electric Company (NYSE:EMR) by 2.9% during the second quarter, Holdings Channel reports. The fund owned 13,127 shares of the industrial products company’s stock after buying an additional 372 shares during the period. Rothschild Investment Corp IL’s holdings in Emerson Electric were worth $783,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of EMR. Stokes & Hubbell Capital Management LLC increased its stake in Emerson Electric by 10.3% in the first quarter. Stokes & Hubbell Capital Management LLC now owns 9,970 shares of the industrial products company’s stock valued at $597,000 after buying an additional 934 shares during the last quarter. Gierl Augustine Investment Management Inc increased its stake in Emerson Electric by 7.7% in the first quarter. Gierl Augustine Investment Management Inc now owns 64,167 shares of the industrial products company’s stock valued at $3,841,000 after buying an additional 4,576 shares during the last quarter. TNB Financial acquired a new stake in Emerson Electric during the first quarter valued at about $14,419,000. Farmers Trust Co. increased its stake in Emerson Electric by 9.8% in the first quarter. Farmers Trust Co. now owns 5,974 shares of the industrial products company’s stock valued at $358,000 after buying an additional 535 shares during the last quarter. Finally, First PREMIER Bank increased its stake in Emerson Electric by 3.2% in the first quarter. First PREMIER Bank now owns 29,717 shares of the industrial products company’s stock valued at $1,779,000 after buying an additional 917 shares during the last quarter. 69.06% of the stock is owned by institutional investors and hedge funds.
Shares of Emerson Electric Company (NYSE EMR) traded down 0.42% during midday trading on Friday, reaching $58.89. The company had a trading volume of 2,802,773 shares. The company has a 50 day moving average of $59.83 and a 200 day moving average of $59.84. Emerson Electric Company has a 12-month low of $49.22 and a 12-month high of $64.36. The firm has a market capitalization of $37.69 billion, a price-to-earnings ratio of 26.28 and a beta of 1.20.
Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.68. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.99 billion. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the firm posted $0.68 earnings per share. Analysts anticipate that Emerson Electric Company will post $2.61 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 11th will be given a $0.48 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $1.92 annualized dividend and a yield of 3.26%. Emerson Electric’s payout ratio is 85.33%.
Several analysts recently issued reports on the stock. JMP Securities assumed coverage on shares of Emerson Electric in a research report on Monday, June 19th. They issued an “outperform” rating and a $70.00 price target for the company. Cowen and Company reaffirmed a “hold” rating and set a $62.00 price objective on shares of Emerson Electric in a report on Tuesday, May 2nd. BidaskClub raised shares of Emerson Electric from a “sell” rating to a “hold” rating in a report on Friday, June 16th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $62.00 price objective (up from $61.00) on shares of Emerson Electric in a report on Wednesday, August 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $68.00 price objective on shares of Emerson Electric in a report on Wednesday, July 19th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company. Emerson Electric presently has a consensus rating of “Hold” and an average price target of $58.14.
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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