Webster Bank N. A. Holds Position in Emerson Electric Company (EMR)
Webster Bank N. A. maintained its stake in Emerson Electric Company (NYSE:EMR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,800 shares of the industrial products company’s stock at the close of the second quarter. Webster Bank N. A.’s holdings in Emerson Electric were worth $227,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the company. NN Investment Partners Holdings N.V. raised its holdings in shares of Emerson Electric by 115.3% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 25,433 shares of the industrial products company’s stock worth $1,516,000 after buying an additional 13,619 shares in the last quarter. Northwest Investment Counselors LLC increased its holdings in Emerson Electric by 0.5% during the 2nd quarter. Northwest Investment Counselors LLC now owns 47,543 shares of the industrial products company’s stock valued at $2,834,000 after purchasing an additional 230 shares in the last quarter. Pennsylvania Trust Co increased its holdings in Emerson Electric by 32.0% during the 2nd quarter. Pennsylvania Trust Co now owns 83,547 shares of the industrial products company’s stock valued at $4,981,000 after purchasing an additional 20,234 shares in the last quarter. Hays Advisory LLC increased its holdings in Emerson Electric by 5.4% during the 2nd quarter. Hays Advisory LLC now owns 4,584 shares of the industrial products company’s stock valued at $273,000 after purchasing an additional 234 shares in the last quarter. Finally, First Financial Bank Trust Division increased its holdings in Emerson Electric by 17.5% during the 2nd quarter. First Financial Bank Trust Division now owns 13,312 shares of the industrial products company’s stock valued at $793,000 after purchasing an additional 1,980 shares in the last quarter. 70.03% of the stock is owned by institutional investors and hedge funds.
Emerson Electric Company (EMR) remained flat at $63.44 during mid-day trading on Friday. 2,271,452 shares of the stock traded hands. The company’s 50-day moving average is $59.86 and its 200 day moving average is $59.57. Emerson Electric Company has a 52-week low of $49.22 and a 52-week high of $64.36. The firm has a market cap of $40.60 billion, a price-to-earnings ratio of 28.31 and a beta of 1.18.
Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.68. The company had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.99 billion. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 EPS. Equities research analysts anticipate that Emerson Electric Company will post $2.61 earnings per share for the current fiscal 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 of this dividend was Wednesday, August 9th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.03%. 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.
A number of equities research analysts recently weighed in on the company. BidaskClub cut Emerson Electric from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Stifel Nicolaus reaffirmed a “buy” rating and set a $68.00 price target on shares of Emerson Electric in a report on Wednesday, July 19th. Morgan Stanley reaffirmed an “overweight” rating on shares of Emerson Electric in a report on Tuesday, July 11th. JMP Securities assumed coverage on Emerson Electric in a report on Monday, June 19th. They set an “outperform” rating and a $70.00 price target for the company. Finally, Berenberg Bank reaffirmed a “sell” rating and set a $53.00 price target on shares of Emerson Electric in a report on Friday, August 11th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $60.52.
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.
Receive News & Ratings for Emerson Electric Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric Company and related companies with Analyst Ratings Network's FREE daily email newsletter.