New England Research & Management Inc. Decreases Stock Position in Emerson Electric Co. (NYSE:EMR)

by · The Cerbat Gem

New England Research & Management Inc. reduced its holdings in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 39.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,300 shares of the industrial products company’s stock after selling 3,473 shares during the period. New England Research & Management Inc.’s holdings in Emerson Electric were worth $512,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EMR. Glass Jacobson Investment Advisors llc purchased a new position in shares of Emerson Electric during the 2nd quarter valued at approximately $28,000. Resurgent Financial Advisors LLC purchased a new position in shares of Emerson Electric during the 4th quarter valued at approximately $32,000. Wolff Wiese Magana LLC boosted its stake in shares of Emerson Electric by 122.7% during the 2nd quarter. Wolff Wiese Magana LLC now owns 363 shares of the industrial products company’s stock valued at $33,000 after buying an additional 200 shares during the last quarter. Certified Advisory Corp purchased a new position in shares of Emerson Electric during the 1st quarter valued at approximately $34,000. Finally, West Tower Group LLC purchased a new position in shares of Emerson Electric during the 2nd quarter valued at approximately $35,000. 72.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on EMR shares. Royal Bank of Canada reduced their target price on Emerson Electric from $109.00 to $106.00 and set an “outperform” rating for the company in a research note on Wednesday, November 8th. Stephens reduced their price objective on Emerson Electric from $120.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, November 10th. Barclays reduced their price objective on Emerson Electric from $105.00 to $100.00 in a research note on Tuesday, October 10th. Argus upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research note on Monday, August 28th. Finally, Wells Fargo & Company reduced their price objective on Emerson Electric from $110.00 to $105.00 in a research note on Monday, October 9th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $104.61.

View Our Latest Analysis on Emerson Electric

Insider Activity

In other Emerson Electric news, Director Arthur F. Golden purchased 3,000 shares of the stock in a transaction dated Wednesday, November 8th. The shares were bought at an average cost of $85.64 per share, with a total value of $256,920.00. Following the completion of the acquisition, the director now owns 97,504 shares of the company’s stock, valued at $8,350,242.56. The purchase was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Surendralal Lanca Karsanbhai bought 10,000 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were purchased at an average cost of $88.20 per share, with a total value of $882,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 148,542 shares in the company, valued at $13,101,404.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Arthur F. Golden bought 3,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were purchased at an average cost of $85.64 per share, for a total transaction of $256,920.00. Following the completion of the acquisition, the director now owns 97,504 shares of the company’s stock, valued at $8,350,242.56. The disclosure for this purchase can be found here. Corporate insiders own 0.33% of the company’s stock.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $96.54 on Friday. The firm has a market capitalization of $55.04 billion, a PE ratio of 4.21, a P/E/G ratio of 1.58 and a beta of 1.32. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.75 and a quick ratio of 2.35. Emerson Electric Co. has a 1-year low of $76.94 and a 1-year high of $100.62. The business’s fifty day moving average price is $90.29 and its two-hundred day moving average price is $91.75.

Emerson Electric (NYSE:EMR – Get Free Report) last issued its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.01). The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.20 billion. Emerson Electric had a net margin of 87.17% and a return on equity of 11.78%. Emerson Electric’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the business posted $1.53 earnings per share. On average, research analysts expect that Emerson Electric Co. will post 5.29 EPS for the current year.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Friday, November 17th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.18%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Thursday, November 16th. Emerson Electric’s dividend payout ratio (DPR) is 9.16%.

Emerson Electric Company Profile

(Free Report)

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.

Featured Stories

Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR – Free Report).