Donoghue Forlines LLC Takes Position in Emerson Electric Co. (NYSE:EMR)

Donoghue Forlines LLC purchased a new position in Emerson Electric Co. (NYSE:EMRGet Rating) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,085 shares of the industrial products company’s stock, valued at approximately $1,031,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. EagleClaw Capital Managment LLC increased its stake in Emerson Electric by 4.0% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 25,847 shares of the industrial products company’s stock worth $2,436,000 after buying an additional 1,000 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Emerson Electric by 25.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 27,373 shares of the industrial products company’s stock worth $2,579,000 after buying an additional 5,583 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Emerson Electric by 53.5% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 34,433 shares of the industrial products company’s stock worth $3,244,000 after buying an additional 11,995 shares in the last quarter. Essex Financial Services Inc. increased its stake in Emerson Electric by 13.8% during the 3rd quarter. Essex Financial Services Inc. now owns 11,565 shares of the industrial products company’s stock worth $1,089,000 after buying an additional 1,404 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Emerson Electric by 9.2% during the 3rd quarter. Goldman Sachs Group Inc. now owns 2,261,927 shares of the industrial products company’s stock worth $213,074,000 after buying an additional 189,975 shares in the last quarter. 73.50% of the stock is owned by institutional investors.

In related news, insider Mark J. Bulanda sold 4,574 shares of the stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $97.35, for a total transaction of $445,278.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.78% of the company’s stock.

EMR has been the subject of several research reports. Deutsche Bank Aktiengesellschaft cut their price objective on Emerson Electric from $114.00 to $110.00 in a research note on Thursday, May 5th. Credit Suisse Group upped their price target on Emerson Electric from $111.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, February 3rd. Oppenheimer lowered their price target on Emerson Electric from $115.00 to $110.00 in a report on Monday, May 9th. Citigroup cut their price objective on Emerson Electric from $119.00 to $111.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, StockNews.com began coverage on Emerson Electric in a research report on Thursday, March 31st. They set a “buy” rating for the company. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $107.34.

Shares of NYSE:EMR traded down $2.08 during trading on Wednesday, reaching $84.31. 81,558 shares of the company’s stock traded hands, compared to its average volume of 3,043,451. Emerson Electric Co. has a 12 month low of $81.01 and a 12 month high of $105.99. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.68 and a quick ratio of 1.38. The stock has a market capitalization of $50.08 billion, a P/E ratio of 18.07, a price-to-earnings-growth ratio of 1.90 and a beta of 1.42. The company has a 50 day moving average of $93.10 and a 200-day moving average of $93.53.

Emerson Electric (NYSE:EMRGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.11. The business had revenue of $4.80 billion during the quarter, compared to analysts’ expectations of $4.71 billion. Emerson Electric had a net margin of 15.16% and a return on equity of 27.72%. The business’s revenue was up 8.3% on a year-over-year basis. During the same period last year, the firm posted $0.97 earnings per share. Equities research analysts predict that Emerson Electric Co. will post 5.04 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Friday, May 13th will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Thursday, May 12th. Emerson Electric’s dividend payout ratio (DPR) is presently 43.10%.

Emerson Electric Profile (Get Rating)

Emerson Electric Co designs and manufactures technology and engineering products for industrial, commercial, and consumer markets worldwide. The company operates through Automation Solutions and Commercial & Residential Solutions segments. The Automation Solutions segment offers measurement and analytical instrumentation, industrial valves and equipment, and process control software and systems.

See Also

Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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