Crossmark Global Holdings Inc. boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 13.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 167,557 shares of the industrial products company's stock after buying an additional 19,763 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Emerson Electric were worth $18,326,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in Emerson Electric during the 3rd quarter worth approximately $25,000. Transcendent Capital Group LLC acquired a new stake in shares of Emerson Electric in the 1st quarter valued at $31,000. Meeder Asset Management Inc. raised its holdings in shares of Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC acquired a new stake in shares of Emerson Electric in the 3rd quarter valued at $33,000. Finally, Versant Capital Management Inc raised its holdings in shares of Emerson Electric by 471.9% in the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 269 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.
Emerson Electric stock traded up $0.07 during midday trading on Friday, hitting $127.26. 2,748,179 shares of the company's stock were exchanged, compared to its average volume of 2,680,459. Emerson Electric Co. has a 12-month low of $85.00 and a 12-month high of $128.56. The stock has a market cap of $72.88 billion, a price-to-earnings ratio of 37.21, a price-to-earnings-growth ratio of 1.94 and a beta of 1.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 1.77. The firm's 50 day simple moving average is $108.39 and its 200 day simple moving average is $109.30.
Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.42 by $0.01. Emerson Electric had a net margin of 11.25% and a return on equity of 11.73%. The company had revenue of $4.38 billion during the quarter, compared to analysts' expectations of $4.44 billion. During the same quarter last year, the business earned $1.29 EPS. The business's revenue was up 11.0% on a year-over-year basis. Equities research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Friday, November 15th. This is a boost from Emerson Electric's previous quarterly dividend of $0.53. Emerson Electric's dividend payout ratio (DPR) is 61.40%.
In other news, SVP Michael H. Train sold 21,525 shares of the firm's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the sale, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.25% of the company's stock.
A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday. JPMorgan Chase & Co. lowered shares of Emerson Electric from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. Oppenheimer increased their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, September 26th. Stephens downgraded shares of Emerson Electric from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada dropped their target price on shares of Emerson Electric from $139.00 to $138.00 and set an "outperform" rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $127.65.
Get Our Latest Research Report on Emerson Electric
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.
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