Tiemann Investment Advisors LLC grew its stake in shares of Emerson Electric Co. (NYSE:EMR) by 4.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 5,129 shares of the industrial products company’s stock after purchasing an additional 200 shares during the period. Tiemann Investment Advisors LLC’s holdings in Emerson Electric were worth $351,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of EMR. Vanguard Group Inc lifted its stake in Emerson Electric by 2.4% during the third quarter. Vanguard Group Inc now owns 51,601,229 shares of the industrial products company’s stock worth $3,951,622,000 after purchasing an additional 1,214,362 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Emerson Electric during the fourth quarter worth $100,000. Manchester Capital Management LLC lifted its stake in Emerson Electric by 12.5% during the fourth quarter. Manchester Capital Management LLC now owns 2,313 shares of the industrial products company’s stock worth $160,000 after purchasing an additional 257 shares during the last quarter. Roman Butler Fullerton & Co. bought a new position in Emerson Electric during the fourth quarter worth $483,000. Finally, Transamerica Financial Advisors Inc. lifted its stake in Emerson Electric by 148.4% during the fourth quarter. Transamerica Financial Advisors Inc. now owns 857 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 512 shares during the last quarter. 70.52% of the stock is owned by hedge funds and other institutional investors.
In related news, VP Bell Katherine Button sold 15,791 shares of Emerson Electric stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $63.91, for a total transaction of $1,009,202.81. Following the sale, the vice president now directly owns 30,304 shares in the company, valued at $1,936,728.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael H. Train sold 12,278 shares of Emerson Electric stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $63.80, for a total transaction of $783,336.40. Following the sale, the insider now owns 129,298 shares in the company, valued at $8,249,212.40. The disclosure for this sale can be found here. 0.07% of the stock is owned by insiders.
Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, May 7th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.84. The company had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.64 billion. Emerson Electric had a return on equity of 24.63% and a net margin of 12.81%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business posted $0.76 earnings per share. As a group, analysts predict that Emerson Electric Co. will post 3.65 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s dividend payout ratio is currently 57.99%.
Several brokerages recently issued reports on EMR. Zacks Investment Research upgraded Emerson Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, May 14th. Credit Suisse Group reduced their price objective on Emerson Electric from $80.00 to $74.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 5th. Finally, Citigroup upgraded Emerson Electric from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $67.00 to $81.00 in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $75.47.
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About Emerson Electric
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
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