SG Americas Securities LLC Increases Stake in Emerson Electric Company (NYSE:EMR)

SG Americas Securities LLC raised its position in Emerson Electric Company (NYSE:EMR) by 65.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,344 shares of the industrial products company’s stock after buying an additional 34,111 shares during the quarter. SG Americas Securities LLC’s holdings in Emerson Electric were worth $6,017,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Ledyard National Bank raised its stake in shares of Emerson Electric by 0.8% during the 2nd quarter. Ledyard National Bank now owns 80,745 shares of the industrial products company’s stock valued at $4,814,000 after purchasing an additional 610 shares during the period. OLD National Bancorp IN raised its stake in shares of Emerson Electric by 2.6% during the 2nd quarter. OLD National Bancorp IN now owns 81,108 shares of the industrial products company’s stock valued at $4,836,000 after purchasing an additional 2,036 shares during the period. Beese Fulmer Investment Management Inc. increased its stake in Emerson Electric by 3.0% in the 2nd quarter. Beese Fulmer Investment Management Inc. now owns 50,651 shares of the industrial products company’s stock worth $3,020,000 after acquiring an additional 1,490 shares during the last quarter. Winslow Evans & Crocker Inc. increased its stake in Emerson Electric by 57.0% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 21,488 shares of the industrial products company’s stock worth $1,282,000 after acquiring an additional 7,800 shares during the last quarter. Finally, Parsec Financial Management Inc. increased its stake in Emerson Electric by 1.7% in the 2nd quarter. Parsec Financial Management Inc. now owns 276,920 shares of the industrial products company’s stock worth $16,510,000 after acquiring an additional 4,704 shares during the last quarter. Hedge funds and other institutional investors own 69.23% of the company’s stock.

EMR has been the topic of a number of research analyst reports. Cowen upgraded Emerson Electric to a “buy” rating and set a $71.00 target price on the stock in a research note on Monday, October 23rd. Bank of America upgraded Emerson Electric from a “neutral” rating to a “buy” rating and upped their target price for the stock from $64.44 to $79.00 in a research note on Tuesday, October 17th. Stifel Nicolaus restated a “buy” rating and issued a $72.00 target price (up from $68.00) on shares of Emerson Electric in a research note on Thursday, November 9th. Vertical Research upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research note on Tuesday, January 2nd. Finally, UBS Group initiated coverage on Emerson Electric in a research note on Monday, January 22nd. They issued a “buy” rating and a $73.26 target price on the stock. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $67.65.

In related news, VP Bell Katherine Button sold 7,909 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $64.78, for a total transaction of $512,345.02. Following the completion of the sale, the vice president now directly owns 44,628 shares in the company, valued at approximately $2,891,001.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Edgar M. Purvis, Jr. sold 9,490 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $65.74, for a total value of $623,872.60. Following the sale, the chief operating officer now owns 168,984 shares of the company’s stock, valued at $11,109,008.16. The disclosure for this sale can be found here. Insiders have sold a total of 27,017 shares of company stock valued at $1,771,129 over the last 90 days. 0.79% of the stock is currently owned by company insiders.

Emerson Electric Company (NYSE:EMR) opened at $69.07 on Friday. Emerson Electric Company has a fifty-two week low of $56.77 and a fifty-two week high of $74.45. The company has a quick ratio of 1.30, a current ratio of 1.32 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $43,848.26, a PE ratio of 25.87, a PEG ratio of 2.38 and a beta of 1.19.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Emerson Electric had a return on equity of 20.73% and a net margin of 10.09%. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 EPS. research analysts anticipate that Emerson Electric Company will post 3.12 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 16th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 2.81%. The ex-dividend date is Thursday, February 15th. Emerson Electric’s dividend payout ratio is presently 78.23%.

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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.

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