GHP Investment Advisors Inc. trimmed its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,374 shares of the industrial products company’s stock after selling 223 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Emerson Electric were worth $984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Emerson Electric in the 1st quarter worth approximately $34,000. Laurel Wealth Advisors LLC acquired a new stake in Emerson Electric in the 4th quarter worth approximately $36,000. Legacy Advisors LLC acquired a new stake in Emerson Electric in the 1st quarter worth approximately $41,000. Buffington Mohr McNeal acquired a new stake in Emerson Electric in the 1st quarter worth approximately $41,000. Finally, Rational Advisors LLC acquired a new stake in Emerson Electric in the 1st quarter worth approximately $41,000. Institutional investors and hedge funds own 70.45% of the company’s stock.
In other Emerson Electric news, insider Michael H. Train sold 12,278 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $63.80, for a total value of $783,336.40. Following the sale, the insider now directly owns 129,298 shares in the company, valued at $8,249,212.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Bell Katherine Button sold 15,791 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $63.91, for a total value of $1,009,202.81. Following the completion of the sale, the vice president now owns 30,304 shares in the company, valued at $1,936,728.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,333 shares of company stock worth $2,583,230. 0.07% of the stock is currently owned by company insiders.
Shares of EMR stock traded up $0.62 during trading hours on Friday, reaching $66.72. 3,541,559 shares of the company’s stock were exchanged, compared to its average volume of 3,355,213. The company has a market capitalization of $40.80 billion, a PE ratio of 19.74, a P/E/G ratio of 2.10 and a beta of 1.30. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.44. Emerson Electric Co. has a fifty-two week low of $55.38 and a fifty-two week high of $79.70. The business’s fifty day simple moving average is $63.85.
Emerson Electric (NYSE:EMR) last released its quarterly earnings data 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 business 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%. Emerson Electric’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 earnings per share. Equities research analysts forecast that Emerson Electric Co. will post 3.65 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s dividend payout ratio is presently 57.99%.
Emerson Electric Profile
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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