Osborn Williams & Donohoe LLC Has $2.28 Million Holdings in Emerson Electric Company (EMR)
Osborn Williams & Donohoe LLC trimmed its holdings in shares of Emerson Electric Company (NYSE:EMR) by 3.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,255 shares of the industrial products company’s stock after selling 1,427 shares during the period. Osborn Williams & Donohoe LLC’s holdings in Emerson Electric were worth $2,279,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Pensionfund Sabic bought a new position in Emerson Electric in the third quarter worth about $2,118,000. Pensionfund DSM Netherlands bought a new position in Emerson Electric in the third quarter worth about $3,833,000. Park National Corp OH raised its stake in Emerson Electric by 0.7% in the third quarter. Park National Corp OH now owns 372,337 shares of the industrial products company’s stock worth $23,398,000 after buying an additional 2,545 shares in the last quarter. Perpetual Ltd bought a new position in Emerson Electric in the second quarter worth about $298,000. Finally, W. E. Donoghue & Co. LLC bought a new position in Emerson Electric in the second quarter worth about $15,702,000. Institutional investors and hedge funds own 69.00% of the company’s stock.
In related news, VP Bell Katherine Button sold 7,909 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $64.78, for a total value of $512,345.02. Following the sale, the vice president now owns 44,628 shares in the company, valued at $2,891,001.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.79% of the company’s stock.
Shares of Emerson Electric Company (EMR) traded down $0.42 during mid-day trading on Wednesday, reaching $64.68. 2,806,100 shares of the company traded hands, compared to its average volume of 3,437,045. Emerson Electric Company has a 52 week low of $55.40 and a 52 week high of $67.79. The company has a quick ratio of 1.30, a current ratio of 1.64 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $41,782.46, a PE ratio of 25.23, a P/E/G ratio of 3.06 and a beta of 1.24.
Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The company had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.43 billion. During the same quarter last year, the company posted $0.74 earnings per share. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. analysts predict that Emerson Electric Company will post 2.91 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be issued a $0.485 dividend. The ex-dividend date is Thursday, November 16th. This represents a $1.94 annualized dividend and a yield of 3.00%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.48. Emerson Electric’s dividend payout ratio (DPR) is currently 82.55%.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Emerson Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Cowen raised shares of Emerson Electric to a “buy” rating and set a $71.00 price target for the company in a research note on Monday, October 23rd. Bank of America raised shares of Emerson Electric from a “neutral” rating to a “buy” rating and increased their price target for the stock from $64.44 to $79.00 in a research note on Tuesday, October 17th. J P Morgan Chase & Co assumed coverage on shares of Emerson Electric in a research note on Wednesday, November 29th. They set a “neutral” rating for the company. Finally, Citigroup reaffirmed a “sell” rating and set a $61.00 target price (up previously from $58.00) on shares of Emerson Electric in a research note on Monday, October 9th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $65.14.
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Emerson Electric 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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