Emerson Electric Company (EMR) Stake Boosted by Calamos Advisors LLC

Calamos Advisors LLC increased its holdings in Emerson Electric Company (NYSE:EMR) by 3.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,979 shares of the industrial products company’s stock after acquiring an additional 2,529 shares during the period. Calamos Advisors LLC’s holdings in Emerson Electric were worth $4,335,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EMR. Fagan Associates Inc. grew its holdings in Emerson Electric by 19.3% during the second quarter. Fagan Associates Inc. now owns 5,975 shares of the industrial products company’s stock valued at $356,000 after purchasing an additional 968 shares during the period. Pinnacle Wealth Management Advisory Group LLC grew its holdings in Emerson Electric by 6.6% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,075 shares of the industrial products company’s stock valued at $601,000 after purchasing an additional 620 shares during the period. Andra AP fonden grew its holdings in Emerson Electric by 5.2% during the second quarter. Andra AP fonden now owns 95,300 shares of the industrial products company’s stock valued at $5,682,000 after purchasing an additional 4,700 shares during the period. Lipe & Dalton grew its holdings in Emerson Electric by 1.3% during the second quarter. Lipe & Dalton now owns 42,125 shares of the industrial products company’s stock valued at $2,511,000 after purchasing an additional 560 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Emerson Electric by 5.8% during the first quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock valued at $2,615,777,000 after purchasing an additional 2,404,844 shares during the period. 69.00% of the stock is owned by institutional investors.

In other Emerson Electric news, VP Bell Katherine Button sold 7,909 shares of the firm’s 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 sale, the vice president now owns 44,628 shares in the company, valued at $2,891,001.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Frank J. Dellaquila sold 2,100 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total value of $136,017.00. Following the sale, the vice president now owns 178,743 shares in the company, valued at approximately $11,577,184.11. The disclosure for this sale can be found here. Insiders have sold 19,499 shares of company stock worth $1,272,235 in the last 90 days. Company insiders own 0.79% of the company’s stock.

Shares of Emerson Electric Company (EMR) opened at $66.92 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 1.30. Emerson Electric Company has a 12-month low of $55.40 and a 12-month high of $67.79. The stock has a market capitalization of $42,623.25, a price-to-earnings ratio of 25.74, a P/E/G ratio of 3.12 and a beta of 1.24.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.83. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.43 billion. During the same quarter last year, the business posted $0.74 earnings per share. The firm’s revenue was up 12.8% compared to the same quarter last year. analysts expect that Emerson Electric Company will post 2.92 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Friday, November 17th were given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend was Thursday, November 16th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. Emerson Electric’s dividend payout ratio (DPR) is 82.55%.

Several equities analysts have weighed in on EMR shares. Edward Jones lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Wells Fargo & Company reissued a “market perform” rating and set a $65.00 price objective (up from $60.00) on shares of Emerson Electric in a report on Wednesday, November 8th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Emerson Electric in a report on Thursday, October 12th. Bank of America raised Emerson Electric from a “neutral” rating to a “buy” rating and raised their price target for the stock from $64.44 to $79.00 in a report on Tuesday, October 17th. Finally, Zacks Investment Research lowered Emerson Electric from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. Emerson Electric has an average rating of “Hold” and an average price target of $65.86.

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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.

Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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