Janus Henderson Group PLC Boosts Holdings in Emerson Electric Co. (EMR)

Janus Henderson Group PLC raised its position in Emerson Electric Co. (NYSE:EMR) by 20.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 259,663 shares of the industrial products company’s stock after purchasing an additional 43,567 shares during the period. Janus Henderson Group PLC’s holdings in Emerson Electric were worth $19,884,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tradewinds Capital Management LLC lifted its position in shares of Emerson Electric by 584.1% in the 3rd quarter. Tradewinds Capital Management LLC now owns 1,416 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 1,209 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Emerson Electric in the 2nd quarter worth approximately $102,000. Sun Life Financial INC lifted its position in shares of Emerson Electric by 761.6% in the 2nd quarter. Sun Life Financial INC now owns 1,706 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 1,508 shares during the period. Fort L.P. acquired a new position in shares of Emerson Electric in the 2nd quarter worth approximately $118,000. Finally, Vigilant Capital Management LLC lifted its position in shares of Emerson Electric by 148.8% in the 3rd quarter. Vigilant Capital Management LLC now owns 1,799 shares of the industrial products company’s stock worth $138,000 after purchasing an additional 1,076 shares during the period. Hedge funds and other institutional investors own 70.55% of the company’s stock.

EMR opened at $63.79 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.78 and a current ratio of 1.07. Emerson Electric Co. has a 1-year low of $62.04 and a 1-year high of $79.70. The firm has a market cap of $41.11 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 2.01 and a beta of 1.21.



Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.03). Emerson Electric had a return on equity of 23.06% and a net margin of 12.65%. The business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.91 billion. During the same quarter in the previous year, the company posted $0.83 EPS. The business’s quarterly revenue was up 10.2% on a year-over-year basis. On average, equities research analysts anticipate that Emerson Electric Co. will post 3.68 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 16th will be issued a dividend of $0.49 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $1.96 annualized dividend and a yield of 3.07%. Emerson Electric’s dividend payout ratio is presently 57.99%.

In other Emerson Electric news, insider Surendralal Lanca Karsanbhai sold 9,070 shares of the company’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $68.00, for a total transaction of $616,760.00. Following the transaction, the insider now owns 20,000 shares in the company, valued at $1,360,000. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Edward L. Monser sold 60,000 shares of the company’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $76.10, for a total transaction of $4,566,000.00. Following the transaction, the president now owns 176,477 shares in the company, valued at approximately $13,429,899.70. The disclosure for this sale can be found here. Corporate insiders own 0.79% of the company’s stock.

A number of brokerages have recently issued reports on EMR. Bank of America boosted their price target on shares of Emerson Electric from $82.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, October 4th. Cowen restated a “buy” rating and issued a $81.00 price target on shares of Emerson Electric in a research report on Wednesday, September 19th. Zacks Investment Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Thursday, October 4th. Barclays boosted their target price on shares of Emerson Electric from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, September 24th. Finally, UBS Group boosted their target price on shares of Emerson Electric from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $78.39.

TRADEMARK VIOLATION WARNING: “Janus Henderson Group PLC Boosts Holdings in Emerson Electric Co. (EMR)” was reported by Dakota Financial News and is the property of of Dakota Financial News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://dakotafinancialnews.com/2018/12/07/janus-henderson-group-plc-boosts-holdings-in-emerson-electric-co-emr.html.

Emerson Electric Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

Recommended Story: What are different types of coverage ratios?

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

Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply