The Vanguard Group, Inc. has recently announced that it has increased stake in Emerson Electric Co. (NYSE:EMR) by 0.53%. After grabbing 50.36 million shares, the institutional investor is now in possession of 0.26 million shares of the Industrials Company. The new investment brought the stake of investor firm to 8.81% having worth around $4.6 billion. Moreover, SSgA Funds Management, Inc. increased its share by 64875.0 to have a control over 24.57 million shares. And Wellington Management Co. LLP raised its holdings to 3.33 million shares by acquiring 12.54 million shares or 2.19% of the stake.
Emerson Electric Co. (EMR) concluded trading on 09/14/23 at a closing price of $98.60, with 2.64 million shares of worth about $260.01 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 22.44% during that period and on Thursday the price saw a gain of about 0.94%. Currently the company’s common shares owned by public are about 570.90M shares, out of which, 569.76M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 57 times over the past 12 months. They bought 403,169 shares in 31 of the transactions. In 26 selling transactions, insiders dumped 291,744 shares.
Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Government Pension Fund – Global are the top 3 mutual funds which are holding stakes in Emerson Electric Co. Vanguard Total Stock Market ETF is currently holding 17.81 million shares of worth totaling $1.63 billion. The company recently came selling 18900.0 shares which brought its stake up to 3.12% of the company’s outstanding shares. Vanguard 500 Index Fund bought 82130.0 shares, after which its hold over company’s outstanding shares expand to 2.40%, leaving 13.69 million shares with the mutual fund that have a worth of about $1.25 billion. Government Pension Fund – Global, after buying 7.17 million shares, have now control over 1.25% of the stake in the company. It holds 1.31 million shares of worth $655.39 million.
Emerson Electric Co. (NYSE: EMR) started trading at $98.40, above $0.72 from concluding price of the previous day. Stock saw a price change of -0.80% in past 5 days and over the past one month there was a price change of 3.28%. Year-to-date (YTD), EMR shares are showing a performance of 2.64% which increased to 19.53% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $72.40 but also hit the highest price of $100.62 during that period. The average intraday trading volume for Emerson Electric Co. shares is 2.64 million. The stock is currently trading 0.94% above its 20-day simple moving average (SMA20), while that difference is up 4.06% for SMA50 and it goes to 10.45% higher than SMA200.
The Vanguard Group, Inc. acquired 50.36 million shares of Emerson Electric Co. having value of about $4.6 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.26 million shares in the company valued at close to $26074375.6, or have control over 0.53% stake in the company. Emerson Electric Co. (NYSE: EMR) currently have 570.90M outstanding shares and institutions hold larger chunk of about 76.10% of that. Holding of mutual funds in the company is about 34.74% while other institutional holders and individual stake holders have control over 41.37% and 1.67% of the stake respectively.
The stock has a current market capitalization of $56.61B and its 3Y-monthly beta is at 1.39. PE ratio of stock for trailing 12 months is 26.22, while it has posted earnings per share of $3.76 in the same period. Its PEG reads 2.05 and has Quick Ratio of 2.10 while making debt-to-equity ratio of 0.41. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EMR, volatility over the week remained 1.44% while standing at 1.44% over the month.
Analysts are in expectations that Emerson Electric Co. (EMR) stock would likely to be making an EPS of $1.3 in the current quarter, while forecast for next quarter EPS is $1 and it is $4.99 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.27 which is $1.4 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.53 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 41.60% while it is estimated to increase by 10.51% in next year. EPS is likely to shrink at an annualized rate of 12.80% for next 5-years, compared to annual growth of 16.20% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Argus on August 28, 2023 offering a Buy rating for the stock and assigned a target price of $110 to it.
