The company had a trading volume of 542,933 shares. Essex Financial Services Inc. boosted its position in shares of Emerson Electric Company by 1.8% in the fourth quarter. Accredited Investors Inc. now owns 48,782 shares of the company's stock valued at $1,522,000 after buying an additional 3,480 shares during the period.
At the end of 12/31/2016 reporting period, 525 institutional holders increased their position in Emerson Electric Co.
A number of institutional investors have recently made changes to their positions in EMR. (NYSE:FMSA) shares Jumped 5.8% and ended the day at $10.03. Finally, Adage Capital Partners GP L.L.C. increased its position in General Electric Company by 7.6% in the second quarter. BlackRock Fund Advisors now owns 2,605,353 shares of the company's stock valued at $110,962,000 after buying an additional 277,820 shares during the period.
Portland General Electric Company (NYSE:POR) traded down 1.18% during mid-day trading on Friday, reaching $45.21. The company's market cap is $39.36 Billion, and the average volume is $3.88 Million. The firm has a 50-day moving average of $30.24 and a 200-day moving average of $30.41. The stock's market capitalization is 263.40B, it has a 52-week low of 28.19 and a 52-week high of 33.00. (The) raised Emerson Electric Company from a "sell" rating to a "neutral" rating and set a $60.00 target price for the company in a research report on Friday, January 27th. The company reported $0.63 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.63. General Electric Company had a net margin of 6.86% and a return on equity of 15.99%. These analysts have also projected a Low Estimate of $1.14/share and a High Estimate of $1.73/share. The business's revenue was up 5.0% on a year-over-year basis. According to the Analysts, the Low Earnings estimate for the current quarter is $0.5, while the High earnings estimate is $0.58.Comparatively, EPS for the same quarter previous year was $0.68. Shareholders of record on Thursday, December 1st were issued a dividend of $0.26 per share. The ex-dividend date is Thursday, March 23rd. General Electric Company's dividend payout ratio (DPR) is 106.67%.
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Sen. Cardin to oppose Ben Carson for HUD
WASHINGTON, March 2 Ben Carson, President Donald Trump's nominee to lead US housing policy, won Senate approval on Thursday. The vote came after he received unanimous approval from the Senate Banking, Housing and Urban Affairs Committee in January.
Several equities analysts recently issued reports on GE shares.
Shares of Emerson Electric Company (NYSE:EMR) have received an average rating of "Hold" from the twenty-seven brokerages that are now covering the stock. Finally, Bank of America Corp lowered shares of Portland General Electric Company from a "neutral" rating to an "underperform" rating and set a $39.00 price objective for the company.in a research report on Tuesday, November 22nd.
Many research firms have provided their ratings on General Motors Company (NYSE:GM) where Macquarie provided Outperform rating on the stock on 1-Dec-16. Scotia Howard Weill restated a "sector perform" rating and set a $21.00 price objective on shares of Empire District Electric Company (The) in a research report on Monday, December 5th.
It is widely believed that the more practical proxy for the market's expectations is analyst's consensus price estimates. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.57 average brokerage recommendation. The median estimate represents a +5.93% increase from the last price of 37.76.
In other news, Vice Chairman David Leon Joyce sold 159,662 shares of the stock in a transaction that occurred on Friday, February 3rd. Vanguard Group Inc. now owns 3,409,135 shares of the company's stock valued at $115,809,000 after buying an additional 115,632 shares during the period. Emerson Electric Co. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Exec. Pres. Auto. The stock was acquired at an average price of $29.63 per share, for a total transaction of $148,150.00. Following the sale, the insider now directly owns 738,907 shares in the company, valued at approximately $21,842,090.92. The disclosure for this purchase can be found here.