Vista Cima Wealth Management LLC purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,593 shares of the industrial products company’s stock, valued at approximately $603,000.
Several other hedge funds have also recently made changes to their positions in the business. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric in the 2nd quarter valued at about $29,000. Wealth Watch Advisors INC acquired a new stake in Emerson Electric during the third quarter worth approximately $33,000. Winnow Wealth LLC bought a new stake in Emerson Electric in the second quarter worth approximately $34,000. Traub Capital Management LLC acquired a new position in Emerson Electric in the second quarter valued at approximately $37,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Emerson Electric during the 2nd quarter worth approximately $39,000. 74.30% of the stock is owned by institutional investors.
Emerson Electric Trading Up 0.1%
NYSE EMR opened at $132.26 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.62 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $74.33 billion, a P/E ratio of 32.34, a PEG ratio of 2.10 and a beta of 1.24. The business has a fifty day simple moving average of $147.72 and a 200 day simple moving average of $137.86. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $165.15.
Emerson Electric Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Friday, February 13th were paid a $0.555 dividend. The ex-dividend date was Friday, February 13th. This represents a $2.22 annualized dividend and a yield of 1.7%. Emerson Electric’s dividend payout ratio (DPR) is 54.28%.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on EMR shares. TD Cowen lowered shares of Emerson Electric from a “buy” rating to a “hold” rating and set a $150.00 price objective for the company. in a research note on Friday, January 9th. Morgan Stanley raised their price target on shares of Emerson Electric from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Friday, January 9th. Weiss Ratings lowered shares of Emerson Electric from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 4th. Daiwa Securities Group increased their price objective on shares of Emerson Electric from $153.00 to $177.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Finally, UBS Group raised Emerson Electric from a “neutral” rating to a “buy” rating and boosted their target price for the company from $131.00 to $168.00 in a research report on Monday, January 5th. Eleven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $164.85.
View Our Latest Report on Emerson Electric
Insiders Place Their Bets
In related news, Director Matthew S. Levatich sold 1,476 shares of Emerson Electric stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $162.16, for a total transaction of $239,348.16. Following the sale, the director directly owned 24,349 shares in the company, valued at approximately $3,948,433.84. This trade represents a 5.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Nicholas J. Piazza sold 6,703 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $159.07, for a total value of $1,066,246.21. Following the completion of the transaction, the vice president directly owned 31,664 shares in the company, valued at approximately $5,036,792.48. This represents a 17.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 13,879 shares of company stock valued at $2,116,818 in the last 90 days. 0.23% of the stock is currently owned by corporate insiders.
About Emerson Electric
Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson’s offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.
Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.
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