Axxcess Wealth Management LLC lifted its holdings in Emerson Electric Co. (NYSE:EMR – Free Report) by 86.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,093 shares of the industrial products company’s stock after purchasing an additional 37,702 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Emerson Electric were worth $10,763,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Ares Financial Consulting LLC bought a new stake in shares of Emerson Electric in the fourth quarter worth $29,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric in the second quarter worth $29,000. Steph & Co. bought a new stake in shares of Emerson Electric in the fourth quarter worth $33,000. Wealth Watch Advisors INC bought a new position in Emerson Electric during the third quarter worth about $33,000. Finally, Strategic Wealth Advisors LLC bought a new stake in Emerson Electric in the 4th quarter valued at $41,000. Institutional investors own 74.30% of the company’s stock.
Emerson Electric Price Performance
Shares of EMR opened at $136.51 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.87 and a debt-to-equity ratio of 0.37. The business’s fifty day moving average is $136.41 and its 200 day moving average is $139.36. Emerson Electric Co. has a 12-month low of $114.91 and a 12-month high of $165.15. The stock has a market cap of $76.46 billion, a P/E ratio of 31.53, a P/E/G ratio of 2.15 and a beta of 1.26.
Emerson Electric Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be paid a $0.555 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.22 annualized dividend and a yield of 1.6%. Emerson Electric’s dividend payout ratio is currently 51.27%.
Wall Street Analyst Weigh In
EMR has been the topic of several research reports. Wells Fargo & Company upped their price target on shares of Emerson Electric from $135.00 to $155.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Wolfe Research dropped their target price on shares of Emerson Electric from $176.00 to $169.00 and set an “outperform” rating for the company in a report on Wednesday, April 8th. Barclays raised their price objective on shares of Emerson Electric from $140.00 to $144.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Daiwa Securities Group dropped their price objective on shares of Emerson Electric from $177.00 to $156.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Finally, Evercore raised their price objective on shares of Emerson Electric from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Twelve research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $163.24.
Check Out Our Latest Analysis on EMR
Insider Transactions at Emerson Electric
In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 5,700 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $142.32, for a total value of $811,224.00. Following the completion of the sale, the chief executive officer owned 281,393 shares of the company’s stock, valued at $40,047,851.76. This represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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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