Meeder Advisory Services Inc. bought a new stake in Emerson Electric Co. (NYSE:EMR – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 18,573 shares of the industrial products company’s stock, valued at approximately $2,659,000.
Other large investors have also made changes to their positions in the company. Basso Capital Management L.P. bought a new stake in Emerson Electric during the fourth quarter worth $25,000. Allied Private Wealth LLC acquired a new position in shares of Emerson Electric during the 2nd quarter worth $27,000. IFC & Insurance Marketing Inc. bought a new stake in shares of Emerson Electric during the 4th quarter worth $27,000. Motiv8 Investments LLC acquired a new stake in Emerson Electric in the fourth quarter valued at about $27,000. Finally, Ares Financial Consulting LLC bought a new position in Emerson Electric in the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 74.30% of the company’s stock.
Emerson Electric Stock Down 2.6%
Shares of NYSE EMR opened at $157.82 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.90 and a debt-to-equity ratio of 0.37. The firm has a market cap of $88.39 billion, a PE ratio of 34.53, a P/E/G ratio of 2.43 and a beta of 1.24. The company’s fifty day simple moving average is $147.09 and its 200 day simple moving average is $143.26. Emerson Electric Co. has a 12-month low of $122.64 and a 12-month high of $166.35.
Emerson Electric Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be given a $0.555 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.22 annualized dividend and a yield of 1.4%. Emerson Electric’s dividend payout ratio (DPR) is presently 48.58%.
Analysts Set New Price Targets
EMR has been the topic of several analyst reports. Stephens boosted their price objective on shares of Emerson Electric from $155.00 to $160.00 in a research note on Thursday, August 6th. KeyCorp cut their target price on Emerson Electric from $185.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Citigroup boosted their price target on shares of Emerson Electric from $174.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Wells Fargo & Company increased their price target on Emerson Electric from $135.00 to $155.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Finally, HSBC boosted their price objective on Emerson Electric from $170.00 to $180.00 in a research note on Thursday, August 6th. Thirteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.96.
Get Our Latest Report on Emerson Electric
Insider Buying and Selling
In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $161.91, for a total transaction of $1,562,431.50. Following the transaction, the chief executive officer owned 271,743 shares in the company, valued at approximately $43,997,909.13. This represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.23% of the company’s stock.
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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