MOR Wealth Management LLC purchased a new position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,251 shares of the industrial products company’s stock, valued at approximately $609,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Basso Capital Management L.P. purchased a new stake in Emerson Electric in the 4th quarter valued at about $25,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of Emerson Electric during the fourth quarter valued at about $27,000. Motiv8 Investments LLC acquired a new position in shares of Emerson Electric in the 4th quarter worth approximately $27,000. Allied Private Wealth LLC acquired a new stake in Emerson Electric in the 2nd quarter valued at approximately $27,000. Finally, Darwin Wealth Management LLC purchased a new stake in Emerson Electric in the second quarter valued at approximately $29,000. Institutional investors and hedge funds own 74.30% of the company’s stock.
Emerson Electric Price Performance
EMR stock opened at $152.88 on Friday. The business has a 50 day moving average price of $149.35 and a 200 day moving average price of $143.45. 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 stock has a market cap of $85.63 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 2.25 and a beta of 1.24. Emerson Electric Co. has a fifty-two week low of $122.64 and a fifty-two week high of $166.35.
Emerson Electric Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be given a dividend of $0.555 per share. The ex-dividend date is Friday, August 14th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.5%. Emerson Electric’s payout ratio is 48.58%.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on EMR shares. HSBC lifted their price objective on Emerson Electric from $170.00 to $180.00 in a research note on Thursday, August 6th. Stephens raised their target price on Emerson Electric from $155.00 to $160.00 in a report on Thursday, August 6th. JPMorgan Chase & Co. raised Emerson Electric from a “neutral” rating to an “overweight” rating and set a $157.00 target price for the company in a research report on Friday, July 17th. BNP Paribas Exane increased their price target on shares of Emerson Electric from $180.00 to $185.00 in a research report on Thursday, August 6th. Finally, 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. Thirteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $167.83.
View Our Latest Stock Report on Emerson Electric
Insider Buying and Selling at Emerson Electric
In related news, CEO Surendralal Karsanbhai sold 9,650 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total value of $1,562,431.50. Following the completion of the sale, the chief executive officer directly owned 271,743 shares of the company’s stock, valued at $43,997,909.13. This represents a 3.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.
Read More
- Five stocks we like better than Emerson Electric
- Revolution Medicines Got Its Breakthrough—What Moves It Next?
- Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy
- FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism
- AST SpaceMobile Stock Soared 12%—This Was the Catalyst
Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR – Free Report).
Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.
