O Shaughnessy Asset Management LLC lifted its stake in Emerson Electric Co. (NYSE:EMR – Free Report) by 3.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 166,941 shares of the industrial products company’s stock after purchasing an additional 5,867 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Emerson Electric were worth $22,156,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of EMR. Murphy Middleton Hinkle & Parker Inc. lifted its position in Emerson Electric by 229.1% during the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 46,467 shares of the industrial products company’s stock worth $6,167,000 after acquiring an additional 32,346 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Emerson Electric by 0.4% in the third quarter. Vanguard Group Inc. now owns 54,330,938 shares of the industrial products company’s stock valued at $7,127,132,000 after purchasing an additional 201,040 shares during the last quarter. Wedbush Securities Inc. increased its stake in shares of Emerson Electric by 88.4% in the third quarter. Wedbush Securities Inc. now owns 19,197 shares of the industrial products company’s stock worth $2,518,000 after purchasing an additional 9,009 shares during the period. Caprock Group LLC bought a new stake in Emerson Electric during the 3rd quarter valued at approximately $3,359,000. Finally, SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new stake in Emerson Electric in the 3rd quarter valued at approximately $3,276,000. 74.30% of the stock is owned by hedge funds and other institutional investors.
Emerson Electric Trading Up 0.6%
Shares of Emerson Electric stock opened at $139.00 on Tuesday. Emerson Electric Co. has a 12-month low of $122.64 and a 12-month high of $165.15. The stock has a market capitalization of $77.85 billion, a P/E ratio of 32.10, a price-to-earnings-growth ratio of 2.21 and a beta of 1.25. The company has a 50-day simple moving average of $138.68 and a 200 day simple moving average of $140.16. The company has a quick ratio of 0.64, a current ratio of 0.87 and a debt-to-equity ratio of 0.37.
Emerson Electric Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be paid a $0.555 dividend. The ex-dividend date is Friday, May 15th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio (DPR) is 51.27%.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on EMR shares. Wolfe Research dropped their target price on shares of Emerson Electric from $176.00 to $169.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 8th. BMO Capital Markets raised their price target on shares of Emerson Electric from $150.00 to $157.00 in a research report on Friday, May 8th. Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $135.00 to $155.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Stephens increased their target price on shares of Emerson Electric from $145.00 to $155.00 and gave the company an “equal weight” rating in a research note on Monday, February 9th. Finally, Loop Capital lifted their target price on Emerson Electric from $155.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Twelve research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Emerson Electric presently has an average rating of “Hold” and an average price target of $163.24.
View Our Latest Stock Analysis on EMR
Emerson Electric Company Profile
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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