Siemens Fonds Invest GmbH cut its position in Emerson Electric Co. (NYSE:EMR – Free Report) by 16.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,904 shares of the industrial products company’s stock after selling 9,568 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Emerson Electric were worth $6,346,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of EMR. Brighton Jones LLC grew its stake in Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after buying an additional 4,850 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Emerson Electric in the 1st quarter worth approximately $232,000. Caxton Associates LLP bought a new position in Emerson Electric in the 1st quarter worth approximately $275,000. Sivia Capital Partners LLC bought a new position in Emerson Electric in the 2nd quarter worth approximately $203,000. Finally, Jump Financial LLC increased its position in Emerson Electric by 121.5% in the 2nd quarter. Jump Financial LLC now owns 10,543 shares of the industrial products company’s stock worth $1,406,000 after buying an additional 5,783 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.
Emerson Electric Stock Performance
EMR opened at $148.89 on Wednesday. The stock has a market cap of $83.39 billion, a PE ratio of 34.38, a P/E/G ratio of 2.34 and a beta of 1.25. The company has a current ratio of 0.87, a quick ratio of 0.64 and a debt-to-equity ratio of 0.37. Emerson Electric Co. has a 1 year low of $122.64 and a 1 year high of $165.15. The stock’s 50 day simple moving average is $140.37 and its 200-day simple moving average is $140.78.
Emerson Electric Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were paid a $0.555 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.22 annualized dividend and a yield of 1.5%. Emerson Electric’s payout ratio is currently 51.27%.
Wall Street Analysts Forecast Growth
Several research analysts have commented on EMR shares. Wolfe Research dropped their price target on Emerson Electric from $176.00 to $169.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 8th. Barclays lifted their price target on Emerson Electric from $140.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada lifted their price target on Emerson Electric from $161.00 to $169.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Wells Fargo & Company lifted their price target on Emerson Electric from $135.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Finally, Sanford C. Bernstein started coverage on Emerson Electric in a research report on Wednesday, June 10th. They issued an “outperform” rating and a $175.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $162.96.
Emerson Electric 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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