Wick Capital Partners LLC purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,681 shares of the industrial products company’s stock, valued at approximately $1,418,000.
Other institutional investors have also modified their holdings of the company. Basso Capital Management L.P. acquired a new position in shares of Emerson Electric in the 4th quarter worth approximately $25,000. IFC & Insurance Marketing Inc. bought a new stake in Emerson Electric during the fourth quarter worth approximately $27,000. Motiv8 Investments LLC bought a new stake in Emerson Electric during the fourth quarter worth approximately $27,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric in the second quarter worth approximately $29,000. Finally, Ares Financial Consulting LLC bought a new position in shares of Emerson Electric in the fourth quarter valued at $29,000. Institutional investors and hedge funds own 74.30% of the company’s stock.
Emerson Electric Trading Up 1.3%
Shares of NYSE:EMR opened at $150.99 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.64 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $84.57 billion, a PE ratio of 34.87, a P/E/G ratio of 2.38 and a beta of 1.25. Emerson Electric Co. has a 1 year low of $122.64 and a 1 year high of $165.15. The firm has a fifty day moving average price of $141.02 and a 200 day moving average price of $141.03.
Emerson Electric Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a dividend of $0.555 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.22 dividend on an annualized basis and a yield of 1.5%. Emerson Electric’s dividend payout ratio is presently 51.27%.
Wall Street Analyst Weigh In
EMR has been the subject of several research reports. BMO Capital Markets raised their price objective on Emerson Electric from $150.00 to $157.00 in a research note on Friday, May 8th. Barclays upped their target price on Emerson Electric from $140.00 to $144.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Emerson Electric in a research report on Monday, May 4th. Daiwa Securities Group cut their price objective on Emerson Electric from $177.00 to $156.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Finally, Sanford C. Bernstein began coverage on shares of Emerson Electric in a research note on Wednesday, June 10th. They set an “outperform” rating and a $175.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $162.96.
View Our Latest Analysis on Emerson Electric
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.
Featured Stories
- Five stocks we like better than Emerson Electric
- Credo Technologies Accelerates AI—Its Stock Price Will Follow
- Qualcomm Goes All-In: The $10B Bet to Crush NVIDIA
- Jabil Just Gave Investors a Stronger Reason to Buy the Dip
- CarMax In Reverse? Why You Should Buy Now Before the Big Catalysts Emerge
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.
