Kepler Cheuvreux Suisse SA acquired a new stake in Emerson Electric Co. (NYSE:EMR – Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 24,292 shares of the industrial products company’s stock, valued at approximately $3,183,000.
Several other hedge funds have also recently modified their holdings of EMR. Vanguard Group Inc. lifted its holdings in Emerson Electric by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 54,909,180 shares of the industrial products company’s stock worth $7,287,546,000 after acquiring an additional 578,242 shares during the period. State Street Corp increased its position in shares of Emerson Electric by 2.0% during the 4th quarter. State Street Corp now owns 27,483,440 shares of the industrial products company’s stock valued at $3,647,602,000 after purchasing an additional 541,887 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Emerson Electric by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 12,328,324 shares of the industrial products company’s stock worth $1,628,638,000 after purchasing an additional 76,488 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Emerson Electric by 1.3% in the 4th quarter. Wells Fargo & Company MN now owns 10,840,109 shares of the industrial products company’s stock worth $1,438,699,000 after buying an additional 134,049 shares during the last quarter. Finally, Norges Bank purchased a new stake in Emerson Electric during the fourth quarter worth about $1,050,040,000. Institutional investors own 74.30% of the company’s stock.
Emerson Electric Price Performance
Emerson Electric stock opened at $139.06 on Friday. The firm has a market capitalization of $77.89 billion, a P/E ratio of 32.12, a PEG ratio of 2.22 and a beta of 1.25. Emerson Electric Co. has a one year low of $122.64 and a one year high of $165.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.87 and a quick ratio of 0.64. The business has a fifty day moving average price of $140.97 and a 200-day moving average price of $141.59.
Emerson Electric Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were given a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, May 15th. Emerson Electric’s dividend payout ratio (DPR) is 51.27%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on EMR. Sanford C. Bernstein initiated coverage on shares of Emerson Electric in a research report on Wednesday, June 10th. They set an “outperform” rating and a $175.00 target price for the company. Wells Fargo & Company upped their price objective on Emerson Electric from $135.00 to $155.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. BMO Capital Markets raised their target price on Emerson Electric from $150.00 to $157.00 in a research report on Friday, May 8th. Barclays boosted their target price on Emerson Electric from $140.00 to $144.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Daiwa Securities Group dropped their price target on Emerson Electric from $177.00 to $156.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.32.
Check Out Our Latest Analysis on EMR
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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