IFP Advisors Inc reduced its holdings in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 42.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,833 shares of the industrial products company’s stock after selling 8,717 shares during the period. IFP Advisors Inc’s holdings in Emerson Electric were worth $1,552,000 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 the business. AustralianSuper Pty Ltd bought a new position in shares of Emerson Electric during the third quarter valued at $950,000. Cahill Financial Advisors Inc. bought a new position in Emerson Electric in the 3rd quarter worth about $823,000. Coldstream Capital Management Inc. grew its position in Emerson Electric by 18.3% during the 2nd quarter. Coldstream Capital Management Inc. now owns 21,378 shares of the industrial products company’s stock valued at $2,850,000 after purchasing an additional 3,308 shares during the last quarter. Vanguard Group Inc. increased its stake in Emerson Electric by 0.4% during the 3rd 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 in the last quarter. Finally, Marshall Wace LLP raised its holdings in Emerson Electric by 74.4% in the second quarter. Marshall Wace LLP now owns 1,286,755 shares of the industrial products company’s stock worth $171,563,000 after buying an additional 548,795 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.
Emerson Electric Price Performance
NYSE EMR opened at $128.12 on Friday. The stock has a market capitalization of $72.00 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 2.04 and a beta of 1.24. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $165.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.62. The business’s fifty day moving average price is $146.41 and its 200-day moving average price is $137.83.
Emerson Electric Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Friday, February 13th were issued a $0.555 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.7%. Emerson Electric’s dividend payout ratio (DPR) is presently 54.28%.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the stock. Morgan Stanley increased their price target on shares of Emerson Electric from $115.00 to $125.00 and gave the company an “underweight” rating in a report on Friday, January 9th. Rothschild & Co Redburn upped their price objective on Emerson Electric from $154.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Jefferies Financial Group increased their target price on Emerson Electric from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Thursday, February 5th. KeyCorp boosted their price target on Emerson Electric from $155.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Finally, Deutsche Bank Aktiengesellschaft downgraded Emerson Electric from a “buy” rating to a “hold” rating and set a $170.00 price target on the stock. in a report on Thursday, February 5th. Eleven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $164.85.
Check Out Our Latest Research Report on EMR
Insider Buying and Selling
In related news, CEO Surendralal Lanca Karsanbhai sold 5,700 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $142.32, for a total transaction of $811,224.00. Following the completion of the sale, the chief executive officer directly owned 281,393 shares in the company, valued at approximately $40,047,851.76. The trade was a 1.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Matthew S. Levatich sold 1,476 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $162.16, for a total transaction of $239,348.16. Following the sale, the director directly owned 24,349 shares of the company’s stock, valued at approximately $3,948,433.84. This represents a 5.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 13,879 shares of company stock valued at $2,116,818. 0.23% of the stock is owned by insiders.
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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