Clear Trail Advisors LLC purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 4,670 shares of the industrial products company’s stock, valued at approximately $620,000.
A number of other large investors also recently modified their holdings of the company. AustralianSuper Pty Ltd acquired a new stake in Emerson Electric in the 3rd quarter valued at $950,000. Cahill Financial Advisors Inc. acquired a new position in shares of Emerson Electric during the third quarter worth about $823,000. Coldstream Capital Management Inc. boosted its position in shares of Emerson Electric by 18.3% in the second quarter. Coldstream Capital Management Inc. now owns 21,378 shares of the industrial products company’s stock worth $2,850,000 after buying an additional 3,308 shares during the period. Vanguard Group Inc. grew its stake 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 buying an additional 201,040 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in Emerson Electric by 74.4% during the 2nd quarter. Marshall Wace LLP now owns 1,286,755 shares of the industrial products company’s stock worth $171,563,000 after acquiring an additional 548,795 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.
Emerson Electric Stock Up 1.2%
EMR stock opened at $129.71 on Tuesday. The firm has a market cap of $72.90 billion, a price-to-earnings ratio of 31.71, 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 firm has a fifty day moving average price of $146.10 and a two-hundred day moving average price of $137.86. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.62.
Emerson Electric Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Friday, February 13th were given a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, February 13th. Emerson Electric’s dividend payout ratio is presently 54.28%.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on EMR shares. Deutsche Bank Aktiengesellschaft cut Emerson Electric from a “buy” rating to a “hold” rating and set a $170.00 price target for the company. in a report on Thursday, February 5th. Rothschild & Co Redburn upped their target price on shares of Emerson Electric from $154.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Citigroup lifted their price target on shares of Emerson Electric from $165.00 to $174.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. TD Cowen lowered shares of Emerson Electric from a “buy” rating to a “hold” rating and set a $150.00 price objective on the stock. in a report on Friday, January 9th. Finally, Royal Bank Of Canada raised their target price on Emerson Electric from $153.00 to $176.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Eleven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $164.85.
Read Our Latest Stock Report on Emerson Electric
Insider Buying and Selling
In other Emerson Electric news, Director Matthew S. Levatich sold 1,476 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $162.16, for a total value of $239,348.16. Following the sale, the director directly owned 24,349 shares in the company, valued at approximately $3,948,433.84. This trade represents a 5.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Surendralal Lanca Karsanbhai sold 5,700 shares of the business’s stock in a transaction 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 transaction, the chief executive officer directly owned 281,393 shares of the company’s stock, valued at approximately $40,047,851.76. This trade represents a 1.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 13,879 shares of company stock valued at $2,116,818. Insiders own 0.23% of the company’s stock.
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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