Alchemi Wealth LLC acquired a new stake in Emerson Electric Co. (NYSE:EMR – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,721 shares of the industrial products company’s stock, valued at approximately $1,290,000. Emerson Electric makes up about 0.7% of Alchemi Wealth LLC’s portfolio, making the stock its 29th largest holding.
Other hedge funds have also modified their holdings of the company. Murphy Middleton Hinkle & Parker Inc. grew its holdings in shares of Emerson Electric by 229.1% during the fourth quarter. Murphy Middleton Hinkle & Parker Inc. now owns 46,467 shares of the industrial products company’s stock worth $6,167,000 after buying an additional 32,346 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Emerson Electric by 0.4% in 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. Wedbush Securities Inc. boosted its holdings in Emerson Electric by 88.4% in the 3rd quarter. Wedbush Securities Inc. now owns 19,197 shares of the industrial products company’s stock valued at $2,518,000 after purchasing an additional 9,009 shares in the last quarter. Elo Mutual Pension Insurance Co boosted its holdings in Emerson Electric by 26.6% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 67,546 shares of the industrial products company’s stock valued at $8,861,000 after purchasing an additional 14,210 shares in the last quarter. Finally, Empirical Asset Management LLC purchased a new stake in Emerson Electric in the 3rd quarter valued at approximately $1,738,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.
Emerson Electric Trading Up 0.7%
Shares of Emerson Electric stock opened at $143.06 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.87 and a quick ratio of 0.64. Emerson Electric Co. has a 1 year low of $122.64 and a 1 year high of $165.15. The company has a market capitalization of $80.13 billion, a P/E ratio of 33.04, a P/E/G ratio of 2.27 and a beta of 1.25. The business has a 50 day moving average price of $139.73 and a 200 day moving average price of $140.47.
Emerson Electric Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were issued a $0.555 dividend. The ex-dividend date was Friday, May 15th. This represents a $2.22 annualized dividend and a yield of 1.6%. Emerson Electric’s payout ratio is 51.27%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. Royal Bank Of Canada lifted their price objective on Emerson Electric from $161.00 to $169.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Wells Fargo & Company lifted their price objective on Emerson Electric from $135.00 to $155.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Emerson Electric in a research report on Monday, May 4th. Jefferies Financial Group started coverage on Emerson Electric in a research note on Tuesday, March 31st. They issued a “buy” rating and a $175.00 price objective for the company. Finally, BMO Capital Markets raised their price objective on Emerson Electric from $150.00 to $157.00 in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $163.77.
Get Our Latest Stock Report on EMR
About Emerson Electric
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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