Eventide Asset Management LLC bought a new stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,676 shares of the industrial products company’s stock, valued at approximately $497,000.
Several other large investors have also recently made changes to their positions in the company. Beta Wealth Group Inc. boosted its position in Emerson Electric by 10.9% during the fourth quarter. Beta Wealth Group Inc. now owns 5,108 shares of the industrial products company’s stock worth $678,000 after acquiring an additional 501 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new position in Emerson Electric in the 4th quarter worth approximately $770,000. Aptus Capital Advisors LLC boosted its holdings in shares of Emerson Electric by 2.1% during the 4th quarter. Aptus Capital Advisors LLC now owns 16,888 shares of the industrial products company’s stock worth $2,241,000 after purchasing an additional 354 shares during the last quarter. Kestra Advisory Services LLC grew its position in shares of Emerson Electric by 2.2% in the fourth quarter. Kestra Advisory Services LLC now owns 237,892 shares of the industrial products company’s stock valued at $31,573,000 after purchasing an additional 5,205 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Emerson Electric by 6.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 16,061 shares of the industrial products company’s stock valued at $2,132,000 after purchasing an additional 947 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.
Emerson Electric Price Performance
Emerson Electric stock opened at $146.59 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.64 and a current ratio of 0.87. The company has a market capitalization of $82.10 billion, a price-to-earnings ratio of 33.85, a price-to-earnings-growth ratio of 2.28 and a beta of 1.25. The company’s 50 day simple moving average is $140.03 and its 200-day simple moving average is $140.66. Emerson Electric Co. has a 1 year low of $122.64 and a 1 year high of $165.15.
Emerson Electric Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, May 15th. Emerson Electric’s payout ratio is currently 51.27%.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. Royal Bank Of Canada boosted their price objective on Emerson Electric from $161.00 to $169.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Barclays lifted their price target on Emerson Electric from $140.00 to $144.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Daiwa Securities Group lowered their price target on shares of Emerson Electric from $177.00 to $156.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. Wolfe Research cut their price objective on shares of Emerson Electric from $176.00 to $169.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. Finally, Jefferies Financial Group started coverage on shares of Emerson Electric in a report on Tuesday, March 31st. They issued a “buy” rating and a $175.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.77.
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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