&PARTNERS boosted its stake in Emerson Electric Co. (NYSE:EMR – Free Report) by 10.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 309,493 shares of the industrial products company’s stock after purchasing an additional 28,137 shares during the quarter. &PARTNERS’s holdings in Emerson Electric were worth $41,062,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of EMR. IFC & Insurance Marketing Inc. acquired a new position in shares of Emerson Electric in the 4th quarter valued at $27,000. Motiv8 Investments LLC acquired a new stake in shares of Emerson Electric during the 4th quarter worth $27,000. Ares Financial Consulting LLC purchased a new position in shares of Emerson Electric in the 4th quarter worth $29,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric in the second quarter valued at $29,000. Finally, Quattro Advisors LLC purchased a new stake in Emerson Electric during the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.
Emerson Electric Stock Up 1.6%
Shares of Emerson Electric stock opened at $148.89 on Wednesday. The business has a 50-day moving average price of $140.37 and a 200 day moving average price of $140.78. Emerson Electric Co. has a fifty-two week low of $122.64 and a fifty-two week high of $165.15. The firm has a market cap of $83.39 billion, a P/E ratio of 34.38, a P/E/G ratio of 2.34 and a beta of 1.25. The company has a quick ratio of 0.64, a current ratio of 0.87 and a debt-to-equity ratio of 0.37.
Emerson Electric Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were paid a dividend of $0.555 per share. The ex-dividend date was Friday, May 15th. This represents a $2.22 annualized dividend and a yield of 1.5%. Emerson Electric’s payout ratio is presently 51.27%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. 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 research note on Thursday, May 7th. BMO Capital Markets upped their price target on shares of Emerson Electric from $150.00 to $157.00 in a research report on Friday, May 8th. DA Davidson initiated coverage on Emerson Electric in a research report on Tuesday. They issued a “neutral” rating and a $145.00 price objective on the stock. Barclays upped their target price on Emerson Electric from $140.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Jefferies Financial Group initiated coverage on Emerson Electric in a report on Tuesday, March 31st. They set a “buy” rating and a $175.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $162.96.
Check Out Our Latest Stock Analysis on Emerson Electric
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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