Elevation Point Wealth Partners LLC lifted its position in Emerson Electric Co. (NYSE:EMR – Free Report) by 540.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,798 shares of the industrial products company’s stock after buying an additional 20,084 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Emerson Electric were worth $3,118,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Basso Capital Management L.P. bought a new stake in Emerson Electric during the fourth quarter valued at about $25,000. IFC & Insurance Marketing Inc. bought a new position in shares of Emerson Electric in the fourth quarter worth about $27,000. Motiv8 Investments LLC acquired a new position in shares of Emerson Electric during the 4th quarter worth about $27,000. Darwin Wealth Management LLC bought a new stake in Emerson Electric during the 2nd quarter valued at approximately $29,000. Finally, Ares Financial Consulting LLC bought a new stake in Emerson Electric during the 4th quarter valued at approximately $29,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.
Emerson Electric Price Performance
NYSE:EMR opened at $139.06 on Friday. 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 50-day moving average of $140.97 and a 200-day moving average of $141.59. Emerson Electric Co. has a 52 week low of $122.64 and a 52 week high of $165.15. The company has a market capitalization of $77.89 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 2.22 and a beta of 1.25.
Emerson Electric Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a $0.555 dividend. This represents a $2.22 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, May 15th. Emerson Electric’s dividend payout ratio is currently 51.27%.
Analyst Upgrades and Downgrades
Several research analysts have commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Emerson Electric in a research report on Monday, May 4th. BMO Capital Markets raised their price objective on shares of Emerson Electric from $150.00 to $157.00 in a research note on Friday, May 8th. DA Davidson began coverage on shares of Emerson Electric in a research note on Tuesday, June 16th. They set a “neutral” rating and a $145.00 target price for the company. Royal Bank Of Canada increased their price target on shares of Emerson Electric from $161.00 to $169.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Finally, Wolfe Research decreased their price target on shares of Emerson Electric from $176.00 to $169.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $163.32.
Check Out Our Latest Research 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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