Cerity Partners LLC raised its stake in Emerson Electric Co. (NYSE:EMR – Free Report) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 783,721 shares of the industrial products company’s stock after buying an additional 30,163 shares during the quarter. Cerity Partners LLC owned about 0.14% of Emerson Electric worth $104,016,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Darwin Wealth Management LLC acquired a new position in Emerson Electric in the second quarter valued at about $29,000. Ares Financial Consulting LLC acquired a new position in Emerson Electric in the fourth quarter valued at about $29,000. Steph & Co. acquired a new position in Emerson Electric in the fourth quarter valued at about $33,000. Wealth Watch Advisors INC acquired a new position in Emerson Electric in the third quarter valued at about $33,000. Finally, Strategic Wealth Advisors LLC acquired a new position in Emerson Electric in the fourth quarter valued at about $41,000. Institutional investors and hedge funds own 74.30% of the company’s stock.
Emerson Electric Stock Up 2.4%
Shares of NYSE:EMR opened at $142.35 on Wednesday. The firm’s 50 day moving average price is $139.02 and its 200 day moving average price is $140.26. The stock has a market cap of $79.73 billion, a price-to-earnings ratio of 32.88, a price-to-earnings-growth ratio of 2.22 and a beta of 1.25. Emerson Electric Co. has a fifty-two week low of $122.64 and a fifty-two week high of $165.15. 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 Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be given a dividend of $0.555 per share. The ex-dividend date is Friday, May 15th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio (DPR) is 51.27%.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on EMR shares. Wolfe Research reduced 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. Daiwa Securities Group reduced 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. Royal Bank Of Canada increased their price target on shares of Emerson Electric from $161.00 to $169.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Emerson Electric in a research report on Monday, May 4th. Finally, Barclays increased their price target on shares of Emerson Electric from $140.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Twelve investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Emerson Electric presently has a consensus rating of “Hold” and an average target price of $163.24.
Read Our Latest Stock Analysis on Emerson Electric
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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