Welch & Forbes LLC trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 113,174 shares of the industrial products company’s stock after selling 4,080 shares during the period. Welch & Forbes LLC’s holdings in Emerson Electric were worth $15,020,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Ares Financial Consulting LLC acquired a new position in shares of Emerson Electric during the fourth quarter valued at $29,000. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric during the second quarter valued at $29,000. Steph & Co. acquired a new position in shares of Emerson Electric during the fourth quarter valued at $33,000. Wealth Watch Advisors INC acquired a new position in shares of Emerson Electric during the third quarter valued at $33,000. Finally, Strategic Wealth Advisors LLC acquired a new position in shares of Emerson Electric during the fourth quarter valued at $41,000. 74.30% of the stock is owned by institutional investors and hedge funds.
Emerson Electric Price Performance
NYSE:EMR opened at $143.91 on Friday. The business’s 50-day moving average price is $137.27 and its 200 day moving average price is $139.58. The firm has a market cap of $80.60 billion, a P/E ratio of 33.23, a PEG ratio of 2.30 and a beta of 1.26. Emerson Electric Co. has a 52-week low of $117.16 and a 52-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 business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be given a $0.555 dividend. The ex-dividend date is Friday, May 15th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.5%. Emerson Electric’s dividend payout ratio (DPR) is 51.27%.
Insider Buying and Selling at Emerson Electric
In related news, CEO Surendralal Lanca Karsanbhai sold 5,700 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $142.32, for a total value of $811,224.00. Following the completion of the transaction, the chief executive officer owned 281,393 shares in the company, valued at $40,047,851.76. This trade represents a 1.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.23% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. Stephens raised their price target on Emerson Electric from $145.00 to $155.00 and gave the company an “equal weight” rating in a report on Monday, February 9th. Evercore lifted their target price on Emerson Electric from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. HSBC lifted their target price on Emerson Electric from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Citigroup lifted their target price on Emerson Electric from $165.00 to $174.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Finally, Daiwa Securities Group lowered their target price on Emerson Electric from $177.00 to $156.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Twelve investment analysts have rated the stock with 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, Emerson Electric presently has an average rating of “Hold” and a consensus price target of $163.24.
Get 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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