Bryn Mawr Trust Advisors LLC bought a new position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 10,397 shares of the industrial products company’s stock, valued at approximately $1,488,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Basso Capital Management L.P. acquired a new position in shares of Emerson Electric in the fourth quarter worth approximately $25,000. IFC & Insurance Marketing Inc. bought a new stake in Emerson Electric in the fourth quarter valued at $27,000. Motiv8 Investments LLC acquired a new position in Emerson Electric during the 4th quarter worth approximately $27,000. Allied Private Wealth LLC acquired a new position in shares of Emerson Electric during the second quarter worth approximately $27,000. Finally, Darwin Wealth Management LLC bought a new position in shares of Emerson Electric in the second quarter valued at $29,000. 74.30% of the stock is owned by institutional investors and hedge funds.
Emerson Electric Stock Performance
NYSE EMR opened at $163.07 on Friday. The company has a fifty day moving average of $146.32 and a 200-day moving average of $143.14. Emerson Electric Co. has a 52-week low of $122.64 and a 52-week high of $166.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.66 and a current ratio of 0.90. The company has a market capitalization of $91.33 billion, a P/E ratio of 35.68, a P/E/G ratio of 2.43 and a beta of 1.24.
Emerson Electric Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be paid a $0.555 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.22 annualized dividend and a dividend yield of 1.4%. Emerson Electric’s dividend payout ratio (DPR) is presently 48.58%.
Analyst Ratings Changes
EMR has been the topic of a number of recent research reports. HSBC raised their target price on Emerson Electric from $170.00 to $180.00 in a report on Thursday, August 6th. Sanford C. Bernstein boosted their target price on shares of Emerson Electric from $169.00 to $186.00 and gave the company an “outperform” rating in a research note on Friday. Wall Street Zen upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Citigroup raised their price objective on shares of Emerson Electric from $174.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Finally, DA Davidson assumed coverage on Emerson Electric in a research note on Tuesday, June 16th. They issued a “neutral” rating and a $145.00 target price for the company. Thirteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $166.96.
Read Our Latest Stock Analysis on EMR
Insider Buying and Selling at Emerson Electric
In other news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total transaction of $1,562,431.50. Following the transaction, the chief executive officer directly owned 271,743 shares of the company’s stock, valued at approximately $43,997,909.13. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company’s stock.
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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