Longfellow Investment Management Co. LLC acquired a new stake in Emerson Electric Co. (NYSE:EMR – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 13,045 shares of the industrial products company’s stock, valued at approximately $1,867,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Rooted Wealth Advisors Inc. raised its position in shares of Emerson Electric by 3.0% in the fourth quarter. Rooted Wealth Advisors Inc. now owns 2,195 shares of the industrial products company’s stock valued at $291,000 after buying an additional 64 shares during the last quarter. Institute for Wealth Management LLC. boosted its position in Emerson Electric by 1.6% during the fourth quarter. Institute for Wealth Management LLC. now owns 4,546 shares of the industrial products company’s stock worth $603,000 after acquiring an additional 71 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in Emerson Electric by 2.4% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 3,098 shares of the industrial products company’s stock valued at $411,000 after acquiring an additional 72 shares in the last quarter. Zhang Financial LLC raised its holdings in Emerson Electric by 2.7% in the 4th quarter. Zhang Financial LLC now owns 2,892 shares of the industrial products company’s stock valued at $384,000 after acquiring an additional 76 shares during the last quarter. Finally, Klingman & Associates LLC raised its holdings in Emerson Electric by 1.4% in the 4th quarter. Klingman & Associates LLC now owns 5,680 shares of the industrial products company’s stock valued at $754,000 after acquiring an additional 78 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.
Emerson Electric Stock Performance
NYSE EMR opened at $163.07 on Monday. The stock has a fifty day simple moving average of $146.32 and a 200-day simple moving average of $143.09. The company has a current ratio of 0.90, a quick ratio of 0.66 and a debt-to-equity ratio of 0.37. The stock has a market cap of $91.33 billion, a PE ratio of 35.68, a P/E/G ratio of 2.43 and a beta of 1.24. Emerson Electric Co. has a twelve month low of $122.64 and a twelve month high of $166.35.
Emerson Electric Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be paid a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. Emerson Electric’s payout ratio is 48.58%.
Insider Activity at Emerson Electric
In related news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $161.91, for a total transaction of $1,562,431.50. Following the completion of the transaction, the chief executive officer owned 271,743 shares of the company’s stock, valued at approximately $43,997,909.13. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have recently weighed in on EMR shares. BNP Paribas Exane boosted their target price on Emerson Electric from $180.00 to $185.00 in a report on Thursday, August 6th. Wall Street Zen raised Emerson Electric from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Sanford C. Bernstein raised their target price on Emerson Electric from $169.00 to $186.00 and gave the stock an “outperform” rating in a research note on Friday. Rothschild & Co Redburn boosted their price target on shares of Emerson Electric from $165.00 to $180.00 in a research report on Thursday, August 6th. Finally, HSBC upped their price objective on shares of Emerson Electric from $170.00 to $180.00 in a report on Thursday, August 6th. Thirteen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.96.
Check Out Our Latest Stock Analysis on EMR
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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