Kinloch Capital LLC bought a new position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) during the second quarter, HoldingsChannel.com reports. The firm bought 28,723 shares of the industrial products company’s stock, valued at approximately $4,112,000.
Other institutional investors have also modified their holdings of the company. Rooted Wealth Advisors Inc. increased its position in shares of Emerson Electric by 3.0% during the fourth quarter. Rooted Wealth Advisors Inc. now owns 2,195 shares of the industrial products company’s stock worth $291,000 after acquiring an additional 64 shares during the period. Cary Street Partners Investment Advisory LLC boosted its holdings in Emerson Electric by 2.4% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 3,098 shares of the industrial products company’s stock valued at $411,000 after purchasing an additional 72 shares during the period. Zhang Financial LLC grew its stake in Emerson Electric by 2.7% during the 4th quarter. Zhang Financial LLC now owns 2,892 shares of the industrial products company’s stock worth $384,000 after purchasing an additional 76 shares in the last quarter. Root Financial Partners LLC increased its holdings in Emerson Electric by 3.6% during the 4th quarter. Root Financial Partners LLC now owns 2,227 shares of the industrial products company’s stock worth $296,000 after purchasing an additional 78 shares during the period. Finally, REAP Financial Group LLC increased its holdings in Emerson Electric by 4.4% during the 4th quarter. REAP Financial Group LLC now owns 1,892 shares of the industrial products company’s stock worth $251,000 after purchasing an additional 79 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.
Emerson Electric Trading Up 0.2%
EMR opened at $157.56 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.66 and a current ratio of 0.90. Emerson Electric Co. has a one year low of $122.64 and a one year high of $166.35. The company has a market cap of $88.25 billion, a P/E ratio of 34.48, a PEG ratio of 2.34 and a beta of 1.24. The business’s 50-day simple moving average is $148.26 and its 200-day simple moving average is $143.46.
Emerson Electric Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be given a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, August 14th. Emerson Electric’s payout ratio is currently 48.58%.
Insider Activity
In other news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $161.91, for a total value of $1,562,431.50. Following the completion of the transaction, the chief executive officer owned 271,743 shares in the company, valued at approximately $43,997,909.13. This represents a 3.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.23% of the company’s stock.
Analysts Set New Price Targets
EMR has been the subject of several recent research reports. BNP Paribas Exane lifted their price objective on Emerson Electric from $180.00 to $185.00 in a research note on Thursday, August 6th. Barclays raised their target price on shares of Emerson Electric from $140.00 to $144.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Wells Fargo & Company lifted their price target on shares of Emerson Electric from $135.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. BMO Capital Markets increased their price objective on shares of Emerson Electric from $157.00 to $175.00 in a research report on Thursday, August 6th. Finally, Citigroup raised their price objective on shares of Emerson Electric from $174.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Thirteen 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $167.39.
Get Our Latest Stock Analysis on EMR
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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