John G Ullman & Associates Inc. trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 9.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 250,719 shares of the industrial products company’s stock after selling 26,722 shares during the quarter. Emerson Electric makes up 4.4% of John G Ullman & Associates Inc.’s investment portfolio, making the stock its 3rd largest position. John G Ullman & Associates Inc.’s holdings in Emerson Electric were worth $32,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rooted Wealth Advisors Inc. grew its holdings 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 worth $291,000 after purchasing an additional 64 shares during the last quarter. Institute for Wealth Management LLC. grew its holdings in Emerson Electric by 1.6% in the 4th 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 increased its position in shares of 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 acquiring an additional 72 shares during the period. Cornell Pochily Investment Advisors Inc. raised its stake in shares of Emerson Electric by 0.3% during the fourth quarter. Cornell Pochily Investment Advisors Inc. now owns 29,260 shares of the industrial products company’s stock valued at $3,883,000 after acquiring an additional 76 shares during the last quarter. Finally, Zhang Financial LLC boosted its holdings in shares of Emerson Electric by 2.7% during the fourth 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 during the period. Institutional investors own 74.30% of the company’s stock.
Emerson Electric Stock Performance
Emerson Electric stock opened at $139.39 on Friday. Emerson Electric Co. has a twelve month low of $122.64 and a twelve month 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. The company has a market capitalization of $78.07 billion, a P/E ratio of 32.19, a PEG ratio of 2.22 and a beta of 1.25. The stock’s 50 day moving average is $140.35 and its 200 day moving average is $141.81.
Emerson Electric Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were paid a $0.555 dividend. The ex-dividend date was Friday, May 15th. This represents a $2.22 dividend on an annualized basis and a yield of 1.6%. Emerson Electric’s payout ratio is presently 51.27%.
Wall Street Analysts Forecast Growth
EMR has been the subject of a number of recent analyst reports. Wolfe Research lowered their price target on Emerson Electric from $176.00 to $169.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. DA Davidson began coverage on shares of Emerson Electric in a research report on Tuesday, June 16th. They set a “neutral” rating and a $145.00 price objective on the stock. Barclays raised their target price 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. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a research note on Tuesday, March 31st. They issued a “buy” rating and a $175.00 price target for the company. Finally, KeyCorp reduced their target price on Emerson Electric from $185.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $162.64.
Read Our Latest Research Report 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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