Strs Ohio increased its holdings in Emerson Electric Co. (NYSE:EMR – Free Report) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 305,621 shares of the industrial products company’s stock after buying an additional 28,756 shares during the quarter. Strs Ohio’s holdings in Emerson Electric were worth $40,562,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the business. Ares Financial Consulting LLC purchased a new stake in shares of Emerson Electric in the 4th quarter valued at $29,000. Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric during the second quarter worth $29,000. Steph & Co. acquired a new position in Emerson Electric during the fourth quarter valued at $33,000. Wealth Watch Advisors INC purchased a new stake in Emerson Electric in the third quarter valued at $33,000. Finally, Financial Consulate Inc. acquired a new stake in Emerson Electric during the 3rd quarter worth about $41,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.
Emerson Electric Stock Performance
NYSE EMR opened at $137.53 on Friday. The stock has a market capitalization of $77.29 billion, a price-to-earnings ratio of 33.63, a PEG ratio of 2.19 and a beta of 1.26. The stock has a 50-day moving average of $138.85 and a 200 day moving average of $138.92. The company has a current ratio of 0.84, a quick ratio of 0.62 and a debt-to-equity ratio of 0.37. Emerson Electric Co. has a twelve month low of $106.51 and a twelve month high of $165.15.
Emerson Electric Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Friday, February 13th were issued a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, February 13th. Emerson Electric’s payout ratio is presently 54.28%.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on EMR shares. TD Cowen cut Emerson Electric from a “buy” rating to a “hold” rating and set a $150.00 price objective for the company. in a report on Friday, January 9th. Citigroup raised 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. Weiss Ratings cut Emerson Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 4th. Daiwa Securities Group upped their price objective on Emerson Electric from $153.00 to $177.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Finally, Evercore raised their price objective on shares of Emerson Electric from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Twelve research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of “Hold” and an average target price of $162.38.
Check Out Our Latest Report on EMR
Insiders Place Their Bets
In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 5,700 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $142.32, for a total transaction of $811,224.00. Following the transaction, the chief executive officer directly owned 281,393 shares of the company’s stock, valued at $40,047,851.76. This trade represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Matthew S. Levatich sold 1,476 shares of Emerson Electric stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $162.16, for a total transaction of $239,348.16. Following the completion of the sale, the director owned 24,349 shares in the company, valued at approximately $3,948,433.84. This trade represents a 5.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 13,879 shares of company stock worth $2,116,818. Company insiders own 0.23% of the company’s stock.
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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