Strategic Advisors LLC lowered its position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 9.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 48,870 shares of the industrial products company’s stock after selling 5,069 shares during the quarter. Emerson Electric comprises 1.0% of Strategic Advisors LLC’s holdings, making the stock its 26th largest position. Strategic Advisors LLC’s holdings in Emerson Electric were worth $6,486,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of EMR. Norges Bank acquired a new position in shares of Emerson Electric during the fourth quarter worth $1,050,040,000. Ameriprise Financial Inc. grew its stake in shares of Emerson Electric by 185.7% during the third quarter. Ameriprise Financial Inc. now owns 3,192,982 shares of the industrial products company’s stock worth $418,730,000 after purchasing an additional 2,075,425 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Emerson Electric by 20.6% during the third quarter. Fisher Asset Management LLC now owns 6,262,570 shares of the industrial products company’s stock worth $821,524,000 after purchasing an additional 1,069,122 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of Emerson Electric by 13.5% during the third quarter. Schroder Investment Management Group now owns 7,205,569 shares of the industrial products company’s stock worth $945,227,000 after purchasing an additional 859,171 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Emerson Electric by 97.6% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,707,873 shares of the industrial products company’s stock worth $227,783,000 after purchasing an additional 843,526 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.
Emerson Electric Price Performance
Shares of EMR opened at $141.64 on Tuesday. Emerson Electric Co. has a fifty-two week low of $117.16 and a fifty-two week high of $165.15. The company has a market capitalization of $79.33 billion, a price-to-earnings ratio of 32.71, a price-to-earnings-growth ratio of 2.30 and a beta of 1.25. The firm has a 50-day simple moving average of $137.51 and a 200-day simple moving average of $139.73. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.64 and a current ratio of 0.87.
Emerson Electric Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, May 15th. Emerson Electric’s dividend payout ratio (DPR) is 51.27%.
Insiders Place Their Bets
In other news, CEO Surendralal Lanca Karsanbhai sold 5,700 shares of the business’s 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 completion of the sale, the chief executive officer directly owned 281,393 shares of the company’s stock, valued at $40,047,851.76. The trade was a 1.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.23% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on EMR. KeyCorp boosted their target price on shares of Emerson Electric from $155.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Wolfe Research decreased their price objective on shares of Emerson Electric from $176.00 to $169.00 and set an “outperform” rating for the company in a research note on Wednesday, April 8th. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $135.00 to $155.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Royal Bank Of Canada upped their price objective on shares of Emerson Electric from $161.00 to $169.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Finally, Rothschild & Co Redburn upped their price objective on shares of Emerson Electric from $154.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Twelve research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $163.24.
View Our Latest Stock Analysis on EMR
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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