Ieq Capital LLC bought a new position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,390 shares of the industrial products company’s stock, valued at approximately $772,000.
A number of other hedge funds and other institutional investors have also modified their holdings of EMR. Basso Capital Management L.P. acquired a new stake in shares of Emerson Electric in the 4th quarter valued at $25,000. Allied Private Wealth LLC acquired a new position in shares of Emerson Electric during the second quarter valued at $27,000. IFC & Insurance Marketing Inc. bought a new position in Emerson Electric in the fourth quarter valued at about $27,000. Motiv8 Investments LLC acquired a new stake in Emerson Electric in the fourth quarter worth about $27,000. Finally, Darwin Wealth Management LLC bought a new stake in Emerson Electric during the 2nd quarter worth about $29,000. Institutional investors and hedge funds own 74.30% of the company’s stock.
Emerson Electric Stock Down 0.4%
Shares of NYSE:EMR opened at $157.58 on Friday. The company has a 50 day moving average price of $148.70 and a two-hundred day moving average price of $143.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.66 and a current ratio of 0.90. The company has a market capitalization of $88.26 billion, a PE ratio of 34.48, a PEG ratio of 2.35 and a beta of 1.24. Emerson Electric Co. has a 52 week low of $122.64 and a 52 week high of $166.35.
Emerson Electric Dividend Announcement
The firm also recently declared 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. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.4%. Emerson Electric’s dividend payout ratio (DPR) is currently 48.58%.
Insider Buying and Selling at Emerson Electric
In other news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of Emerson Electric stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total transaction of $1,562,431.50. Following the transaction, the chief executive officer owned 271,743 shares in the company, valued at $43,997,909.13. The trade was a 3.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.23% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on EMR shares. HSBC raised their target price on shares of Emerson Electric from $170.00 to $180.00 in a research note on Thursday, August 6th. Rothschild & Co Redburn raised their price objective on shares of Emerson Electric from $165.00 to $180.00 in a research note on Thursday, August 6th. JPMorgan Chase & Co. raised shares of Emerson Electric from a “neutral” rating to an “overweight” rating and set a $157.00 target price for the company in a report on Friday, July 17th. Barclays increased their price target on Emerson Electric from $140.00 to $144.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Citigroup raised their price target on Emerson Electric from $174.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Thirteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $167.39.
View Our Latest Analysis on Emerson Electric
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.
Featured Stories
- Five stocks we like better than Emerson Electric
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR – Free Report).
Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.
