Resources Management Corp CT ADV decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 44.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,423 shares of the industrial products company’s stock after selling 19,695 shares during the period. Resources Management Corp CT ADV’s holdings in Emerson Electric were worth $3,241,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of EMR. Norges Bank bought a new position in Emerson Electric during the 4th quarter valued at approximately $1,050,040,000. Ameriprise Financial Inc. raised its position in Emerson Electric by 185.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,192,982 shares of the industrial products company’s stock valued at $418,730,000 after purchasing an additional 2,075,425 shares during the last quarter. Fisher Asset Management LLC raised its position in Emerson Electric by 20.6% during the 3rd quarter. Fisher Asset Management LLC now owns 6,262,570 shares of the industrial products company’s stock valued at $821,524,000 after purchasing an additional 1,069,122 shares during the last quarter. Bank of New York Mellon Corp raised its position in Emerson Electric by 17.8% during the 4th quarter. Bank of New York Mellon Corp now owns 6,198,148 shares of the industrial products company’s stock valued at $822,618,000 after purchasing an additional 938,051 shares during the last quarter. Finally, Schroder Investment Management Group raised its position in Emerson Electric by 13.5% during the 3rd quarter. Schroder Investment Management Group now owns 7,205,569 shares of the industrial products company’s stock valued at $945,227,000 after purchasing an additional 859,171 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.
Emerson Electric Stock Performance
Emerson Electric stock opened at $143.06 on Monday. 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 $80.13 billion, a P/E ratio of 33.04, a PEG ratio of 2.28 and a beta of 1.25. The stock’s 50 day moving average is $139.73 and its 200 day moving average is $140.55. Emerson Electric Co. has a twelve month low of $122.64 and a twelve month high of $165.15.
Emerson Electric Announces Dividend
The business 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 annualized dividend and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio is presently 51.27%.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on EMR. Sanford C. Bernstein began coverage on Emerson Electric in a research report on Wednesday, June 10th. They issued an “outperform” rating and a $175.00 target price for the company. Daiwa Securities Group decreased their target price on Emerson Electric from $177.00 to $156.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Wells Fargo & Company increased their target price on Emerson Electric from $135.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Emerson Electric in a research report on Monday, May 4th. Finally, Royal Bank Of Canada increased their target price on Emerson Electric from $161.00 to $169.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.77.
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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