Keebeck Wealth Management lowered its holdings in Emerson Electric Co. (NYSE:EMR – Free Report) by 18.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,036 shares of the industrial products company’s stock after selling 6,358 shares during the period. Keebeck Wealth Management’s holdings in Emerson Electric were worth $3,673,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in EMR. Basso Capital Management L.P. bought a new position in shares of Emerson Electric in the fourth quarter valued at $25,000. IFC & Insurance Marketing Inc. bought a new stake in shares of Emerson Electric during the 4th quarter worth $27,000. Motiv8 Investments LLC acquired a new position in shares of Emerson Electric in the 4th quarter worth $27,000. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric during the second quarter worth $29,000. Finally, Ares Financial Consulting LLC purchased a new stake in shares of Emerson Electric during the fourth quarter valued at $29,000. 74.30% of the stock is owned by institutional investors and hedge funds.
Emerson Electric Trading Up 3.7%
Shares of NYSE EMR opened at $144.76 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.64 and a debt-to-equity ratio of 0.37. Emerson Electric Co. has a one year low of $122.64 and a one year high of $165.15. The business has a 50-day moving average price of $140.51 and a two-hundred day moving average price of $142.03. The firm has a market capitalization of $81.08 billion, a PE ratio of 33.43, a PEG ratio of 2.23 and a beta of 1.25.
Emerson Electric Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given 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 1.5%. Emerson Electric’s dividend payout ratio is presently 51.27%.
Analyst Ratings Changes
A number of equities analysts recently weighed in on EMR shares. Royal Bank Of Canada lifted their price target on Emerson Electric from $161.00 to $169.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Sanford C. Bernstein decreased their target price on shares of Emerson Electric from $175.00 to $169.00 and set an “outperform” rating for the company in a report on Monday. Daiwa Securities Group dropped their target price on shares of Emerson Electric from $177.00 to $156.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. Barclays boosted their price target on shares of Emerson Electric from $140.00 to $144.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Finally, Jefferies Financial Group started coverage on shares of Emerson Electric in a research note on Tuesday, March 31st. They issued a “buy” rating and a $175.00 price objective for the company. Thirteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.36.
View Our Latest Stock Report 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.
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