Trust Co. of Toledo NA OH lifted its stake in Emerson Electric Co. (NYSE:EMR – Free Report) by 36.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,914 shares of the industrial products company’s stock after buying an additional 6,352 shares during the period. Trust Co. of Toledo NA OH’s holdings in Emerson Electric were worth $3,174,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. Revolve Wealth Partners LLC grew its holdings in Emerson Electric by 3.5% during the third quarter. Revolve Wealth Partners LLC now owns 2,308 shares of the industrial products company’s stock valued at $303,000 after purchasing an additional 79 shares during the last quarter. Atlas Legacy Advisors LLC lifted its stake in shares of Emerson Electric by 2.1% in the third quarter. Atlas Legacy Advisors LLC now owns 3,921 shares of the industrial products company’s stock worth $514,000 after buying an additional 79 shares during the last quarter. Unison Advisors LLC boosted its holdings in shares of Emerson Electric by 0.4% during the 3rd quarter. Unison Advisors LLC now owns 21,496 shares of the industrial products company’s stock worth $2,820,000 after buying an additional 80 shares during the period. Abbot Financial Management Inc. grew its stake in Emerson Electric by 0.5% in the 3rd quarter. Abbot Financial Management Inc. now owns 17,594 shares of the industrial products company’s stock valued at $2,308,000 after buying an additional 80 shares during the last quarter. Finally, Live Oak Private Wealth LLC raised its holdings in Emerson Electric by 1.9% in the 3rd quarter. Live Oak Private Wealth LLC now owns 4,407 shares of the industrial products company’s stock worth $578,000 after acquiring an additional 81 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.
Emerson Electric Stock Up 0.0%
EMR stock opened at $131.71 on Friday. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $165.15. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The company has a market cap of $74.02 billion, a PE ratio of 32.20, a price-to-earnings-growth ratio of 2.10 and a beta of 1.28. The business’s 50-day simple moving average is $142.66 and its 200 day simple moving average is $137.49.
Emerson Electric Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Friday, February 13th were issued a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, February 13th. Emerson Electric’s payout ratio is 54.28%.
Analyst Ratings Changes
A number of research firms have issued reports on EMR. KeyCorp upped their price target on shares of Emerson Electric from $155.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Morgan Stanley boosted their price objective on Emerson Electric from $115.00 to $125.00 and gave the stock an “underweight” rating in a research report on Friday, January 9th. Citigroup raised their target price on Emerson Electric from $165.00 to $174.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. HSBC lifted their price target on Emerson Electric from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Finally, Wolfe Research reduced their price objective on Emerson Electric from $177.00 to $176.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Twelve investment 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, the company presently has an average rating of “Hold” and a consensus target price of $163.43.
View Our Latest Stock Report on Emerson Electric
Insider Activity
In related news, CEO Surendralal Lanca Karsanbhai sold 5,700 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $142.32, for a total value of $811,224.00. Following the sale, the chief executive officer owned 281,393 shares of the company’s stock, valued at $40,047,851.76. The trade was a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Nicholas J. Piazza sold 6,703 shares of the stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $159.07, for a total transaction of $1,066,246.21. Following the completion of the transaction, the vice president directly owned 31,664 shares of the company’s stock, valued at $5,036,792.48. This trade represents a 17.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 13,879 shares of company stock worth $2,116,818. 0.23% of the stock is currently owned by corporate insiders.
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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