Ticino Wealth acquired a new position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 15,770 shares of the industrial products company’s stock, valued at approximately $2,093,000.
Several other institutional investors and hedge funds have also modified their holdings of the business. Novem Group increased its stake in shares of Emerson Electric by 0.4% in the 4th quarter. Novem Group now owns 26,526 shares of the industrial products company’s stock valued at $3,520,000 after buying an additional 100 shares during the period. Michael Brady & Co. LLC acquired a new stake in shares of Emerson Electric during the 4th quarter worth approximately $289,000. Evergreen Capital Management LLC raised its stake in shares of Emerson Electric by 13.6% during the fourth quarter. Evergreen Capital Management LLC now owns 8,568 shares of the industrial products company’s stock worth $1,137,000 after buying an additional 1,024 shares during the last quarter. Legacy Advisors LLC lifted its holdings in Emerson Electric by 3.0% in the fourth quarter. Legacy Advisors LLC now owns 8,450 shares of the industrial products company’s stock valued at $1,121,000 after buying an additional 243 shares during the period. Finally, Richards Merrill & Peterson Inc. boosted its stake in Emerson Electric by 2.1% in the fourth quarter. Richards Merrill & Peterson Inc. now owns 8,407 shares of the industrial products company’s stock valued at $1,116,000 after acquiring an additional 176 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.
Emerson Electric Price Performance
NYSE:EMR opened at $148.02 on Tuesday. The company has a market cap of $83.19 billion, a P/E ratio of 35.91, a P/E/G ratio of 2.33 and a beta of 1.28. Emerson Electric Co. has a 52-week low of $97.61 and a 52-week high of $165.15. The stock’s 50-day simple moving average is $140.47 and its 200 day simple moving average is $138.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.62 and a current ratio of 0.84.
Emerson Electric Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Friday, February 13th were issued a dividend of $0.555 per share. The ex-dividend date was Friday, February 13th. This represents a $2.22 annualized dividend and a dividend yield of 1.5%. Emerson Electric’s dividend payout ratio is 54.28%.
Analysts Set New Price Targets
Several analysts have commented on the stock. Wolfe Research dropped their target price on shares of Emerson Electric from $176.00 to $169.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. Daiwa Securities Group increased their target price on Emerson Electric from $153.00 to $177.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. TD Cowen cut shares of Emerson Electric from a “buy” rating to a “hold” rating and set a $150.00 price objective for the company. in a report on Friday, January 9th. Morgan Stanley raised their price objective on shares of Emerson Electric from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Friday, January 9th. Finally, Rothschild & Co Redburn upped their target price on shares of Emerson Electric from $154.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Twelve research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $162.38.
Read Our Latest Research Report on EMR
Insider Transactions at Emerson Electric
In related news, Director Matthew S. Levatich sold 1,476 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $162.16, for a total value of $239,348.16. Following the completion of the sale, the director directly owned 24,349 shares in the company, valued at $3,948,433.84. This represents a 5.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Nicholas J. Piazza sold 6,703 shares of the stock in a transaction on 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 transaction, the vice president directly owned 31,664 shares in the company, valued at approximately $5,036,792.48. This represents a 17.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 13,879 shares of company stock worth $2,116,818. Insiders own 0.23% of the company’s stock.
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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