Natixis Advisors LLC trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 347,752 shares of the industrial products company’s stock after selling 6,675 shares during the quarter. Natixis Advisors LLC owned 0.06% of Emerson Electric worth $46,154,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Beto Financial Group LLC acquired a new position in Emerson Electric during the 4th quarter worth $469,000. Crestmont Private Wealth LLC grew its stake in Emerson Electric by 6.2% during the 4th quarter. Crestmont Private Wealth LLC now owns 2,743 shares of the industrial products company’s stock worth $364,000 after purchasing an additional 160 shares in the last quarter. Spinnaker Trust grew its stake in Emerson Electric by 4.1% during the 4th quarter. Spinnaker Trust now owns 25,178 shares of the industrial products company’s stock worth $3,342,000 after purchasing an additional 1,000 shares in the last quarter. Root Financial Partners LLC grew its stake in Emerson Electric by 3.6% during the 4th quarter. Root Financial Partners LLC now owns 2,227 shares of the industrial products company’s stock worth $296,000 after purchasing an additional 78 shares in the last quarter. Finally, One Capital Management LLC grew its stake in Emerson Electric by 16.1% during the 4th quarter. One Capital Management LLC now owns 2,889 shares of the industrial products company’s stock worth $383,000 after purchasing an additional 400 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.
Emerson Electric Stock Down 0.6%
Emerson Electric stock opened at $141.18 on Thursday. Emerson Electric Co. has a fifty-two week low of $120.46 and a fifty-two week high of $165.15. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.64 and a current ratio of 0.87. The company has a market capitalization of $79.07 billion, a P/E ratio of 32.60, a PEG ratio of 2.27 and a beta of 1.25. The stock has a 50-day simple moving average of $138.02 and a 200-day simple moving average of $139.89.
Emerson Electric Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be issued a $0.555 dividend. This represents a $2.22 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, May 15th. Emerson Electric’s payout ratio is presently 51.27%.
Analysts Set New Price Targets
Several research firms recently commented on EMR. Daiwa Securities Group lowered their target price on Emerson Electric from $177.00 to $156.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. Wells Fargo & Company lifted their price target on Emerson Electric from $135.00 to $155.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Stephens lifted their price target on Emerson Electric from $145.00 to $155.00 and gave the stock an “equal weight” rating in a report on Monday, February 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Emerson Electric in a report on Monday, May 4th. Finally, Citigroup lifted their price target on Emerson Electric from $165.00 to $174.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Twelve analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $163.24.
Insider Buying and Selling at Emerson Electric
In other news, CEO Surendralal Lanca Karsanbhai sold 5,700 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $142.32, for a total value of $811,224.00. Following the completion of the sale, the chief executive officer directly owned 281,393 shares of the company’s stock, valued at approximately $40,047,851.76. The trade was a 1.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.23% of the company’s stock.
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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