Hilton Head Capital Partners LLC bought a new stake in Emerson Electric Co. (NYSE:EMR – Free Report) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 5,660 shares of the industrial products company’s stock, valued at approximately $751,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of EMR. Ares Financial Consulting LLC purchased a new stake in Emerson Electric in the 4th quarter valued at approximately $29,000. Darwin Wealth Management LLC purchased a new stake in Emerson Electric in the 2nd quarter valued at approximately $29,000. Steph & Co. purchased a new stake in Emerson Electric in the 4th quarter valued at approximately $33,000. Wealth Watch Advisors INC purchased a new stake in Emerson Electric in the 3rd quarter valued at approximately $33,000. Finally, Strategic Wealth Advisors LLC purchased a new stake in Emerson Electric in the 4th quarter valued at approximately $41,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.
Emerson Electric Stock Up 0.2%
Shares of NYSE EMR opened at $138.36 on Monday. Emerson Electric Co. has a 12-month low of $122.11 and a 12-month high of $165.15. The company has a market cap of $77.50 billion, a P/E ratio of 31.95, a P/E/G ratio of 2.21 and a beta of 1.25. The company has a current ratio of 0.87, a quick ratio of 0.64 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average price of $138.42 and a 200 day moving average price of $140.07.
Emerson Electric Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be given a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, May 15th. Emerson Electric’s dividend payout ratio is presently 51.27%.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on EMR. Royal Bank Of Canada increased 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. BMO Capital Markets increased their price target on Emerson Electric from $150.00 to $157.00 in a research note on Friday, May 8th. Wolfe Research reduced their price target on Emerson Electric from $176.00 to $169.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 8th. Wells Fargo & Company increased their price target on Emerson Electric from $135.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Finally, Jefferies Financial Group began coverage on Emerson Electric in a research note on Tuesday, March 31st. They set a “buy” rating and a $175.00 price target on the stock. Twelve equities 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $163.24.
Read Our Latest Analysis on Emerson Electric
Insiders Place Their Bets
In other Emerson Electric 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 completion of the transaction, the chief executive officer directly owned 281,393 shares of the company’s stock, valued at $40,047,851.76. This represents a 1.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.23% of the stock is currently owned by insiders.
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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