LFG Wealth Partners LLC acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) in the 4th quarter, HoldingsChannel reports. The fund acquired 10,967 shares of the industrial products company’s stock, valued at approximately $1,456,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Silvant Capital Management LLC increased its position in shares of Emerson Electric by 0.6% during the fourth quarter. Silvant Capital Management LLC now owns 16,645 shares of the industrial products company’s stock valued at $2,209,000 after buying an additional 93 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in shares of Emerson Electric by 25.0% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 750 shares of the industrial products company’s stock valued at $100,000 after buying an additional 150 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of Emerson Electric by 3.4% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 96,581 shares of the industrial products company’s stock valued at $12,818,000 after buying an additional 3,133 shares during the period. Panagora Asset Management Inc. increased its position in shares of Emerson Electric by 111.0% during the fourth quarter. Panagora Asset Management Inc. now owns 9,072 shares of the industrial products company’s stock valued at $1,204,000 after buying an additional 4,772 shares during the period. Finally, Mariner LLC increased its position in shares of Emerson Electric by 8.1% during the fourth quarter. Mariner LLC now owns 549,039 shares of the industrial products company’s stock valued at $72,868,000 after buying an additional 41,365 shares during the period. 74.30% of the stock is owned by institutional investors.
Emerson Electric Price Performance
Shares of EMR opened at $146.59 on Tuesday. The stock has a market cap of $82.10 billion, a PE ratio of 33.85, a price-to-earnings-growth ratio of 2.28 and a beta of 1.25. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.64 and a current ratio of 0.87. Emerson Electric Co. has a fifty-two week low of $122.64 and a fifty-two week high of $165.15. The firm’s 50-day simple moving average is $140.03 and its two-hundred day simple moving average is $140.66.
Emerson Electric Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were issued a dividend of $0.555 per share. The ex-dividend date was Friday, May 15th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.5%. Emerson Electric’s dividend payout ratio is presently 51.27%.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Emerson Electric from $135.00 to $155.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. BMO Capital Markets boosted their price target on shares of Emerson Electric from $150.00 to $157.00 in a research report on Friday, May 8th. Daiwa Securities Group reduced their price target 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. Jefferies Financial Group began coverage on shares of Emerson Electric in a research report on Tuesday, March 31st. They set a “buy” rating and a $175.00 price target on the stock. Finally, Royal Bank Of Canada upped their price objective on shares of Emerson Electric from $161.00 to $169.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.77.
View Our Latest Research Report on Emerson Electric
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.
Read More
- Five stocks we like better than Emerson Electric
- 3 AI Stocks With Moats That Could Outlast Summer Volatility
- These 5 Companies Just Made a Massive Bet on Themselves
- 5 Stocks Built to Thrive in a Higher-for-Longer Economy
- RH’s Strong Q1 Still Leaves Investors With One Big Question
Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR – Free Report).
Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.
