Rakuten Investment Management Inc. lifted its position in Emerson Electric Co. (NYSE:EMR – Free Report) by 6.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 73,947 shares of the industrial products company’s stock after buying an additional 4,667 shares during the period. Rakuten Investment Management Inc.’s holdings in Emerson Electric were worth $9,999,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in EMR. IFC & Insurance Marketing Inc. bought a new stake in shares of Emerson Electric in the 4th quarter valued at $27,000. Motiv8 Investments LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at $27,000. Ares Financial Consulting LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at $29,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric in the 2nd quarter valued at $29,000. Finally, Quattro Advisors LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at $30,000. Institutional investors own 74.30% of the company’s stock.
Emerson Electric Price Performance
EMR stock opened at $148.89 on Wednesday. The stock has a 50-day moving average price of $140.37 and a two-hundred day moving average price of $140.78. The stock has a market cap of $83.39 billion, a PE ratio of 34.38, a price-to-earnings-growth ratio of 2.34 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. Emerson Electric Co. has a 1 year low of $122.64 and a 1 year high of $165.15.
Emerson Electric Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, May 15th. Emerson Electric’s dividend payout ratio is currently 51.27%.
Analyst Ratings Changes
A number of analysts recently commented on the stock. Wells Fargo & Company upped their price objective 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. DA Davidson assumed coverage on shares of Emerson Electric in a research report on Tuesday. They issued a “neutral” rating and a $145.00 price objective for the company. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a research report on Tuesday, March 31st. They issued a “buy” rating and a $175.00 price objective for the company. Sanford C. Bernstein assumed coverage on Emerson Electric in a report on Wednesday, June 10th. They set an “outperform” rating and a $175.00 target price for the company. Finally, Barclays increased their target price on Emerson Electric from $140.00 to $144.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $162.96.
Check Out Our Latest Analysis 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.
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