Kathmere Capital Management LLC increased its holdings in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 131.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,214 shares of the industrial products company’s stock after buying an additional 5,799 shares during the quarter. Kathmere Capital Management LLC’s holdings in Emerson Electric were worth $1,338,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EMR. Basso Capital Management L.P. purchased a new position in shares of Emerson Electric during the 4th quarter worth about $25,000. IFC & Insurance Marketing Inc. purchased a new stake in Emerson Electric in the fourth quarter valued at approximately $27,000. Motiv8 Investments LLC acquired a new position in Emerson Electric during the fourth quarter worth approximately $27,000. Darwin Wealth Management LLC purchased a new position in Emerson Electric during the second quarter worth approximately $29,000. Finally, Ares Financial Consulting LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.
Emerson Electric Stock Down 2.8%
Shares of NYSE EMR traded down $4.02 on Tuesday, hitting $137.54. The company had a trading volume of 398,725 shares, compared to its average volume of 3,150,626. The company has a quick ratio of 0.64, a current ratio of 0.87 and a debt-to-equity ratio of 0.37. Emerson Electric Co. has a 12-month low of $122.64 and a 12-month high of $165.15. The firm has a market capitalization of $77.04 billion, a P/E ratio of 31.77, a PEG ratio of 2.22 and a beta of 1.25. The business has a 50 day moving average of $140.97 and a two-hundred day moving average of $141.62.
Emerson Electric Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were issued a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, May 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 51.27%.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Emerson Electric in a report on Monday, May 4th. Sanford C. Bernstein initiated coverage on Emerson Electric in a research report on Wednesday, June 10th. They set an “outperform” rating and a $175.00 price target for the company. Jefferies Financial Group began coverage on Emerson Electric in a report on Tuesday, March 31st. They issued a “buy” rating and a $175.00 price objective on the stock. Daiwa Securities Group reduced their price objective on Emerson Electric from $177.00 to $156.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. Finally, Wolfe Research decreased their target price on Emerson Electric from $176.00 to $169.00 and set an “outperform” rating for the company in a report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.32.
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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