Swiss National Bank decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,542,200 shares of the industrial products company’s stock after selling 79,200 shares during the quarter. Swiss National Bank owned about 0.27% of Emerson Electric worth $204,681,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Ares Financial Consulting LLC purchased a new stake in shares of Emerson Electric during the fourth quarter worth $29,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric during the second quarter worth $29,000. Steph & Co. purchased a new stake in shares of Emerson Electric during the fourth quarter worth $33,000. Meeder Asset Management Inc. grew its holdings in shares of Emerson Electric by 223.7% during the fourth quarter. Meeder Asset Management Inc. now owns 246 shares of the industrial products company’s stock worth $33,000 after buying an additional 170 shares in the last quarter. Finally, Wealth Watch Advisors INC purchased a new stake in shares of Emerson Electric during the third quarter worth $33,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.
Emerson Electric Trading Up 3.7%
NYSE EMR opened at $142.14 on Friday. The firm’s 50-day moving average is $139.52 and its two-hundred day moving average is $140.45. Emerson Electric Co. has a 12 month low of $122.64 and a 12 month high of $165.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.87 and a quick ratio of 0.64. The stock has a market capitalization of $79.61 billion, a P/E ratio of 32.83, a PEG ratio of 2.19 and a beta of 1.25.
Emerson Electric Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a $0.555 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.22 dividend on an annualized basis and a yield of 1.6%. Emerson Electric’s dividend payout ratio is presently 51.27%.
Analyst Ratings Changes
Several brokerages have recently weighed in on EMR. Barclays boosted their price target on shares of Emerson Electric from $140.00 to $144.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Emerson Electric in a research report on Monday, May 4th. Royal Bank Of Canada boosted their price target on shares of Emerson Electric from $161.00 to $169.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. 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, Loop Capital boosted their price target on shares of Emerson Electric from $155.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. One equities research 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. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $163.77.
Get Our Latest Analysis on Emerson Electric
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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