Focus Partners Wealth raised its position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 65.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 358,193 shares of the industrial products company’s stock after purchasing an additional 142,181 shares during the quarter. Focus Partners Wealth’s holdings in Emerson Electric were worth $47,526,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in EMR. Brighton Jones LLC increased its position in Emerson Electric by 74.1% during the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after purchasing an additional 4,850 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Emerson Electric during the 1st quarter worth approximately $232,000. Caxton Associates LLP acquired a new stake in shares of Emerson Electric during the 1st quarter worth approximately $275,000. Sivia Capital Partners LLC acquired a new stake in shares of Emerson Electric during the 2nd quarter worth approximately $203,000. Finally, Jump Financial LLC grew its position in shares of Emerson Electric by 121.5% during the 2nd quarter. Jump Financial LLC now owns 10,543 shares of the industrial products company’s stock worth $1,406,000 after buying an additional 5,783 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.
Emerson Electric Price Performance
EMR opened at $146.59 on Tuesday. 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 company has a market capitalization of $82.10 billion, a price-to-earnings ratio of 33.85, a P/E/G ratio of 2.28 and a beta of 1.25. The firm’s fifty day moving average price is $140.03 and its two-hundred day moving average price is $140.66. Emerson Electric Co. has a 1 year low of $122.64 and a 1 year high of $165.15.
Emerson Electric Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders 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 1.5%. The ex-dividend date of this dividend was Friday, May 15th. Emerson Electric’s payout ratio is currently 51.27%.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the stock. Jefferies Financial Group started coverage on shares of Emerson Electric in a research report on Tuesday, March 31st. They set a “buy” rating and a $175.00 price objective for the company. Royal Bank Of Canada lifted 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. Wells Fargo & Company lifted 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Emerson Electric in a research report on Monday, May 4th. Finally, Barclays lifted 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. One 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 issued a Sell rating to the stock. According to MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $163.77.
Check Out Our Latest Stock 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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