Berkshire Asset Management LLC PA decreased its position in Emerson Electric Co. (NYSE:EMR – Free Report) by 12.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 316,427 shares of the industrial products company’s stock after selling 43,843 shares during the period. Emerson Electric makes up about 1.8% of Berkshire Asset Management LLC PA’s investment portfolio, making the stock its 16th largest position. Berkshire Asset Management LLC PA’s holdings in Emerson Electric were worth $41,996,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. IFC & Insurance Marketing Inc. acquired a new stake in shares of Emerson Electric during the fourth quarter worth $27,000. Motiv8 Investments LLC acquired a new stake in shares of Emerson Electric during the fourth quarter worth $27,000. Ares Financial Consulting LLC acquired a new stake in shares of Emerson Electric during the fourth quarter worth $29,000. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric during the second quarter worth $29,000. Finally, Quattro Advisors LLC acquired a new stake in shares of Emerson Electric during the fourth quarter worth $30,000. Institutional investors and hedge funds own 74.30% of the company’s stock.
Emerson Electric Stock Up 1.6%
NYSE:EMR opened at $148.89 on Wednesday. The firm has a market capitalization of $83.39 billion, a price-to-earnings ratio of 34.38, a PEG ratio of 2.34 and a beta of 1.25. Emerson Electric Co. has a 1-year low of $122.64 and a 1-year high of $165.15. The company has a current ratio of 0.87, a quick ratio of 0.64 and a debt-to-equity ratio of 0.37. The business’s fifty day moving average price is $140.37 and its 200 day moving average price is $140.78.
Emerson Electric Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were given a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, May 15th. Emerson Electric’s payout ratio is presently 51.27%.
Analyst Upgrades and Downgrades
EMR has been the topic of a number of recent analyst reports. Daiwa Securities Group cut their target price on Emerson Electric from $177.00 to $156.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. BMO Capital Markets boosted their target price on Emerson Electric from $150.00 to $157.00 in a research report on Friday, May 8th. DA Davidson initiated coverage on Emerson Electric in a research report on Tuesday. They set a “neutral” rating and a $145.00 target price on the stock. Jefferies Financial Group initiated coverage on Emerson Electric in a research report on Tuesday, March 31st. They set a “buy” rating and a $175.00 target price on the stock. Finally, Wolfe Research cut their target price on Emerson Electric from $176.00 to $169.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 8th. One investment 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 issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $162.96.
Get 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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