Aventail Capital Group LP reduced its position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 25.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 57,610 shares of the industrial products company’s stock after selling 19,313 shares during the period. Aventail Capital Group LP’s holdings in Emerson Electric were worth $7,646,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Murphy Middleton Hinkle & Parker Inc. lifted its position in shares of Emerson Electric by 229.1% during the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 46,467 shares of the industrial products company’s stock valued at $6,167,000 after acquiring an additional 32,346 shares during the last quarter. Elo Mutual Pension Insurance Co lifted its position in shares of Emerson Electric by 26.6% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 67,546 shares of the industrial products company’s stock valued at $8,861,000 after acquiring an additional 14,210 shares during the last quarter. Empirical Asset Management LLC acquired a new stake in shares of Emerson Electric during the 3rd quarter valued at $1,738,000. Forbes J M & Co. LLP lifted its position in shares of Emerson Electric by 692.5% during the 4th quarter. Forbes J M & Co. LLP now owns 95,811 shares of the industrial products company’s stock valued at $12,716,000 after acquiring an additional 83,721 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Emerson Electric by 863.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 548,823 shares of the industrial products company’s stock valued at $72,840,000 after acquiring an additional 491,883 shares during the last quarter. 74.30% of the stock is owned by institutional investors.
Emerson Electric Price Performance
EMR opened at $149.10 on Thursday. The stock has a fifty day moving average of $140.70 and a 200-day moving average of $140.91. The firm has a market capitalization of $83.51 billion, a P/E ratio of 34.43, a PEG ratio of 2.38 and a beta of 1.25. Emerson Electric Co. has a 12-month low of $122.64 and a 12-month high of $165.15. 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 Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were issued a $0.555 dividend. The ex-dividend date was Friday, May 15th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.5%. Emerson Electric’s dividend payout ratio is presently 51.27%.
Analyst Upgrades and Downgrades
EMR has been the subject of a number of recent research reports. 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 price objective for the company. Royal Bank Of Canada increased their price objective on Emerson Electric from $161.00 to $169.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Daiwa Securities Group cut their price objective on Emerson Electric from $177.00 to $156.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Wolfe Research cut their price objective on Emerson Electric from $176.00 to $169.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. Finally, BMO Capital Markets increased their price objective on Emerson Electric from $150.00 to $157.00 in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $162.96.
Read Our Latest Stock Analysis on EMR
Emerson Electric 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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