Generali Investments Management Co LLC grew its holdings in Emerson Electric Co. (NYSE:EMR – Free Report) by 91.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,339 shares of the industrial products company’s stock after purchasing an additional 14,952 shares during the quarter. Emerson Electric makes up approximately 1.0% of Generali Investments Management Co LLC’s portfolio, making the stock its 19th largest holding. Generali Investments Management Co LLC’s holdings in Emerson Electric were worth $4,486,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Basso Capital Management L.P. acquired a new stake in Emerson Electric during the 4th quarter valued at $25,000. Allied Private Wealth LLC acquired a new position in shares of Emerson Electric in the second quarter worth $27,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of Emerson Electric in the fourth quarter valued at $27,000. Motiv8 Investments LLC purchased a new stake in shares of Emerson Electric in the fourth quarter valued at $27,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric during the second quarter valued at $29,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.
Emerson Electric Trading Up 0.3%
Shares of EMR opened at $158.74 on Tuesday. Emerson Electric Co. has a twelve month low of $122.64 and a twelve month high of $165.15. The firm has a market capitalization of $88.91 billion, a P/E ratio of 34.74, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24. The company has a current ratio of 0.90, a quick ratio of 0.66 and a debt-to-equity ratio of 0.37. The stock’s fifty day simple moving average is $144.49 and its 200 day simple moving average is $142.68.
Emerson Electric Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be given a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. Emerson Electric’s dividend payout ratio is 48.58%.
Analysts Set New Price Targets
Several research analysts recently weighed in on the stock. Stephens boosted their target price on shares of Emerson Electric from $155.00 to $160.00 in a research note on Thursday, August 6th. Sanford C. Bernstein decreased their price target on shares of Emerson Electric from $175.00 to $169.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Wall Street Zen upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Saturday. BMO Capital Markets upped their price objective on shares of Emerson Electric from $157.00 to $175.00 in a research note on Thursday, August 6th. Finally, Citigroup raised their target price on shares of Emerson Electric from $174.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Thirteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.22.
Get Our Latest 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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