Danica Pension Livsforsikringsaktieselskab purchased a new position in Emerson Electric Co. (NYSE:EMR – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 39,327 shares of the industrial products company’s stock, valued at approximately $5,630,000.
Other hedge funds have also recently bought and sold shares of the company. Rooted Wealth Advisors Inc. boosted its stake in shares of Emerson Electric by 3.0% during the 4th quarter. Rooted Wealth Advisors Inc. now owns 2,195 shares of the industrial products company’s stock valued at $291,000 after buying an additional 64 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in Emerson Electric by 2.4% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 3,098 shares of the industrial products company’s stock valued at $411,000 after acquiring an additional 72 shares in the last quarter. Zhang Financial LLC boosted its stake in Emerson Electric by 2.7% during the 4th quarter. Zhang Financial LLC now owns 2,892 shares of the industrial products company’s stock valued at $384,000 after acquiring an additional 76 shares during the last quarter. Klingman & Associates LLC increased its position in shares of Emerson Electric by 1.4% in the 4th quarter. Klingman & Associates LLC now owns 5,680 shares of the industrial products company’s stock worth $754,000 after purchasing an additional 78 shares during the last quarter. Finally, Root Financial Partners LLC raised its stake in shares of Emerson Electric by 3.6% in the 4th quarter. Root Financial Partners LLC now owns 2,227 shares of the industrial products company’s stock valued at $296,000 after purchasing an additional 78 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.
Emerson Electric Stock Performance
Shares of NYSE EMR opened at $157.82 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.90 and a debt-to-equity ratio of 0.37. The firm’s 50-day moving average price is $147.09 and its two-hundred day moving average price is $143.26. Emerson Electric Co. has a 52-week low of $122.64 and a 52-week high of $166.35. The stock has a market capitalization of $88.39 billion, a P/E ratio of 34.53, a P/E/G ratio of 2.43 and a beta of 1.24.
Emerson Electric Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 14th will be given a $0.555 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.22 annualized dividend and a yield of 1.4%. Emerson Electric’s dividend payout ratio (DPR) is currently 48.58%.
Analysts Set New Price Targets
A number of research firms recently commented on EMR. Citigroup lifted their price target on Emerson Electric from $174.00 to $182.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Sanford C. Bernstein increased their target price on Emerson Electric from $169.00 to $186.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Royal Bank Of Canada lifted their target price on Emerson Electric from $169.00 to $179.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. DA Davidson started coverage on Emerson Electric in a research report on Tuesday, June 16th. They set a “neutral” rating and a $145.00 price target on the stock. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Emerson Electric in a research note on Friday, July 31st. Thirteen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $166.96.
Check Out Our Latest Analysis on Emerson Electric
Insider Transactions at Emerson Electric
In other news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $161.91, for a total transaction of $1,562,431.50. Following the completion of the transaction, the chief executive officer owned 271,743 shares of the company’s stock, valued at approximately $43,997,909.13. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.23% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than Emerson Electric
- The AI Boom Is Turning This Cable Maker Into a Stock to Watch
- A Star Investor Just Trimmed Amazon—Here’s What It means
- Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
- Home Depot Analysts See a Path to $375 and Beyond
Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR – Free Report).
Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.
