RB Capital Management LLC bought a new stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor bought 5,768 shares of the industrial products company’s stock, valued at approximately $826,000.
Other hedge funds have also made changes to their positions in the company. 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 bought a new stake in shares of Emerson Electric in the 1st quarter valued at about $232,000. Caxton Associates LLP purchased a new stake in shares of Emerson Electric in the 1st quarter worth approximately $275,000. Sivia Capital Partners LLC bought a new position in shares of Emerson Electric during the second quarter valued at approximately $203,000. Finally, Jump Financial LLC increased its holdings in Emerson Electric by 121.5% during the second quarter. Jump Financial LLC now owns 10,543 shares of the industrial products company’s stock valued at $1,406,000 after buying an additional 5,783 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.
Emerson Electric Stock Performance
Shares of EMR stock opened at $155.37 on Friday. Emerson Electric Co. has a 12-month low of $122.64 and a 12-month high of $166.35. The business’s fifty day simple moving average is $148.79 and its 200-day simple moving average is $143.58. 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 company has a market cap of $87.02 billion, a PE ratio of 34.00, a PEG ratio of 2.35 and a beta of 1.24.
Emerson Electric Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 14th will be issued a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. Emerson Electric’s dividend payout ratio (DPR) is currently 48.58%.
Insider Buying and Selling at Emerson Electric
In other news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total transaction of $1,562,431.50. Following the sale, the chief executive officer owned 271,743 shares in the company, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.23% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. DA Davidson increased their target price on Emerson Electric from $145.00 to $155.00 and gave the company a “neutral” rating in a research report on Monday, August 24th. Sanford C. Bernstein boosted their price target on Emerson Electric from $169.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Stephens raised their price objective on Emerson Electric from $155.00 to $160.00 in a research report on Thursday, August 6th. Wells Fargo & Company lifted their target price on Emerson Electric from $135.00 to $155.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Finally, BNP Paribas Exane boosted their target price on shares of Emerson Electric from $180.00 to $185.00 in a report on Thursday, August 6th. Thirteen investment 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $167.83.
Check Out 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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