Two Sigma Securities LLC bought a new stake in Emerson Electric Co. (NYSE:EMR – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,593 shares of the industrial products company’s stock, valued at approximately $944,000.
Other large investors have also modified their holdings of the company. Brighton Jones LLC increased its position in shares of Emerson Electric by 74.1% during the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after acquiring an additional 4,850 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Emerson Electric in the 1st quarter worth approximately $232,000. Caxton Associates LLP purchased a new position in shares of Emerson Electric during the 1st quarter worth approximately $275,000. Sivia Capital Partners LLC acquired a new stake in Emerson Electric in the 2nd quarter valued at approximately $203,000. Finally, Jump Financial LLC raised its position in Emerson Electric by 121.5% in the second quarter. Jump Financial LLC now owns 10,543 shares of the industrial products company’s stock valued at $1,406,000 after purchasing an additional 5,783 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.
Emerson Electric Stock Performance
Shares of Emerson Electric stock opened at $152.47 on Tuesday. The business has a 50-day simple moving average of $148.83 and a 200-day simple moving average of $143.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.66 and a current ratio of 0.90. Emerson Electric Co. has a one year low of $122.64 and a one year high of $166.35. The company has a market cap of $85.40 billion, a PE ratio of 33.36, a P/E/G ratio of 2.31 and a beta of 1.24.
Emerson Electric Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be paid a dividend of $0.555 per share. The ex-dividend date is Friday, August 14th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.5%. Emerson Electric’s payout ratio is presently 48.58%.
Insider Buying and Selling
In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total value of $1,562,431.50. Following the sale, the chief executive officer directly owned 271,743 shares in the company, valued at $43,997,909.13. This trade represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.23% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on EMR shares. Rothschild & Co Redburn raised their price target on Emerson Electric from $165.00 to $180.00 in a research report on Thursday, August 6th. BMO Capital Markets increased their target price on Emerson Electric from $157.00 to $175.00 in a research note on Thursday, August 6th. HSBC raised their target price on Emerson Electric from $170.00 to $180.00 in a report on Thursday, August 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Emerson Electric in a research note on Friday, July 31st. Finally, Sanford C. Bernstein increased their price target on shares of Emerson Electric from $169.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Thirteen investment 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $167.83.
Check Out Our Latest Report on EMR
Emerson Electric Company 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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