Groupama Asset Managment reduced its position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 22.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,647 shares of the industrial products company’s stock after selling 6,877 shares during the period. Groupama Asset Managment’s holdings in Emerson Electric were worth $3,102,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of EMR. Darwin Wealth Management LLC bought a new position in shares of Emerson Electric in the 2nd quarter valued at $29,000. Wealth Watch Advisors INC bought a new stake in shares of Emerson Electric during the 3rd quarter worth $33,000. Winnow Wealth LLC acquired a new stake in Emerson Electric in the second quarter valued at about $34,000. Traub Capital Management LLC bought a new position in Emerson Electric in the second quarter valued at about $37,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Emerson Electric during the second quarter worth about $39,000. Institutional investors and hedge funds own 74.30% of the company’s stock.
Emerson Electric Stock Performance
Emerson Electric stock opened at $129.86 on Friday. The business has a 50 day moving average of $146.73 and a 200-day moving average of $137.81. The company has a market capitalization of $72.98 billion, a P/E ratio of 31.75, a P/E/G ratio of 2.07 and a beta of 1.24. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $165.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.62.
Emerson Electric Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Friday, February 13th were paid a $0.555 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $2.22 annualized dividend and a dividend yield of 1.7%. Emerson Electric’s payout ratio is currently 54.28%.
Insider Activity at Emerson Electric
In related news, CEO Surendralal Lanca Karsanbhai sold 5,700 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $142.32, for a total value of $811,224.00. Following the completion of the sale, the chief executive officer directly owned 281,393 shares in the company, valued at $40,047,851.76. This represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Nicholas J. Piazza sold 6,703 shares of Emerson Electric stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $159.07, for a total value of $1,066,246.21. Following the transaction, the vice president directly owned 31,664 shares in the company, valued at $5,036,792.48. The trade was a 17.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 13,879 shares of company stock worth $2,116,818 over the last three months. Company insiders own 0.23% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on EMR shares. Oppenheimer restated a “market perform” rating on shares of Emerson Electric in a research note on Tuesday, January 27th. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $145.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. Stephens increased their price objective on shares of Emerson Electric from $145.00 to $155.00 and gave the company an “equal weight” rating in a research note on Monday, February 9th. Citigroup boosted their target price on shares of Emerson Electric from $165.00 to $174.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Finally, Weiss Ratings downgraded shares of Emerson Electric from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 4th. Eleven analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $164.85.
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.
See Also
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