Beto Financial Group LLC purchased a new position in Emerson Electric Co. (NYSE:EMR – Free Report) in the fourth quarter, HoldingsChannel reports. The firm purchased 3,532 shares of the industrial products company’s stock, valued at approximately $469,000.
Other institutional investors also recently made changes to their positions in the company. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric in the 2nd quarter worth approximately $29,000. Ares Financial Consulting LLC acquired a new stake in Emerson Electric during the fourth quarter valued at approximately $29,000. Steph & Co. acquired a new stake in Emerson Electric during the fourth quarter valued at approximately $33,000. Wealth Watch Advisors INC acquired a new stake in Emerson Electric during the third quarter valued at approximately $33,000. Finally, Strategic Wealth Advisors LLC acquired a new stake in Emerson Electric during the fourth quarter valued at approximately $41,000. 74.30% of the stock is owned by institutional investors and hedge funds.
Emerson Electric Stock Performance
EMR stock opened at $141.64 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 0.87 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $79.33 billion, a price-to-earnings ratio of 32.71, a P/E/G ratio of 2.30 and a beta of 1.25. Emerson Electric Co. has a 12 month low of $117.16 and a 12 month high of $165.15. The firm has a 50 day moving average of $137.51 and a two-hundred day moving average of $139.73.
Emerson Electric Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be issued a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, May 15th. Emerson Electric’s dividend payout ratio is currently 51.27%.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the stock. Citigroup increased their target price on shares of Emerson Electric from $165.00 to $174.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Weiss Ratings restated a “hold (c+)” rating on shares of Emerson Electric in a report on Monday, May 4th. Royal Bank Of Canada boosted their price target on shares of Emerson Electric from $161.00 to $169.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Rothschild & Co Redburn boosted their price target on shares of Emerson Electric from $154.00 to $165.00 and gave the company a “buy” rating in a report on Monday, February 9th. Finally, Wells Fargo & Company boosted their price target on shares of Emerson Electric from $135.00 to $155.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Twelve equities 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 stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $163.24.
Read Our Latest Analysis on Emerson Electric
Insider Activity
In related news, CEO Surendralal Lanca Karsanbhai sold 5,700 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $142.32, for a total transaction of $811,224.00. Following the completion of the sale, the chief executive officer directly owned 281,393 shares of the company’s stock, valued at approximately $40,047,851.76. This represents a 1.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.
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