Kestra Advisory Services LLC raised its holdings in Emerson Electric Co. (NYSE:EMR – Free Report) by 7.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 254,847 shares of the industrial products company’s stock after purchasing an additional 16,955 shares during the quarter. Kestra Advisory Services LLC’s holdings in Emerson Electric were worth $33,390,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of the business. Rooted Wealth Advisors Inc. grew its holdings in Emerson Electric by 3.0% during the fourth quarter. Rooted Wealth Advisors Inc. now owns 2,195 shares of the industrial products company’s stock worth $291,000 after acquiring an additional 64 shares during the period. Institute for Wealth Management LLC. boosted its position in shares of Emerson Electric by 1.6% during the 4th quarter. Institute for Wealth Management LLC. now owns 4,546 shares of the industrial products company’s stock worth $603,000 after purchasing an additional 71 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in shares of Emerson Electric by 2.4% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 3,098 shares of the industrial products company’s stock worth $411,000 after purchasing an additional 72 shares during the period. Cornell Pochily Investment Advisors Inc. increased its holdings in shares of Emerson Electric by 0.3% in the 4th quarter. Cornell Pochily Investment Advisors Inc. now owns 29,260 shares of the industrial products company’s stock valued at $3,883,000 after purchasing an additional 76 shares in the last quarter. Finally, Zhang Financial LLC lifted its stake in shares of Emerson Electric by 2.7% in the fourth quarter. Zhang Financial LLC now owns 2,892 shares of the industrial products company’s stock valued at $384,000 after purchasing an additional 76 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.
Emerson Electric Price Performance
Emerson Electric stock traded up $1.10 during midday trading on Friday, reaching $138.90. 1,563,376 shares of the company were exchanged, compared to its average volume of 2,681,216. The firm’s 50-day simple moving average is $140.81 and its 200-day simple moving average is $141.76. Emerson Electric Co. has a 1 year low of $122.64 and a 1 year high of $165.15. The company has a market capitalization of $77.80 billion, a price-to-earnings ratio of 32.08, a P/E/G ratio of 2.20 and a beta of 1.25. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.64 and a current ratio of 0.87.
Emerson Electric Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were issued a dividend of $0.555 per share. The ex-dividend date was Friday, May 15th. This represents a $2.22 annualized dividend and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio (DPR) is 51.27%.
Analyst Upgrades and Downgrades
EMR has been the topic of several recent analyst reports. Sanford C. Bernstein initiated coverage on shares of Emerson Electric in a research report on Wednesday, June 10th. They set an “outperform” rating and a $175.00 target price on the stock. Royal Bank Of Canada raised their price objective on Emerson Electric from $161.00 to $169.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Emerson Electric in a report on Monday, May 4th. Jefferies Financial Group began coverage on Emerson Electric in a report on Tuesday, March 31st. They issued a “buy” rating and a $175.00 target price on the stock. Finally, Wolfe Research cut their price target on Emerson Electric from $176.00 to $169.00 and set an “outperform” rating for the company in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $163.32.
Read Our Latest Research Report on Emerson Electric
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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