KBC Group NV increased its stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 70.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 97,090 shares of the industrial products company’s stock after buying an additional 40,294 shares during the quarter. KBC Group NV’s holdings in Emerson Electric were worth $12,886,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the stock. Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric in the second quarter worth about $29,000. Steph & Co. purchased a new position in shares of Emerson Electric in the fourth quarter worth about $33,000. Wealth Watch Advisors INC purchased a new position in shares of Emerson Electric in the third quarter worth about $33,000. Financial Consulate Inc. purchased a new position in shares of Emerson Electric in the third quarter worth about $41,000. Finally, Ameriflex Group Inc. increased its stake in shares of Emerson Electric by 96.4% in the third quarter. Ameriflex Group Inc. now owns 326 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.
Emerson Electric Stock Up 4.2%
Shares of Emerson Electric stock opened at $146.31 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.62 and a debt-to-equity ratio of 0.37. The company’s fifty day simple moving average is $140.74 and its two-hundred day simple moving average is $138.23. The company has a market cap of $82.22 billion, a P/E ratio of 35.77, a PEG ratio of 2.24 and a beta of 1.28. Emerson Electric Co. has a 12-month low of $95.31 and a 12-month high of $165.15.
Emerson Electric Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Friday, February 13th were given a $0.555 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.5%. Emerson Electric’s dividend payout ratio is currently 54.28%.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the stock. Citigroup boosted their price objective 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. Wolfe Research dropped their target price on shares of Emerson Electric from $176.00 to $169.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. Morgan Stanley lifted their target price on shares of Emerson Electric from $115.00 to $125.00 and gave the company an “underweight” rating in a research report on Friday, January 9th. Loop Capital increased their target price on shares of Emerson Electric from $155.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Finally, Stephens lifted their target price on shares of Emerson Electric from $145.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Monday, February 9th. Twelve 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 company’s stock. Based on data from MarketBeat, Emerson Electric currently has an average rating of “Hold” and a consensus target price of $162.38.
Get Our Latest Stock Analysis on Emerson Electric
Insider Buying and Selling
In other Emerson Electric news, VP Nicholas J. Piazza sold 6,703 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $159.07, for a total transaction of $1,066,246.21. Following the transaction, the vice president owned 31,664 shares in the company, valued at approximately $5,036,792.48. This represents a 17.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Matthew S. Levatich sold 1,476 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $162.16, for a total transaction of $239,348.16. Following the transaction, the director owned 24,349 shares in the company, valued at $3,948,433.84. This represents a 5.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 13,879 shares of company stock worth $2,116,818 in the last quarter. 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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