Fideuram Asset Management Ireland dac purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 6,305 shares of the industrial products company’s stock, valued at approximately $837,000.
A number of other large investors have also recently modified their holdings of the business. Basepoint Wealth LLC bought a new stake in shares of Emerson Electric during the 4th quarter valued at about $84,000. Northwestern Mutual Wealth Management Co. raised its position in Emerson Electric by 2.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 459,792 shares of the industrial products company’s stock valued at $61,024,000 after purchasing an additional 12,588 shares in the last quarter. Moors & Cabot Inc. raised its position in Emerson Electric by 5.5% during the fourth quarter. Moors & Cabot Inc. now owns 98,174 shares of the industrial products company’s stock valued at $13,030,000 after purchasing an additional 5,107 shares in the last quarter. Intech Investment Management LLC raised its position in Emerson Electric by 183.9% during the fourth quarter. Intech Investment Management LLC now owns 54,325 shares of the industrial products company’s stock valued at $7,210,000 after purchasing an additional 35,189 shares in the last quarter. Finally, Houlihan Financial Resource Group Ltd. purchased a new stake in Emerson Electric during the fourth quarter valued at about $359,000. Institutional investors own 74.30% of the company’s stock.
Emerson Electric Stock Up 1.5%
Shares of NYSE:EMR opened at $143.91 on Friday. The stock’s 50-day moving average price is $137.27 and its 200-day moving average price is $139.58. Emerson Electric Co. has a 12-month low of $117.16 and a 12-month high of $165.15. The stock has a market capitalization of $80.60 billion, a P/E ratio of 33.23, a price-to-earnings-growth ratio of 2.30 and a beta of 1.26. The company has a current ratio of 0.87, a quick ratio of 0.64 and a debt-to-equity ratio of 0.37.
Emerson Electric Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, May 15th. Emerson Electric’s dividend payout ratio (DPR) is 51.27%.
Analysts Set New Price Targets
EMR has been the topic of a number of research reports. Daiwa Securities Group lowered their price target on Emerson Electric from $177.00 to $156.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. Rothschild & Co Redburn upped their target price on Emerson Electric from $154.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Stephens upped their target price on Emerson Electric from $145.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Monday, February 9th. Loop Capital upped their target price on Emerson Electric from $155.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Finally, Wolfe Research cut their target price 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. Twelve 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. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of “Hold” and a consensus price target of $163.24.
Insider Activity
In other news, CEO Surendralal Lanca Karsanbhai sold 5,700 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $142.32, for a total transaction of $811,224.00. Following the transaction, the chief executive officer directly owned 281,393 shares of the company’s stock, valued at approximately $40,047,851.76. This trade represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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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