Silvant Capital Management LLC bought a new stake in Emerson Electric Co. (NYSE:EMR – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,734 shares of the industrial products company’s stock, valued at approximately $2,825,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC grew its stake in Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after acquiring an additional 4,850 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Emerson Electric in the first quarter valued at about $232,000. Caxton Associates LLP acquired a new stake in shares of Emerson Electric in the first quarter valued at approximately $275,000. Sivia Capital Partners LLC purchased a new position in shares of Emerson Electric during the 2nd quarter worth approximately $203,000. Finally, Jump Financial LLC increased its stake in shares of Emerson Electric by 121.5% during the 2nd quarter. Jump Financial LLC now owns 10,543 shares of the industrial products company’s stock worth $1,406,000 after purchasing an additional 5,783 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.
Emerson Electric Trading Down 1.7%
Shares of Emerson Electric stock opened at $154.93 on Friday. Emerson Electric Co. has a fifty-two week low of $122.64 and a fifty-two week high of $166.35. The business’s fifty day moving average is $147.76 and its two-hundred day moving average is $143.36. The company has a quick ratio of 0.66, a current ratio of 0.90 and a debt-to-equity ratio of 0.37. The firm has a market cap of $86.78 billion, a PE ratio of 33.90, a P/E/G ratio of 2.34 and a beta of 1.24.
Emerson Electric Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.555 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.4%. Emerson Electric’s dividend payout ratio is currently 48.58%.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on EMR shares. Daiwa Securities Group reduced their target price on Emerson Electric from $177.00 to $156.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. Wall Street Zen upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Citigroup increased their price objective on Emerson Electric from $174.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Rothschild & Co Redburn boosted their target price on shares of Emerson Electric from $165.00 to $180.00 in a research note on Thursday, August 6th. Finally, Wells Fargo & Company upped their target price 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. Thirteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $166.96.
Get Our Latest Analysis on EMR
Insider Buying and Selling at Emerson Electric
In related news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $161.91, for a total value of $1,562,431.50. Following the sale, the chief executive officer directly owned 271,743 shares of the company’s stock, valued at approximately $43,997,909.13. This trade represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is currently owned by insiders.
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.
See Also
- Five stocks we like better than Emerson Electric
- 3 Energy Stocks Raising Dividends as the Sector Surges
- 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
- Walmart’s Post-Earnings Drop Could Be a Buying Opportunity
- The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.
