Man Group plc bought a new stake in Emerson Electric Co. (NYSE:EMR – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 25,615 shares of the industrial products company’s stock, valued at approximately $3,667,000.
Other hedge funds have also recently bought and sold shares of the company. Basso Capital Management L.P. acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $25,000. Allied Private Wealth LLC acquired a new stake in Emerson Electric in the 2nd quarter valued at about $27,000. IFC & Insurance Marketing Inc. acquired a new position in shares of Emerson Electric during the fourth quarter worth about $27,000. Motiv8 Investments LLC purchased a new position in Emerson Electric in the fourth quarter worth approximately $27,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric in the 2nd quarter valued at $29,000. Institutional investors and hedge funds own 74.30% of the company’s stock.
Emerson Electric Stock Up 0.1%
Shares of Emerson Electric stock opened at $155.37 on Monday. The company has a market cap of $87.02 billion, a P/E ratio of 34.00, a PEG ratio of 2.31 and a beta of 1.24. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.66 and a current ratio of 0.90. Emerson Electric Co. has a one year low of $122.64 and a one year high of $166.35. The firm has a fifty day moving average of $148.79 and a two-hundred day moving average of $143.46.
Emerson Electric Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be issued a $0.555 dividend. This represents a $2.22 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. Emerson Electric’s dividend payout ratio (DPR) is currently 48.58%.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on EMR. Sanford C. Bernstein raised their target price on Emerson Electric from $169.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Wells Fargo & Company boosted their target price on Emerson Electric from $135.00 to $155.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. BMO Capital Markets increased their price objective on Emerson Electric from $157.00 to $175.00 in a report on Thursday, August 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Emerson Electric in a research note on Friday, July 31st. Finally, Barclays raised their price target on Emerson Electric from $140.00 to $144.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Thirteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.83.
Check Out Our Latest Analysis on Emerson Electric
Insider Buying and Selling at Emerson Electric
In related news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total transaction of $1,562,431.50. Following the transaction, the chief executive officer owned 271,743 shares of the company’s stock, valued at $43,997,909.13. This represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.23% of the stock is currently owned by company insiders.
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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