Marble Wealth LLC acquired 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 13F filing with the Securities and Exchange Commission. The fund acquired 8,491 shares of the industrial products company’s stock, valued at approximately $1,127,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Dover Advisors LLC boosted its position in Emerson Electric by 0.7% during the 4th quarter. Dover Advisors LLC now owns 12,102 shares of the industrial products company’s stock valued at $1,606,000 after purchasing an additional 81 shares during the period. Bank of New York Mellon Corp boosted its position in Emerson Electric by 17.8% during the 4th quarter. Bank of New York Mellon Corp now owns 6,198,148 shares of the industrial products company’s stock valued at $822,618,000 after purchasing an additional 938,051 shares during the period. Palatine Hill Wealth Management LLC acquired a new position in Emerson Electric during the 4th quarter valued at approximately $215,000. Westpac Banking Corp boosted its position in Emerson Electric by 181.1% during the 4th quarter. Westpac Banking Corp now owns 45,308 shares of the industrial products company’s stock valued at $6,013,000 after purchasing an additional 29,192 shares during the period. Finally, Kesler Norman & Wride LLC boosted its position in Emerson Electric by 1.2% during the 4th quarter. Kesler Norman & Wride LLC now owns 42,814 shares of the industrial products company’s stock valued at $5,682,000 after purchasing an additional 512 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.
Emerson Electric Trading Up 0.2%
Shares of EMR stock opened at $141.94 on Wednesday. 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 Co. has a 1 year low of $118.48 and a 1 year high of $165.15. The stock has a fifty day moving average of $137.51 and a two-hundred day moving average of $139.73. The firm has a market capitalization of $79.50 billion, a PE ratio of 32.78, a price-to-earnings-growth ratio of 2.26 and a beta of 1.25.
Emerson Electric Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be issued a $0.555 dividend. The ex-dividend date is Friday, May 15th. This represents a $2.22 annualized dividend and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio is 51.27%.
Analyst Ratings Changes
A number of research firms recently issued reports on EMR. KeyCorp boosted their price objective on Emerson Electric from $155.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Emerson Electric in a research report on Monday, May 4th. Barclays boosted their price target on Emerson Electric from $140.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft lowered Emerson Electric from a “buy” rating to a “hold” rating and set a $170.00 price target for the company. in a research report on Thursday, February 5th. Finally, Loop Capital boosted their price target on Emerson Electric from $155.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Twelve research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $163.24.
Get Our Latest Stock Report on Emerson Electric
Insider Buying and Selling at Emerson Electric
In other news, CEO Surendralal Lanca Karsanbhai sold 5,700 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $142.32, for a total value of $811,224.00. Following the completion of the sale, the chief executive officer owned 281,393 shares in the company, valued at $40,047,851.76. This represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.23% of the stock is currently owned by company 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.
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