North Dallas Bank & Trust Co. purchased a new position in Emerson Electric Co. (NYSE:EMR – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,540 shares of the industrial products company’s stock, valued at approximately $470,000.
Other institutional investors have also recently modified their holdings of the company. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric in the second quarter worth $29,000. Ares Financial Consulting LLC purchased a new stake in shares of Emerson Electric in the fourth quarter worth $29,000. Steph & Co. purchased a new stake in shares of Emerson Electric in the fourth quarter worth $33,000. Wealth Watch Advisors INC purchased a new stake in shares of Emerson Electric in the third quarter worth $33,000. Finally, Strategic Wealth Advisors LLC purchased a new stake in shares of Emerson Electric in the fourth quarter worth $41,000. 74.30% of the stock is owned by hedge funds and other institutional investors.
Emerson Electric Stock Up 2.4%
EMR stock opened at $142.35 on Wednesday. Emerson Electric Co. has a fifty-two week low of $122.64 and a fifty-two week high of $165.15. The business’s 50-day moving average is $139.02 and its two-hundred day moving average is $140.26. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.64 and a current ratio of 0.87. The company has a market cap of $79.73 billion, a price-to-earnings ratio of 32.88, a P/E/G ratio of 2.22 and a beta of 1.25.
Emerson Electric Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be issued a $0.555 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.22 dividend on an annualized basis and a yield of 1.6%. Emerson Electric’s dividend payout ratio is currently 51.27%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the company. Loop Capital increased 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. Jefferies Financial Group assumed coverage on Emerson Electric in a report on Tuesday, March 31st. They set a “buy” rating and a $175.00 price target on the stock. Wolfe Research lowered their price target on Emerson Electric from $176.00 to $169.00 and set an “outperform” rating on the stock in a report on Wednesday, April 8th. Wells Fargo & Company upped their price target on Emerson Electric from $135.00 to $155.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Finally, Barclays upped their price target on Emerson Electric from $140.00 to $144.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Twelve research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Emerson Electric has an average rating of “Hold” and a consensus price target of $163.24.
Get Our Latest Stock Report on Emerson Electric
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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