Gilpin Wealth Management LLC bought a new position in Emerson Electric Co. (NYSE:EMR – Free Report) in the 4th quarter, HoldingsChannel reports. The fund bought 5,305 shares of the industrial products company’s stock, valued at approximately $704,000.
Several other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in Emerson Electric by 74.1% during the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after purchasing an additional 4,850 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Emerson Electric during the 1st quarter valued at approximately $232,000. Caxton Associates LLP acquired a new position in Emerson Electric during the 1st quarter valued at approximately $275,000. Sivia Capital Partners LLC acquired a new position in Emerson Electric during the 2nd quarter valued at approximately $203,000. Finally, Jump Financial LLC boosted its position in Emerson Electric by 121.5% during the 2nd quarter. Jump Financial LLC now owns 10,543 shares of the industrial products company’s stock valued at $1,406,000 after purchasing an additional 5,783 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.
Emerson Electric Stock Down 3.7%
EMR opened at $137.16 on Thursday. Emerson Electric Co. has a one year low of $122.64 and a one year high of $165.15. 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 stock’s fifty day moving average is $139.29 and its 200-day moving average is $140.35. The company has a market capitalization of $76.82 billion, a PE ratio of 31.68, a P/E/G ratio of 2.27 and a beta of 1.25.
Emerson Electric Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, May 15th. Emerson Electric’s payout ratio is currently 51.27%.
Analysts Set New Price Targets
EMR has been the subject of a number of analyst reports. Royal Bank Of Canada boosted their price objective on Emerson Electric from $161.00 to $169.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Loop Capital boosted their price objective on Emerson Electric from $155.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Wells Fargo & Company boosted their price objective on Emerson Electric from $135.00 to $155.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Sanford C. Bernstein initiated coverage on Emerson Electric in a research report on Wednesday. They set an “outperform” rating and a $175.00 price objective for the company. Finally, BMO Capital Markets boosted their price objective on Emerson Electric from $150.00 to $157.00 in a research report on Friday, May 8th. Thirteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $163.77.
Read Our Latest Research Report on EMR
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
- Everpure: AI Storage Uncertainty Overshadows Breakneck Growth
- This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
- Intel Is the Market’s Most Mispriced AI Hedge
- The Biggest Opportunity From SpaceX’s IPO May Surprise You
Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR – Free Report).
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.
