Principle Wealth Partners LLC bought a new stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 38,925 shares of the industrial products company’s stock, valued at approximately $5,572,000.
Other hedge funds also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Emerson Electric in the second quarter valued at about $201,099,000. OneDigital Investment Advisors LLC acquired a new stake in Emerson Electric during the second quarter worth about $1,997,000. Plato Investment Management Ltd acquired a new position in shares of Emerson Electric in the 2nd quarter valued at approximately $2,010,000. Bell Investment Advisors Inc bought a new stake in shares of Emerson Electric during the 2nd quarter worth approximately $197,000. Finally, AMG National Trust Bank acquired a new stake in shares of Emerson Electric during the 2nd quarter worth approximately $1,443,000. Institutional investors own 74.30% of the company’s stock.
Emerson Electric Stock Down 0.7%
Shares of NYSE:EMR opened at $162.06 on Tuesday. Emerson Electric Co. has a 52-week low of $122.64 and a 52-week high of $166.35. The company has a market capitalization of $90.77 billion, a PE ratio of 35.46, a price-to-earnings-growth ratio of 2.43 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. The company has a fifty day moving average of $146.78 and a 200-day moving average of $143.19.
Emerson Electric Announces Dividend
The company 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 dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, August 14th. Emerson Electric’s payout ratio is 48.58%.
Insider Activity
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 completion of the transaction, the chief executive officer owned 271,743 shares in the company, valued at $43,997,909.13. This trade represents a 3.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is owned by corporate insiders.
Analyst Ratings Changes
EMR has been the subject of several research analyst reports. Sanford C. Bernstein boosted their price objective on shares of Emerson Electric from $169.00 to $186.00 and gave the company an “outperform” rating in a research report on Friday. BNP Paribas Exane lifted their price target on Emerson Electric from $180.00 to $185.00 in a research note on Thursday, August 6th. Royal Bank Of Canada boosted their price target on Emerson Electric from $169.00 to $179.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. KeyCorp reduced their price objective on Emerson Electric from $185.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Finally, Stephens lifted their target price on Emerson Electric from $155.00 to $160.00 in a research report on Thursday, August 6th. Thirteen equities research 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.com, Emerson Electric has an average rating of “Moderate Buy” and a consensus target price of $166.96.
Get Our Latest Stock Report on EMR
Emerson Electric 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.
Featured Articles
- Five stocks we like better than Emerson Electric
- Commodities Are Booming, But These 3 ETFs Tell Different Stories
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
- Birkenstock Beats the Skeptics—But Not on EPS
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.
