Kingsview Wealth Management LLC purchased a new position in Emerson Electric Co. (NYSE:EMR – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,957 shares of the industrial products company’s stock, valued at approximately $3,859,000.
A number of other large investors have also recently modified their holdings of EMR. Basso Capital Management L.P. purchased a new stake in shares of Emerson Electric during the 4th quarter valued at $25,000. IFC & Insurance Marketing Inc. purchased a new position in shares of Emerson Electric during the 4th quarter valued at about $27,000. Motiv8 Investments LLC bought a new stake in Emerson Electric in the 4th quarter worth approximately $27,000. Allied Private Wealth LLC purchased a new stake in Emerson Electric in the second quarter worth approximately $27,000. Finally, Darwin Wealth Management LLC purchased a new stake in Emerson Electric in the second quarter worth approximately $29,000. Institutional investors own 74.30% of the company’s stock.
Emerson Electric Stock Down 1.5%
Shares of NYSE EMR opened at $155.37 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.90 and a debt-to-equity ratio of 0.37. Emerson Electric Co. has a 52 week low of $122.64 and a 52 week high of $166.35. The firm’s fifty day moving average is $148.79 and its 200 day moving average is $143.58. The company has a market cap of $87.02 billion, a price-to-earnings ratio of 34.00, a PEG ratio of 2.35 and a beta of 1.24.
Emerson Electric Dividend Announcement
The company also recently announced 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 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, August 14th. Emerson Electric’s dividend payout ratio is currently 48.58%.
Insider Activity
In related news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total value of $1,562,431.50. Following the sale, the chief executive officer directly owned 271,743 shares of the company’s stock, valued at $43,997,909.13. This trade represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several research firms have commented on EMR. Stephens lifted their price target on shares of Emerson Electric from $155.00 to $160.00 in a research note on Thursday, August 6th. Royal Bank Of Canada increased their target price on shares of Emerson Electric from $169.00 to $179.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. HSBC lifted their target price on shares of Emerson Electric from $170.00 to $180.00 in a research report on Thursday, August 6th. Barclays upped their price target on shares of Emerson Electric from $140.00 to $144.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Morgan Stanley lifted their price objective on Emerson Electric from $125.00 to $135.00 and gave the stock an “underweight” rating in a report on Friday. Thirteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.83.
Get Our Latest Stock Analysis 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 Stories
- Five stocks we like better than Emerson Electric
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
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.
