UniSuper Management Pty Ltd boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 17.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,769 shares of the industrial products company’s stock after acquiring an additional 7,043 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Emerson Electric were worth $6,266,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of EMR. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric during the 2nd quarter worth about $29,000. Winnow Wealth LLC acquired a new stake in shares of Emerson Electric during the second quarter valued at about $34,000. Traub Capital Management LLC purchased a new stake in shares of Emerson Electric in the 2nd quarter valued at approximately $37,000. Princeton Global Asset Management LLC acquired a new position in shares of Emerson Electric in the 2nd quarter worth approximately $38,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of Emerson Electric during the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 74.30% of the company’s stock.
Emerson Electric Price Performance
Shares of NYSE EMR opened at $147.71 on Monday. The stock’s 50-day moving average is $137.30 and its two-hundred day moving average is $135.59. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.88 and a quick ratio of 0.65. The company has a market cap of $83.05 billion, a price-to-earnings ratio of 36.56, a price-to-earnings-growth ratio of 2.39 and a beta of 1.26. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $151.74.
Emerson Electric Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were paid a dividend of $0.555 per share. The ex-dividend date was Friday, November 14th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.5%. Emerson Electric’s payout ratio is presently 54.95%.
Emerson Electric announced that its board has authorized a stock repurchase program on Wednesday, November 5th that allows the company to buyback $0.00 in shares. This buyback authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
Analysts Set New Price Targets
A number of analysts have issued reports on EMR shares. Royal Bank Of Canada cut their target price on Emerson Electric from $155.00 to $153.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. JPMorgan Chase & Co. boosted their price objective on Emerson Electric from $150.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, January 16th. Jefferies Financial Group raised their target price on Emerson Electric from $145.00 to $150.00 and gave the company a “hold” rating in a report on Thursday, January 15th. Morgan Stanley lifted their target price on Emerson Electric from $115.00 to $125.00 and gave the company an “underweight” rating in a research report on Friday, January 9th. Finally, TD Cowen lowered shares of Emerson Electric from a “buy” rating to a “hold” rating and set a $150.00 price target on the stock. in a research note on Friday, January 9th. Ten investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $154.76.
View Our Latest Analysis on Emerson Electric
Insider Buying and Selling
In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $133.00, for a total value of $965,979.00. Following the sale, the chief executive officer directly owned 196,292 shares in the company, valued at $26,106,836. This trade represents a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.23% of the stock is owned by company insiders.
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.
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