Dimensional Fund Advisors LP lifted its holdings in Emerson Electric Co. (NYSE:EMR – Free Report) by 11.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,666,882 shares of the industrial products company’s stock after purchasing an additional 373,778 shares during the period. Dimensional Fund Advisors LP’s holdings in Emerson Electric were worth $480,949,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the business. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric in the second quarter valued at approximately $29,000. Winnow Wealth LLC purchased a new stake in Emerson Electric in the 2nd quarter worth $34,000. Traub Capital Management LLC acquired a new position in Emerson Electric during the second quarter worth $37,000. Twin Peaks Wealth Advisors LLC purchased a new position in Emerson Electric during the second quarter valued at $39,000. Finally, Financial Consulate Inc. acquired a new stake in shares of Emerson Electric in the third quarter valued at about $41,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.
Emerson Electric Stock Performance
Shares of Emerson Electric stock opened at $145.31 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.62 and a current ratio of 0.84. The business’s 50 day moving average price is $147.27 and its 200 day moving average price is $137.59. The company has a market cap of $81.66 billion, a price-to-earnings ratio of 35.53, a PEG ratio of 2.33 and a beta of 1.24. Emerson Electric Co. has a one year low of $90.06 and a one year high of $165.15.
Emerson Electric Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Friday, February 13th will be paid a $0.555 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $2.22 annualized dividend and a dividend yield of 1.5%. Emerson Electric’s dividend payout ratio is 54.28%.
Emerson Electric declared that its Board of Directors has authorized a share repurchase plan on Wednesday, November 5th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. Morgan Stanley raised their price target on shares of Emerson Electric from $115.00 to $125.00 and gave the company an “underweight” rating in a research note on Friday, January 9th. UBS Group upgraded Emerson Electric from a “neutral” rating to a “buy” rating and raised their target price for the company from $131.00 to $168.00 in a research report on Monday, January 5th. KeyCorp lifted their price target on Emerson Electric from $155.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Jefferies Financial Group increased their price objective on Emerson Electric from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Thursday, February 5th. Finally, Stephens lifted their target price on shares of Emerson Electric from $145.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Monday, February 9th. Eleven analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $164.85.
Check Out Our Latest Stock Report on Emerson Electric
Insider Activity at Emerson Electric
In other news, Director Matthew S. Levatich sold 1,476 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $162.16, for a total transaction of $239,348.16. Following the completion of the transaction, the director directly owned 24,349 shares in the company, valued at approximately $3,948,433.84. This represents a 5.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Nicholas J. Piazza sold 6,703 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $159.07, for a total transaction of $1,066,246.21. Following the completion of the sale, the vice president directly owned 31,664 shares in the company, valued at $5,036,792.48. This trade represents a 17.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.23% of the stock is currently owned by insiders.
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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