Modera Wealth Management LLC lowered its position in Emerson Electric Co. (NYSE:EMR – Free Report) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 200,806 shares of the industrial products company’s stock after selling 3,770 shares during the quarter. Modera Wealth Management LLC’s holdings in Emerson Electric were worth $26,651,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Winthrop Advisory Group LLC raised its position in Emerson Electric by 1.9% in the fourth quarter. Winthrop Advisory Group LLC now owns 4,491 shares of the industrial products company’s stock valued at $596,000 after purchasing an additional 84 shares during the period. Forbes J M & Co. LLP raised its position in Emerson Electric by 692.5% in the fourth quarter. Forbes J M & Co. LLP now owns 95,811 shares of the industrial products company’s stock valued at $12,716,000 after purchasing an additional 83,721 shares during the period. Talbot Financial LLC raised its position in Emerson Electric by 0.4% in the fourth quarter. Talbot Financial LLC now owns 105,256 shares of the industrial products company’s stock valued at $13,970,000 after purchasing an additional 420 shares during the period. SJS Investment Consulting Inc. raised its position in Emerson Electric by 3.2% in the fourth quarter. SJS Investment Consulting Inc. now owns 3,682 shares of the industrial products company’s stock valued at $489,000 after purchasing an additional 113 shares during the period. Finally, Apella Capital LLC raised its position in Emerson Electric by 24.6% in the fourth quarter. Apella Capital LLC now owns 13,340 shares of the industrial products company’s stock valued at $1,770,000 after purchasing an additional 2,638 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.
Emerson Electric Stock Up 0.7%
Shares of Emerson Electric stock opened at $132.66 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The firm has a market cap of $74.56 billion, a P/E ratio of 32.44, a P/E/G ratio of 2.10 and a beta of 1.28. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $165.15. The business has a 50-day moving average price of $142.33 and a 200 day moving average price of $137.60.
Emerson Electric Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Friday, February 13th were issued a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, February 13th. Emerson Electric’s payout ratio is currently 54.28%.
Insider Activity at Emerson Electric
In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 5,700 shares of Emerson Electric stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $142.32, for a total value of $811,224.00. Following the completion of the transaction, the chief executive officer directly owned 281,393 shares in the company, valued at $40,047,851.76. The trade was a 1.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Matthew S. Levatich sold 1,476 shares of Emerson Electric stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $162.16, for a total value of $239,348.16. Following the completion of the transaction, the director owned 24,349 shares of the company’s stock, valued at approximately $3,948,433.84. The trade was a 5.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 13,879 shares of company stock valued at $2,116,818 over the last three months. 0.23% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several research analysts have commented on EMR shares. Jefferies Financial Group initiated coverage on Emerson Electric in a research report on Tuesday, March 31st. They issued a “buy” rating and a $175.00 price objective on the stock. Royal Bank Of Canada lifted their target price on Emerson Electric from $153.00 to $176.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Loop Capital lifted their target price on Emerson Electric from $155.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. UBS Group raised Emerson Electric from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $131.00 to $168.00 in a research report on Monday, January 5th. Finally, Barclays dropped their target price on Emerson Electric from $145.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 1st. Twelve analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $163.43.
Read Our Latest Research Report on Emerson Electric
Emerson Electric Company 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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