Kingsview Wealth Management LLC boosted its position in Emerson Electric Co. (NYSE:EMR – Free Report) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,650 shares of the industrial products company’s stock after purchasing an additional 4,310 shares during the period. Kingsview Wealth Management LLC’s holdings in Emerson Electric were worth $11,102,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in EMR. Brighton Jones LLC lifted its position in Emerson Electric by 74.1% in the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after purchasing an additional 4,850 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Emerson Electric in the first quarter valued at about $232,000. Caxton Associates LLP acquired a new stake in Emerson Electric in the first quarter valued at about $275,000. Sivia Capital Partners LLC acquired a new stake in Emerson Electric in the second quarter valued at about $203,000. Finally, Jump Financial LLC lifted its position in Emerson Electric by 121.5% in the second quarter. Jump Financial LLC now owns 10,543 shares of the industrial products company’s stock valued at $1,406,000 after purchasing an additional 5,783 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.
Emerson Electric Price Performance
EMR stock opened at $139.68 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.64 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $136.81 and a 200-day moving average of $139.46. Emerson Electric Co. has a 12-month low of $117.16 and a 12-month high of $165.15. The company has a market cap of $78.24 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 2.25 and a beta of 1.26.
Emerson Electric Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, May 15th. Emerson Electric’s dividend payout ratio (DPR) is 51.27%.
Insider Buying and Selling at Emerson Electric
In other news, CEO Surendralal Lanca Karsanbhai sold 5,700 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $142.32, for a total transaction of $811,224.00. Following the completion of the transaction, the chief executive officer directly owned 281,393 shares of the company’s stock, valued at $40,047,851.76. This trade represents a 1.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.23% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Emerson Electric in a research report on Monday, May 4th. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a research report on Tuesday, March 31st. They set a “buy” rating and a $175.00 price target for the company. Barclays lifted 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. Royal Bank Of Canada lifted their price target on shares of Emerson Electric from $161.00 to $169.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Finally, BMO Capital Markets lifted their price target on shares of Emerson Electric from $150.00 to $157.00 in a research report on Friday, May 8th. Twelve research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Emerson Electric currently has a consensus rating of “Hold” and an average target price of $163.24.
View Our Latest Research Report on EMR
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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