Perigon Wealth Management LLC acquired a new position in Emerson Electric Co. (NYSE:EMR – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,813 shares of the industrial products company’s stock, valued at approximately $3,266,000.
Other large investors have also recently bought and sold shares of the company. Basso Capital Management L.P. bought a new stake in shares of Emerson Electric during the 4th quarter worth about $25,000. Allied Private Wealth LLC bought a new stake in Emerson Electric during the second quarter worth approximately $27,000. IFC & Insurance Marketing Inc. acquired a new stake in Emerson Electric in the fourth quarter worth approximately $27,000. Motiv8 Investments LLC acquired a new position in shares of Emerson Electric during the 4th quarter valued at $27,000. Finally, Ares Financial Consulting LLC bought a new stake in shares of Emerson Electric in the 4th quarter worth $29,000. Institutional investors and hedge funds own 74.30% of the company’s stock.
Emerson Electric Price Performance
EMR stock opened at $162.06 on Tuesday. The firm has a 50-day moving average of $146.78 and a two-hundred day moving average of $143.19. The firm has a market capitalization of $90.77 billion, a PE ratio of 35.46, a P/E/G ratio of 2.43 and a beta of 1.24. The company has a current ratio of 0.90, a quick ratio of 0.66 and a debt-to-equity ratio of 0.37. Emerson Electric Co. has a one year low of $122.64 and a one year high of $166.35.
Emerson Electric Announces Dividend
The firm also recently declared 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. The ex-dividend date is Friday, August 14th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.4%. Emerson Electric’s payout ratio is currently 48.58%.
Analyst Ratings Changes
A number of research firms recently issued reports on EMR. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Emerson Electric in a report on Friday, July 31st. Royal Bank Of Canada lifted their price objective on shares of Emerson Electric from $169.00 to $179.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. BNP Paribas Exane increased their target price on shares of Emerson Electric from $180.00 to $185.00 in a research note on Thursday, August 6th. HSBC raised their target price on shares of Emerson Electric from $170.00 to $180.00 in a report on Thursday, August 6th. Finally, BMO Capital Markets increased their price objective on Emerson Electric from $157.00 to $175.00 in a research report on Thursday, August 6th. Thirteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.96.
Read Our Latest Stock Analysis on Emerson Electric
Insiders Place Their Bets
In other Emerson Electric 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 transaction of $1,562,431.50. Following the completion of the sale, the chief executive officer directly owned 271,743 shares in the company, valued at approximately $43,997,909.13. This trade represents a 3.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.23% of the company’s stock.
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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