Caxton Associates LLP boosted its holdings in Emerson Electric Co. (NYSE:EMR – Free Report) by 116.8% in the 1st quarter, HoldingsChannel reports. The fund owned 20,808 shares of the industrial products company’s stock after acquiring an additional 11,209 shares during the quarter. Caxton Associates LLP’s holdings in Emerson Electric were worth $2,726,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of EMR. Basso Capital Management L.P. acquired a new position in shares of Emerson Electric during the 4th quarter worth $25,000. IFC & Insurance Marketing Inc. purchased a new stake in Emerson Electric during the fourth quarter worth about $27,000. Motiv8 Investments LLC acquired a new position in Emerson Electric during the fourth quarter worth about $27,000. Ares Financial Consulting LLC purchased a new position in Emerson Electric in the fourth quarter valued at about $29,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric during the 2nd quarter valued at approximately $29,000. Institutional investors and hedge funds own 74.30% of the company’s stock.
Emerson Electric Price Performance
Shares of NYSE EMR opened at $147.94 on Friday. The business has a 50 day moving average price of $140.81 and a two-hundred day moving average price of $142.07. Emerson Electric Co. has a fifty-two week low of $122.64 and a fifty-two week high of $165.15. The firm has a market cap of $82.86 billion, a PE ratio of 34.17, a price-to-earnings-growth ratio of 2.31 and a beta of 1.25. The company has a quick ratio of 0.64, a current ratio of 0.87 and a debt-to-equity ratio of 0.37.
Emerson Electric Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were paid a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, May 15th. Emerson Electric’s payout ratio is presently 51.27%.
Analyst Upgrades and Downgrades
EMR has been the topic of a number of research reports. JPMorgan Chase & Co. upgraded Emerson Electric from a “neutral” rating to an “overweight” rating and set a $157.00 price target on the stock in a report on Friday, July 17th. Wells Fargo & Company boosted their target price on Emerson Electric from $135.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. KeyCorp lowered their target price on Emerson Electric from $185.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Emerson Electric in a research report on Monday, May 4th. Finally, Jefferies Financial Group began coverage on shares of Emerson Electric in a report on Tuesday, March 31st. They set a “buy” rating and a $175.00 target price for the company. Thirteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $162.36.
View Our Latest Stock Analysis on Emerson Electric
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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