Keebeck Wealth Management cut its position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 18.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,036 shares of the industrial products company’s stock after selling 6,358 shares during the period. Keebeck Wealth Management’s holdings in Emerson Electric were worth $3,673,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Rooted Wealth Advisors Inc. increased its holdings in Emerson Electric by 3.0% in the fourth quarter. Rooted Wealth Advisors Inc. now owns 2,195 shares of the industrial products company’s stock worth $291,000 after buying an additional 64 shares during the last quarter. Institute for Wealth Management LLC. lifted its stake in Emerson Electric by 1.6% in the fourth quarter. Institute for Wealth Management LLC. now owns 4,546 shares of the industrial products company’s stock valued at $603,000 after acquiring an additional 71 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in Emerson Electric by 2.4% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 3,098 shares of the industrial products company’s stock valued at $411,000 after acquiring an additional 72 shares during the last quarter. Cornell Pochily Investment Advisors Inc. grew its position in Emerson Electric by 0.3% in the fourth quarter. Cornell Pochily Investment Advisors Inc. now owns 29,260 shares of the industrial products company’s stock worth $3,883,000 after acquiring an additional 76 shares in the last quarter. Finally, Zhang Financial LLC increased its stake in shares of Emerson Electric by 2.7% during the 4th quarter. Zhang Financial LLC now owns 2,892 shares of the industrial products company’s stock worth $384,000 after purchasing an additional 76 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.
Emerson Electric Stock Up 3.7%
Emerson Electric stock opened at $144.76 on Friday. The firm has a market cap of $81.08 billion, a price-to-earnings ratio of 33.43, a P/E/G ratio of 2.23 and a beta of 1.25. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.87 and a quick ratio of 0.64. 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 fifty day moving average price of $140.51 and a two-hundred day moving average price of $142.03.
Emerson Electric Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were issued a $0.555 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.22 dividend on an annualized basis and a yield of 1.5%. Emerson Electric’s dividend payout ratio (DPR) is 51.27%.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on EMR. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Emerson Electric in a research note on Monday, May 4th. Barclays increased their target price on shares of Emerson Electric from $140.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. upgraded Emerson Electric from a “neutral” rating to an “overweight” rating and set a $157.00 target price on the stock in a report on Friday, July 17th. Jefferies Financial Group initiated coverage on Emerson Electric in a research note on Tuesday, March 31st. They set a “buy” rating and a $175.00 price target for the company. Finally, Royal Bank Of Canada increased their price objective on Emerson Electric from $161.00 to $169.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Thirteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $162.36.
Get Our Latest Report 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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