Kiley Juergens Wealth Management LLC purchased a new stake in Emerson Electric Co. (NYSE:EMR – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,895 shares of the industrial products company’s stock, valued at approximately $510,000.
Other institutional investors have also recently modified their holdings of the company. Basso Capital Management L.P. purchased a new position in Emerson Electric in the fourth quarter worth $25,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of Emerson Electric during the 4th quarter worth $27,000. Motiv8 Investments LLC acquired a new position in shares of Emerson Electric during the 4th quarter worth $27,000. Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric in the 2nd quarter valued at about $29,000. Finally, Ares Financial Consulting LLC acquired a new stake in shares of Emerson Electric in the fourth quarter valued at about $29,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.
Emerson Electric Trading Down 2.6%
Shares of Emerson Electric stock opened at $137.88 on Wednesday. Emerson Electric Co. has a fifty-two week low of $122.64 and a fifty-two week high of $165.15. The business’s fifty day moving average is $140.88 and its two-hundred day moving average is $141.71. The company has a quick ratio of 0.64, a current ratio of 0.87 and a debt-to-equity ratio of 0.37. The firm has a market cap of $77.23 billion, a PE ratio of 31.84, a P/E/G ratio of 2.26 and a beta of 1.25.
Emerson Electric Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were issued a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, May 15th. Emerson Electric’s dividend payout ratio is presently 51.27%.
Analyst Ratings Changes
EMR has been the topic of several recent analyst reports. DA Davidson initiated coverage on shares of Emerson Electric in a research report on Tuesday, June 16th. They set a “neutral” rating and a $145.00 target price on the stock. Royal Bank Of Canada boosted their price target on Emerson Electric from $161.00 to $169.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Barclays upped their price target on Emerson Electric from $140.00 to $144.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Wolfe Research reduced their price objective on Emerson Electric from $176.00 to $169.00 and set an “outperform” rating for the company in a report on Wednesday, April 8th. Finally, BMO Capital Markets boosted their target price on Emerson Electric from $150.00 to $157.00 in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $163.32.
Get Our Latest Analysis 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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