TABR Capital Management LLC bought a new stake in Emerson Electric Co. (NYSE:EMR – Free Report) in the fourth quarter, Holdings Channel reports. The institutional investor bought 23,002 shares of the industrial products company’s stock, valued at approximately $3,053,000.
Other large investors have also bought and sold shares of the company. Norges Bank acquired a new stake in Emerson Electric during the 2nd quarter valued at $918,830,000. Schroder Investment Management Group grew its holdings in shares of Emerson Electric by 51.6% during the second quarter. Schroder Investment Management Group now owns 6,346,398 shares of the industrial products company’s stock worth $846,165,000 after purchasing an additional 2,159,126 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Emerson Electric by 185.7% in the third quarter. Ameriprise Financial Inc. now owns 3,192,982 shares of the industrial products company’s stock valued at $418,730,000 after buying an additional 2,075,425 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Emerson Electric by 43.0% in the second quarter. Fisher Asset Management LLC now owns 5,193,448 shares of the industrial products company’s stock valued at $692,442,000 after buying an additional 1,561,600 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Emerson Electric by 29.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,260,097 shares of the industrial products company’s stock worth $690,020,000 after buying an additional 1,187,974 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.
Emerson Electric Stock Down 1.4%
Shares of NYSE:EMR opened at $128.12 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.62. The stock has a market cap of $72.00 billion, a price-to-earnings ratio of 31.32, a P/E/G ratio of 2.04 and a beta of 1.24. The company has a 50 day moving average of $146.41 and a 200-day moving average of $137.88. Emerson Electric Co. has a one year low of $90.06 and a one year high of $165.15.
Emerson Electric Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Friday, February 13th were paid a dividend of $0.555 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.7%. Emerson Electric’s payout ratio is 54.28%.
Analyst Ratings Changes
A number of equities research analysts have commented on EMR shares. Evercore increased their price objective on shares of Emerson Electric from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Barclays upped their target price on shares of Emerson Electric from $135.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. Royal Bank Of Canada raised their price target on shares of Emerson Electric from $153.00 to $176.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Stephens boosted their price objective on shares of Emerson Electric from $145.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Monday, February 9th. Finally, UBS Group upgraded Emerson Electric from a “neutral” rating to a “buy” rating and increased their price objective for the company from $131.00 to $168.00 in a research report on Monday, January 5th. Eleven 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.com, the company has an average rating of “Hold” and an average target price of $164.85.
View Our Latest Stock Report on EMR
Insider Activity at Emerson Electric
In other news, Director Matthew S. Levatich sold 1,476 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $162.16, for a total transaction of $239,348.16. Following the completion of the transaction, the director directly owned 24,349 shares in the company, valued at approximately $3,948,433.84. The trade was a 5.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Nicholas J. Piazza sold 6,703 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $159.07, for a total transaction of $1,066,246.21. Following the completion of the sale, the vice president owned 31,664 shares in the company, valued at $5,036,792.48. This represents a 17.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 13,879 shares of company stock worth $2,116,818. 0.23% of the stock is owned by insiders.
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.
Featured Stories
Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR – Free Report).
Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.
