Manning & Napier Advisors LLC trimmed its position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 15.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,064 shares of the industrial products company’s stock after selling 8,680 shares during the period. Manning & Napier Advisors LLC’s holdings in Emerson Electric were worth $6,638,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Institute for Wealth Management LLC. boosted its position in shares of Emerson Electric by 1.6% during the 4th quarter. Institute for Wealth Management LLC. now owns 4,546 shares of the industrial products company’s stock worth $603,000 after acquiring an additional 71 shares in the last quarter. Cornell Pochily Investment Advisors Inc. raised its position in Emerson Electric by 0.3% during the fourth quarter. Cornell Pochily Investment Advisors Inc. now owns 29,260 shares of the industrial products company’s stock valued at $3,883,000 after purchasing an additional 76 shares in the last quarter. Klingman & Associates LLC lifted its stake in Emerson Electric by 1.4% during the fourth quarter. Klingman & Associates LLC now owns 5,680 shares of the industrial products company’s stock worth $754,000 after purchasing an additional 78 shares during the last quarter. Atlas Legacy Advisors LLC boosted its holdings in shares of Emerson Electric by 2.1% in the 3rd quarter. Atlas Legacy Advisors LLC now owns 3,921 shares of the industrial products company’s stock valued at $514,000 after purchasing an additional 79 shares in the last quarter. Finally, Unison Advisors LLC increased its stake in shares of Emerson Electric by 0.4% in the 3rd quarter. Unison Advisors LLC now owns 21,496 shares of the industrial products company’s stock valued at $2,820,000 after purchasing an additional 80 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.
Emerson Electric Price Performance
Shares of EMR opened at $141.20 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.87 and a debt-to-equity ratio of 0.37. The stock has a market cap of $79.09 billion, a PE ratio of 32.61, a PEG ratio of 2.25 and a beta of 1.26. Emerson Electric Co. has a 12-month low of $112.00 and a 12-month high of $165.15. The business has a 50-day simple moving average of $138.50 and a two-hundred day simple moving average of $139.26.
Emerson Electric Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be given a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, May 15th. Emerson Electric’s dividend payout ratio is 51.27%.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the company. Loop Capital upped their price objective on Emerson Electric from $155.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. BMO Capital Markets lifted their target price on Emerson Electric from $150.00 to $157.00 in a research report on Friday. 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 report on Wednesday. Evercore lifted their price target on shares of Emerson Electric from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Finally, Citigroup upped their price objective on shares of Emerson Electric from $165.00 to $174.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Twelve analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $164.24.
Check Out Our Latest Report on Emerson Electric
Insider Activity
In related news, VP Nicholas J. Piazza sold 6,703 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $159.07, for a total value of $1,066,246.21. Following the completion of the sale, the vice president directly 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. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Matthew S. Levatich sold 1,476 shares of Emerson Electric stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $162.16, for a total value of $239,348.16. Following the transaction, the director directly owned 24,349 shares in the company, valued at $3,948,433.84. The trade was a 5.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 13,879 shares of company stock valued at $2,116,818. Insiders own 0.23% of the company’s stock.
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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