Swiss National Bank cut its holdings in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 4.9% during the fourth quarter, Holdings Channel reports. The firm owned 1,542,200 shares of the industrial products company’s stock after selling 79,200 shares during the quarter. Swiss National Bank’s holdings in Emerson Electric were worth $204,681,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Rooted Wealth Advisors Inc. lifted its holdings in shares of 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 valued at $291,000 after buying an additional 64 shares during the period. Institute for Wealth Management LLC. lifted its holdings in shares of Emerson Electric by 1.6% during 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 purchasing an additional 71 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Emerson Electric by 2.4% during 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 purchasing an additional 72 shares during the last quarter. Cornell Pochily Investment Advisors Inc. lifted its holdings in shares of 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 during the last quarter. Finally, Zhang Financial LLC lifted its holdings in shares of Emerson Electric by 2.7% during the fourth quarter. Zhang Financial LLC now owns 2,892 shares of the industrial products company’s stock valued at $384,000 after purchasing an additional 76 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.
Emerson Electric Stock Up 3.7%
NYSE:EMR opened at $142.14 on Friday. The firm has a market capitalization of $79.61 billion, a price-to-earnings ratio of 32.83, a PEG ratio of 2.19 and a beta of 1.25. Emerson Electric Co. has a 1-year low of $122.64 and a 1-year high of $165.15. The company has a current ratio of 0.87, a quick ratio of 0.64 and a debt-to-equity ratio of 0.37. The business’s fifty day moving average price is $139.52 and its 200 day moving average price is $140.45.
Emerson Electric Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were given a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, May 15th. Emerson Electric’s payout ratio is presently 51.27%.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the company. Daiwa Securities Group reduced their target price on Emerson Electric from $177.00 to $156.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Emerson Electric in a report on Monday, May 4th. Loop Capital upped their target price on Emerson Electric from $155.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Royal Bank Of Canada upped their target price on Emerson Electric from $161.00 to $169.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Finally, Jefferies Financial Group assumed coverage on Emerson Electric in a report on Tuesday, March 31st. They set a “buy” rating and a $175.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $163.77.
Get Our Latest 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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