Modera Wealth Management LLC trimmed its position in Emerson Electric Co. (NYSE:EMR – Free Report) by 2.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 196,327 shares of the industrial products company’s stock after selling 4,479 shares during the period. Modera Wealth Management LLC’s holdings in Emerson Electric were worth $25,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Basso Capital Management L.P. acquired a new position in shares of Emerson Electric in the fourth quarter valued at about $25,000. IFC & Insurance Marketing Inc. purchased a new stake in Emerson Electric in the fourth quarter valued at approximately $27,000. Motiv8 Investments LLC purchased a new stake in Emerson Electric in the fourth quarter valued at approximately $27,000. Ares Financial Consulting LLC acquired a new position in Emerson Electric in the 4th quarter worth approximately $29,000. Finally, Darwin Wealth Management LLC purchased a new position in Emerson Electric during the 2nd quarter worth approximately $29,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.
Emerson Electric Stock Performance
Shares of NYSE EMR opened at $139.39 on Friday. The company has a market capitalization of $78.07 billion, a PE ratio of 32.19, a price-to-earnings-growth ratio of 2.22 and a beta of 1.25. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.64 and a current ratio of 0.87. The company’s fifty day moving average price is $140.35 and its 200 day moving average price is $141.81. Emerson Electric Co. has a 1 year low of $122.64 and a 1 year high of $165.15.
Emerson Electric Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors 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 1.6%. Emerson Electric’s dividend payout ratio is presently 51.27%.
Analyst Upgrades and Downgrades
Several research firms have recently commented on EMR. Sanford C. Bernstein assumed coverage on shares of Emerson Electric in a report on Wednesday, June 10th. They issued an “outperform” rating and a $175.00 price objective on the stock. JPMorgan Chase & Co. upgraded shares of Emerson Electric from a “neutral” rating to an “overweight” rating and set a $157.00 target price for the company in a research report on Friday. DA Davidson started coverage on shares of Emerson Electric in a report on Tuesday, June 16th. They issued a “neutral” rating and a $145.00 price target on the stock. Jefferies Financial Group assumed coverage on Emerson Electric in a research report on Tuesday, March 31st. They set a “buy” rating and a $175.00 price target on the stock. Finally, Wolfe Research decreased 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. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $162.64.
Read Our Latest Stock Analysis on Emerson Electric
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.
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