Dickmeyer Boyce Financial Management Inc. acquired a new position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 4,807 shares of the industrial products company’s stock, valued at approximately $630,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Emerson Electric in the 4th quarter valued at about $1,050,040,000. Bank of New York Mellon Corp lifted its stake in Emerson Electric by 17.8% during the fourth quarter. Bank of New York Mellon Corp now owns 6,198,148 shares of the industrial products company’s stock worth $822,618,000 after purchasing an additional 938,051 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Emerson Electric by 14.8% in the fourth quarter. Fisher Asset Management LLC now owns 7,191,118 shares of the industrial products company’s stock valued at $954,405,000 after purchasing an additional 928,548 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its stake in Emerson Electric by 97.6% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,707,873 shares of the industrial products company’s stock valued at $227,783,000 after purchasing an additional 843,526 shares during the last quarter. Finally, Boston Partners raised its holdings in Emerson Electric by 34.0% during the third quarter. Boston Partners now owns 2,860,894 shares of the industrial products company’s stock worth $375,547,000 after purchasing an additional 726,477 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.
Emerson Electric Stock Performance
Shares of Emerson Electric stock opened at $144.76 on Friday. The firm’s fifty day simple moving average is $140.51 and its 200-day simple moving average is $142.03. Emerson Electric Co. has a 12 month low of $122.64 and a 12 month high of $165.15. The stock has a market capitalization of $81.08 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 2.23 and a beta of 1.25. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.87 and a quick ratio of 0.64.
Emerson Electric Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were issued a dividend of $0.555 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.5%. Emerson Electric’s dividend payout ratio (DPR) is currently 51.27%.
Analyst Ratings Changes
Several research analysts have recently issued reports on EMR shares. Barclays upped their target price on shares of Emerson Electric from $140.00 to $144.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Daiwa Securities Group reduced their price target on shares of Emerson Electric from $177.00 to $156.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Royal Bank Of Canada upped their price objective on shares of Emerson Electric from $161.00 to $169.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. BMO Capital Markets raised their price objective on Emerson Electric from $150.00 to $157.00 in a report on Friday, May 8th. Finally, Jefferies Financial Group began coverage on Emerson Electric in a report on Tuesday, March 31st. They issued a “buy” rating and a $175.00 target price for the company. Thirteen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $162.36.
Check Out Our Latest Stock Report on EMR
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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