Matrix Private Capital Group LLC acquired a new stake in Emerson Electric Co. (NYSE:EMR – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,595 shares of the industrial products company’s stock, valued at approximately $602,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Waverly Advisors LLC boosted its position in shares of Emerson Electric by 0.3% in the first quarter. Waverly Advisors LLC now owns 29,815 shares of the industrial products company’s stock valued at $3,906,000 after acquiring an additional 79 shares during the period. Cumberland Partners Ltd raised its stake in Emerson Electric by 12.2% in the 1st quarter. Cumberland Partners Ltd now owns 10,550 shares of the industrial products company’s stock worth $1,382,000 after purchasing an additional 1,150 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Emerson Electric by 17.6% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 741,499 shares of the industrial products company’s stock valued at $97,151,000 after purchasing an additional 110,890 shares during the period. Bollard Group LLC grew its position in shares of Emerson Electric by 0.6% during the 1st quarter. Bollard Group LLC now owns 181,815 shares of the industrial products company’s stock worth $23,821,000 after purchasing an additional 1,053 shares in the last quarter. Finally, Hilltop Holdings Inc. increased its holdings in shares of Emerson Electric by 6.4% during the first quarter. Hilltop Holdings Inc. now owns 14,764 shares of the industrial products company’s stock worth $1,934,000 after purchasing an additional 883 shares during the period. 74.30% of the stock is currently owned by institutional investors.
Emerson Electric Price Performance
EMR stock opened at $147.94 on Friday. The stock has a market cap of $82.86 billion, a price-to-earnings ratio of 34.17, a P/E/G ratio of 2.36 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. The company has a 50 day simple moving average of $140.81 and a 200 day simple moving average of $142.07. Emerson Electric Co. has a 1 year low of $122.64 and a 1 year high of $165.15.
Emerson Electric Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, May 15th. Emerson Electric’s dividend payout ratio is currently 51.27%.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Emerson Electric in a research note on Monday, May 4th. Royal Bank Of Canada raised their price objective on Emerson Electric from $161.00 to $169.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Jefferies Financial Group started coverage on Emerson Electric in a report on Tuesday, March 31st. They issued a “buy” rating and a $175.00 price objective for the company. BMO Capital Markets increased their target price on Emerson Electric from $150.00 to $157.00 in a report on Friday, May 8th. Finally, Sanford C. Bernstein decreased their price target on Emerson Electric from $175.00 to $169.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Thirteen 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.36.
Check Out Our Latest Stock Report on Emerson Electric
Emerson Electric Company 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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