Royal Fund Management LLC boosted its position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 12.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,191 shares of the industrial products company’s stock after purchasing an additional 4,690 shares during the period. Royal Fund Management LLC’s holdings in Emerson Electric were worth $5,533,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Forbes J M & Co. LLP lifted its position in shares of Emerson Electric by 692.5% in the fourth quarter. Forbes J M & Co. LLP now owns 95,811 shares of the industrial products company’s stock worth $12,716,000 after buying an additional 83,721 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Emerson Electric by 14.8% in the 4th quarter. Fisher Asset Management LLC now owns 7,191,118 shares of the industrial products company’s stock valued at $954,405,000 after acquiring an additional 928,548 shares in the last quarter. Truist Financial Corp boosted its position in Emerson Electric by 4.6% during the fourth quarter. Truist Financial Corp now owns 1,185,160 shares of the industrial products company’s stock worth $157,294,000 after purchasing an additional 52,440 shares during the period. Legal & General Group Plc grew its holdings in Emerson Electric by 2.1% during the fourth quarter. Legal & General Group Plc now owns 4,114,470 shares of the industrial products company’s stock valued at $546,072,000 after purchasing an additional 84,064 shares during the last quarter. Finally, Axxcess Wealth Management LLC raised its position in shares of Emerson Electric by 86.9% in the fourth quarter. Axxcess Wealth Management LLC now owns 81,093 shares of the industrial products company’s stock valued at $10,763,000 after purchasing an additional 37,702 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.
Emerson Electric Stock Performance
NYSE:EMR opened at $145.81 on Thursday. Emerson Electric Co. has a 1 year low of $122.64 and a 1 year high of $165.15. The stock has a market capitalization of $81.67 billion, a P/E ratio of 33.68, a price-to-earnings-growth ratio of 2.43 and a beta of 1.25. 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 firm has a 50 day moving average of $141.83 and a 200-day moving average of $142.17.
Emerson Electric Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid 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 dividend yield of 1.5%. Emerson Electric’s dividend payout ratio is 51.27%.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports 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 on the stock in a research note on Friday, July 17th. Barclays upped their price target on Emerson Electric from $140.00 to $144.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. DA Davidson initiated coverage on shares of Emerson Electric in a research note on Tuesday, June 16th. They issued a “neutral” rating and a $145.00 price objective on the stock. Sanford C. Bernstein cut their target price on shares of Emerson Electric from $175.00 to $169.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Finally, Wolfe Research reduced their target price on shares of Emerson Electric from $176.00 to $169.00 and set an “outperform” rating for the company in a research note on Wednesday, April 8th. Thirteen investment 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. Based on data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average price target of $162.36.
Get Our Latest Stock Report on EMR
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.
Featured Articles
- Five stocks we like better than Emerson Electric
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.
