TD Private Client Wealth LLC reduced its position in Emerson Electric Co. (NYSE:EMR – Free Report) by 18.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,155 shares of the industrial products company’s stock after selling 7,908 shares during the period. TD Private Client Wealth LLC’s holdings in Emerson Electric were worth $4,533,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Emerson Electric by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 54,909,180 shares of the industrial products company’s stock worth $7,287,546,000 after purchasing an additional 578,242 shares during the last quarter. Schroder Investment Management Group increased its position in Emerson Electric by 13.5% in the 3rd quarter. Schroder Investment Management Group now owns 7,205,569 shares of the industrial products company’s stock worth $945,227,000 after purchasing an additional 859,171 shares during the last quarter. Fisher Asset Management LLC increased its position in Emerson Electric by 20.6% in the 3rd quarter. Fisher Asset Management LLC now owns 6,262,570 shares of the industrial products company’s stock worth $821,524,000 after purchasing an additional 1,069,122 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Emerson Electric by 29.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,260,097 shares of the industrial products company’s stock worth $690,020,000 after acquiring an additional 1,187,974 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Emerson Electric by 11.9% during the 3rd quarter. Legal & General Group Plc now owns 4,030,406 shares of the industrial products company’s stock worth $528,709,000 after acquiring an additional 429,888 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.
Emerson Electric Price Performance
Shares of NYSE:EMR opened at $132.10 on Tuesday. The business has a 50 day moving average price of $136.91 and a 200 day moving average price of $139.48. Emerson Electric Co. has a twelve month low of $114.83 and a twelve month high of $165.15. The company has a market cap of $73.99 billion, a price-to-earnings ratio of 30.51, a PEG ratio of 2.12 and a beta of 1.26. The company has a quick ratio of 0.64, a current ratio of 0.87 and a debt-to-equity ratio of 0.37.
Emerson Electric Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be paid a dividend of $0.555 per share. The ex-dividend date is Friday, May 15th. This represents a $2.22 annualized dividend and a yield of 1.7%. Emerson Electric’s dividend payout ratio is presently 51.27%.
Insiders Place Their Bets
In related news, CEO Surendralal Lanca Karsanbhai sold 5,700 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $142.32, for a total transaction of $811,224.00. Following the completion of the sale, the chief executive officer owned 281,393 shares in the company, valued at $40,047,851.76. This represents a 1.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on EMR. Deutsche Bank Aktiengesellschaft downgraded Emerson Electric from a “buy” rating to a “hold” rating and set a $170.00 price target for the company. in a research note on Thursday, February 5th. Evercore upped their price target on Emerson Electric from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Rothschild & Co Redburn upped their price target on Emerson Electric from $154.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. KeyCorp upped their price target on Emerson Electric from $155.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Emerson Electric in a research note on Tuesday, January 27th. Twelve research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $163.24.
Read Our Latest Stock 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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