QRG Capital Management Inc. grew its position in Emerson Electric Co. (NYSE:EMR – Free Report) by 7.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 101,536 shares of the industrial products company’s stock after purchasing an additional 7,099 shares during the period. QRG Capital Management Inc.’s holdings in Emerson Electric were worth $13,303,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in EMR. Basso Capital Management L.P. acquired a new stake in Emerson Electric during the 4th quarter worth $25,000. IFC & Insurance Marketing Inc. acquired a new position in Emerson Electric in the fourth quarter valued at about $27,000. Motiv8 Investments LLC acquired a new position in Emerson Electric in the fourth quarter valued at about $27,000. Ares Financial Consulting LLC bought a new stake in shares of Emerson Electric in the fourth quarter worth about $29,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric during the second quarter worth about $29,000. Institutional investors and hedge funds own 74.30% of the company’s stock.
Emerson Electric Price Performance
NYSE EMR opened at $139.06 on Friday. The firm’s 50 day moving average is $140.97 and its 200-day moving average is $141.59. The company has a quick ratio of 0.64, a current ratio of 0.87 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $77.89 billion, a PE ratio of 32.12, a price-to-earnings-growth ratio of 2.22 and a beta of 1.25. Emerson Electric Co. has a 12-month low of $122.64 and a 12-month high of $165.15.
Emerson Electric Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were issued a $0.555 dividend. The ex-dividend date was Friday, May 15th. This represents a $2.22 annualized dividend and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio (DPR) is presently 51.27%.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the company. Barclays boosted their price objective on Emerson Electric from $140.00 to $144.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Wolfe Research dropped their target price on shares of Emerson Electric from $176.00 to $169.00 and set an “outperform” rating on the stock in a report on Wednesday, April 8th. Royal Bank Of Canada upped their price target on shares of Emerson Electric from $161.00 to $169.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a research report on Tuesday, March 31st. They set a “buy” rating and a $175.00 price objective for the company. Finally, Wells Fargo & Company raised their price objective on shares of Emerson Electric from $135.00 to $155.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $163.32.
Read Our Latest Research 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.
Featured Stories
- Five stocks we like better than Emerson Electric
- These Stocks Could Win as Wall Street Looks Beyond AI Software
- D.R. Horton Is Defying the Housing Gloom
- Why Flywire and Airbnb Could Be Quiet Winners of a Ceasefire
- Broadcom and OpenAI Unveil Jalapeño: An Early Step to Massive AI Growth Potential
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.
