Alps Advisors Inc. Has $33,244,000 Position in Emerson Electric Co. (EMR)
Alps Advisors Inc. boosted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 20.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 609,862 shares of the company’s stock after buying an additional 103,385 shares during the period. Alps Advisors Inc. owned about 0.09% of Emerson Electric worth $33,244,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the stock. M&R Capital Management Inc. purchased a new position in shares of Emerson Electric during the second quarter valued at about $103,000. Financial Architects Inc increased its position in shares of Emerson Electric by 15.9% in the third quarter. Financial Architects Inc now owns 1,964 shares of the company’s stock valued at $108,000 after buying an additional 270 shares during the period. Arcadia Investment Management Corp MI increased its position in shares of Emerson Electric by 11.4% in the second quarter. Arcadia Investment Management Corp MI now owns 2,281 shares of the company’s stock valued at $119,000 after buying an additional 234 shares during the period. Americafirst Capital Management LLC purchased a new position in shares of Emerson Electric during the second quarter valued at about $128,000. Finally, Integrated Investment Consultants LLC increased its position in shares of Emerson Electric by 99.5% in the second quarter. Integrated Investment Consultants LLC now owns 2,530 shares of the company’s stock valued at $132,000 after buying an additional 1,262 shares during the period. 70.17% of the stock is owned by institutional investors.
Shares of Emerson Electric Co. (NYSE:EMR) traded down 1.14% during midday trading on Monday, hitting $54.61. The company had a trading volume of 1,551,738 shares. The firm has a market capitalization of $35.10 billion, a P/E ratio of 21.67 and a beta of 1.14. Emerson Electric Co. has a 12-month low of $41.25 and a 12-month high of $56.82. The firm’s 50-day moving average is $51.93 and its 200-day moving average is $52.78.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Friday, November 11th will be paid a $0.48 dividend. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, November 8th. This represents a $1.92 annualized dividend and a yield of 3.48%. Emerson Electric’s dividend payout ratio is presently 76.19%.
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A number of equities research analysts recently weighed in on the stock. Barclays PLC cut their price objective on shares of Emerson Electric from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 3rd. Vetr upgraded shares of Emerson Electric from a “strong sell” rating to a “sell” rating and set a $47.31 price objective on the stock in a research note on Monday, October 10th. JPMorgan Chase & Co. assumed coverage on shares of Emerson Electric in a research note on Monday, August 8th. They set a “neutral” rating and a $47.00 price objective on the stock. HSBC assumed coverage on shares of Emerson Electric in a research note on Friday, October 7th. They set a “reduce” rating on the stock. Finally, Deutsche Bank AG cut their price objective on shares of Emerson Electric from $55.00 to $50.00 and set a “hold” rating on the stock in a research note on Monday, August 8th. Seven equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the stock. Emerson Electric presently has a consensus rating of “Hold” and a consensus price target of $51.75.
About Emerson Electric
Emerson Electric Co is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.
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