Emerson Electric Co. (EMR) Stake Increased by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC raised its stake in Emerson Electric Co. (NYSE:EMR) by 1.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 292,543 shares of the company’s stock after buying an additional 3,550 shares during the period. Nisa Investment Advisors LLC’s holdings in Emerson Electric were worth $15,946,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in EMR. Raymond James Trust N.A. boosted its position in Emerson Electric by 7.1% in the second quarter. Raymond James Trust N.A. now owns 56,260 shares of the company’s stock valued at $2,934,000 after buying an additional 3,732 shares during the period. Patten & Patten Inc. TN boosted its position in Emerson Electric by 1.2% in the second quarter. Patten & Patten Inc. TN now owns 28,905 shares of the company’s stock valued at $1,508,000 after buying an additional 347 shares during the period. Baxter Bros Inc. bought a new position in Emerson Electric during the second quarter valued at $759,000. Howland Capital Management LLC boosted its position in Emerson Electric by 0.9% in the second quarter. Howland Capital Management LLC now owns 13,616 shares of the company’s stock valued at $710,000 after buying an additional 126 shares during the period. Finally, Pensionfund DSM Netherlands bought a new position in Emerson Electric during the second quarter valued at $4,329,000. 70.17% of the stock is currently owned by institutional investors and hedge funds.
Shares of Emerson Electric Co. (NYSE:EMR) traded up 5.35% during midday trading on Wednesday, reaching $57.31. 3,369,890 shares of the company traded hands. The firm has a market capitalization of $36.84 billion, a PE ratio of 22.74 and a beta of 1.14. The company has a 50-day moving average of $51.98 and a 200 day moving average of $52.79. Emerson Electric Co. has a 12-month low of $41.25 and a 12-month high of $57.35.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Friday, November 11th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.53%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, November 8th. Emerson Electric’s dividend payout ratio (DPR) is currently 76.19%.
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Several analysts have commented on EMR shares. Barclays PLC dropped their target price on shares of Emerson Electric from $55.00 to $53.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 3rd. Vetr upgraded shares of Emerson Electric from a “strong sell” rating to a “sell” rating and set a $47.31 target price for the company in a research report on Monday, October 10th. JPMorgan Chase & Co. started coverage on shares of Emerson Electric in a research report on Monday, August 8th. They set a “neutral” rating and a $47.00 target price for the company. HSBC started coverage on shares of Emerson Electric in a research report on Friday, October 7th. They set a “reduce” rating for the company. Finally, Deutsche Bank AG dropped their target price on shares of Emerson Electric from $55.00 to $50.00 and set a “hold” rating for the company in a research report on Monday, August 8th. Seven investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $51.75.
Emerson Electric Company Profile
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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