Emerson Electric Co. (EMR) Stake Lessened by GAM Holding AG
GAM Holding AG lowered its position in shares of Emerson Electric Co. (NYSE:EMR) by 10.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,729 shares of the industrial products company’s stock after selling 2,478 shares during the quarter. GAM Holding AG’s holdings in Emerson Electric were worth $1,433,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Clarus Wealth Advisors acquired a new stake in shares of Emerson Electric during the second quarter valued at approximately $100,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Emerson Electric during the second quarter valued at approximately $102,000. W.G. Shaheen & Associates DBA Whitney & Co acquired a new stake in shares of Emerson Electric during the first quarter valued at approximately $102,000. Kiley Juergens Wealth Management LLC acquired a new stake in shares of Emerson Electric during the second quarter valued at approximately $105,000. Finally, Kaizen Advisory LLC raised its holdings in shares of Emerson Electric by 151.1% during the second quarter. Kaizen Advisory LLC now owns 1,539 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 926 shares during the period. Institutional investors and hedge funds own 70.37% of the company’s stock.
Emerson Electric stock opened at $76.53 on Wednesday. The company has a market capitalization of $47.56 billion, a price-to-earnings ratio of 24.81, a P/E/G ratio of 2.22 and a beta of 1.13. The company has a current ratio of 1.23, a quick ratio of 0.97 and a debt-to-equity ratio of 0.37. Emerson Electric Co. has a twelve month low of $57.47 and a twelve month high of $77.00.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Shareholders of record on Friday, August 17th will be given a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Thursday, August 16th. Emerson Electric’s dividend payout ratio is 73.48%.
EMR has been the topic of a number of recent analyst reports. Citigroup cut their price target on shares of Emerson Electric from $68.00 to $67.00 and set a “sell” rating on the stock in a report on Wednesday, May 2nd. Stifel Nicolaus boosted their price target on shares of Emerson Electric from $79.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, May 3rd. Zacks Investment Research lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Monday, May 7th. ValuEngine lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, June 20th. Finally, MED upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a research note on Thursday, July 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $76.39.
In other Emerson Electric news, insider Michael H. Train sold 24,166 shares of the business’s stock in a transaction that occurred on Monday, June 18th. The shares were sold at an average price of $71.46, for a total value of $1,726,902.36. Following the completion of the sale, the insider now directly owns 121,626 shares of the company’s stock, valued at $8,691,393.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Steven J. Pelch sold 6,409 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $74.24, for a total transaction of $475,804.16. The disclosure for this sale can be found here. Insiders own 0.84% of the company’s stock.
About Emerson Electric
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.
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