GHP Investment Advisors Inc. increased its holdings in Emerson Electric Co. (NYSE:EMR – Free Report) by 4.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 98,994 shares of the industrial products company’s stock after acquiring an additional 3,864 shares during the period. GHP Investment Advisors Inc.’s holdings in Emerson Electric were worth $12,986,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of EMR. Impact Capital Partners LLC raised its holdings in Emerson Electric by 3.9% in the 2nd quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company’s stock valued at $255,000 after buying an additional 71 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in shares of Emerson Electric by 1.7% during the second quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,338 shares of the industrial products company’s stock valued at $578,000 after acquiring an additional 71 shares during the last quarter. Jag Capital Management LLC raised its stake in shares of Emerson Electric by 1.9% in the 2nd quarter. Jag Capital Management LLC now owns 3,954 shares of the industrial products company’s stock valued at $527,000 after acquiring an additional 72 shares during the period. Beacon Financial Advisory LLC boosted its position in shares of Emerson Electric by 2.9% during the 2nd quarter. Beacon Financial Advisory LLC now owns 2,769 shares of the industrial products company’s stock worth $369,000 after purchasing an additional 77 shares during the period. Finally, Revolve Wealth Partners LLC increased its holdings in Emerson Electric by 3.5% in the 3rd quarter. Revolve Wealth Partners LLC now owns 2,308 shares of the industrial products company’s stock valued at $303,000 after purchasing an additional 79 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.
Emerson Electric Stock Performance
Shares of EMR stock opened at $147.71 on Friday. The company has a market cap of $83.05 billion, a P/E ratio of 36.56, a PEG ratio of 2.43 and a beta of 1.26. The firm has a fifty day moving average price of $137.30 and a 200 day moving average price of $135.64. The company has a current ratio of 0.88, a quick ratio of 0.65 and a debt-to-equity ratio of 0.41. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $151.74.
Emerson Electric declared that its board has approved a stock repurchase program on Wednesday, November 5th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the industrial products company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
Emerson Electric Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were given a $0.555 dividend. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 14th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.5%. Emerson Electric’s payout ratio is 54.95%.
Insider Buying and Selling
In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $133.00, for a total value of $965,979.00. Following the completion of the transaction, the chief executive officer owned 196,292 shares in the company, valued at $26,106,836. This represents a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.23% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on EMR. JPMorgan Chase & Co. increased their target price on Emerson Electric from $150.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. TD Cowen cut shares of Emerson Electric from a “buy” rating to a “hold” rating and set a $150.00 price target on the stock. in a research report on Friday, January 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday. Deutsche Bank Aktiengesellschaft increased their target price on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Finally, Jefferies Financial Group boosted their price target on shares of Emerson Electric from $145.00 to $150.00 and gave the stock a “hold” rating in a research note on Thursday, January 15th. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.76.
Check Out Our Latest Report on EMR
Emerson Electric Company 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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