Midwest Trust Co cut its stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 2.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 209,731 shares of the industrial products company’s stock after selling 5,644 shares during the period. Midwest Trust Co’s holdings in Emerson Electric were worth $27,513,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of EMR. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric in the second quarter worth about $29,000. Winnow Wealth LLC purchased a new stake in shares of Emerson Electric in the 2nd quarter valued at approximately $34,000. Traub Capital Management LLC acquired a new position in Emerson Electric in the 2nd quarter worth approximately $37,000. Princeton Global Asset Management LLC purchased a new position in Emerson Electric during the 2nd quarter worth approximately $38,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Emerson Electric during the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 74.30% of the company’s stock.
Emerson Electric Price Performance
NYSE EMR opened at $160.25 on Tuesday. The company has a 50 day moving average price of $142.26 and a two-hundred day moving average price of $136.30. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $161.02. The stock has a market capitalization of $90.06 billion, a PE ratio of 39.18, a price-to-earnings-growth ratio of 2.50 and a beta of 1.26. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 0.37.
Emerson Electric Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Friday, February 13th will be issued a dividend of $0.555 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.4%. Emerson Electric’s dividend payout ratio is currently 54.28%.
Emerson Electric announced that its board has initiated a stock buyback program on Wednesday, November 5th that permits the company to buyback $0.00 in shares. This buyback authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
Wall Street Analyst Weigh In
EMR has been the topic of a number of research analyst reports. Citigroup lifted their price target on Emerson Electric from $165.00 to $174.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Wolfe Research lifted their target price on Emerson Electric from $172.00 to $177.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Stephens increased their price target on shares of Emerson Electric from $145.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Monday. Wells Fargo & Company raised their price target on shares of Emerson Electric from $145.00 to $160.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 4th. Finally, TD Cowen lowered shares of Emerson Electric from a “buy” rating to a “hold” rating and set a $150.00 price objective on the stock. in a research note on Friday, January 9th. Ten research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Emerson Electric presently has a consensus rating of “Hold” and a consensus price target of $164.11.
Read Our Latest Stock Report on Emerson Electric
Insider Buying and Selling at Emerson Electric
In related news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $133.00, for a total value of $965,979.00. Following the completion of the sale, the chief executive officer directly owned 196,292 shares in the company, valued at approximately $26,106,836. The trade was a 3.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.23% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than Emerson Electric
- The buying spree that no one is talking about
- How to collect $500-$800 weekly (BlackRock’s system)
- Trump’s AI Secret: 100X Faster Than Nvidia
- NEW LAW: Congress Approves Setup For Digital Dollar?
- They just tried to kill gold
Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR – Free Report).
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.
