Munich Reinsurance Co Stock Corp in Munich acquired a new stake in Emerson Electric Co. (NYSE:EMR – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 482,001 shares of the industrial products company’s stock, valued at approximately $63,229,000. Emerson Electric comprises approximately 1.6% of Munich Reinsurance Co Stock Corp in Munich’s holdings, making the stock its 21st largest position.
A number of other hedge funds and other institutional investors have also modified their holdings of EMR. Darwin Wealth Management LLC purchased a new position in Emerson Electric in the second quarter valued at about $29,000. Winnow Wealth LLC acquired a new position in shares of Emerson Electric in the 2nd quarter valued at approximately $34,000. Traub Capital Management LLC purchased a new position in shares of Emerson Electric during the 2nd quarter valued at approximately $37,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Emerson Electric during the 2nd quarter valued at approximately $39,000. Finally, Financial Consulate Inc. acquired a new stake in shares of Emerson Electric during the third quarter worth approximately $41,000. 74.30% of the stock is owned by hedge funds and other institutional investors.
Emerson Electric Stock Performance
EMR opened at $138.54 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.62 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $147.44 and its 200-day moving average is $137.67. The stock has a market cap of $77.86 billion, a PE ratio of 33.87, a price-to-earnings-growth ratio of 2.26 and a beta of 1.24. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $165.15.
Emerson Electric Dividend Announcement
The firm also recently declared 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. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, February 13th. Emerson Electric’s dividend payout ratio (DPR) is 54.28%.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the stock. Citigroup upped their price target on shares of Emerson Electric from $165.00 to $174.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Loop Capital increased their price target on shares of Emerson Electric from $155.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Stephens boosted their price objective on Emerson Electric from $145.00 to $155.00 and gave the company an “equal weight” rating in a report on Monday, February 9th. Morgan Stanley upped their price objective on Emerson Electric from $115.00 to $125.00 and gave the company an “underweight” rating in a research note on Friday, January 9th. Finally, Royal Bank Of Canada lifted their target price on Emerson Electric from $153.00 to $176.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Eleven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $164.85.
View Our Latest Stock Analysis on EMR
Insider Activity
In related news, Director Matthew S. Levatich sold 1,476 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $162.16, for a total value of $239,348.16. Following the completion of the transaction, the director owned 24,349 shares in the company, valued at $3,948,433.84. This represents a 5.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Nicholas J. Piazza sold 6,703 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $159.07, for a total transaction of $1,066,246.21. Following the sale, the vice president owned 31,664 shares in the company, valued at $5,036,792.48. This trade represents a 17.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate 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.
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