CSM Advisors LLC raised its holdings in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 12.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 90,724 shares of the industrial products company’s stock after buying an additional 10,306 shares during the period. CSM Advisors LLC’s holdings in Emerson Electric were worth $11,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC bought a new position in shares of Emerson Electric in the second quarter valued at about $29,000. Wealth Watch Advisors INC bought a new stake in shares of Emerson Electric during the 3rd quarter worth about $33,000. Winnow Wealth LLC acquired a new position in Emerson Electric in the 2nd quarter valued at about $34,000. Traub Capital Management LLC bought a new position in Emerson Electric in the 2nd quarter valued at about $37,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Emerson Electric during the second quarter worth approximately $39,000. 74.30% of the stock is owned by institutional investors.
Emerson Electric Stock Performance
Shares of Emerson Electric stock opened at $132.26 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 company has a market cap of $74.33 billion, a PE ratio of 32.34, a price-to-earnings-growth ratio of 2.10 and a beta of 1.24. The company has a 50 day moving average of $147.72 and a 200-day moving average of $137.89. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $165.15.
Emerson Electric Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Friday, February 13th were issued a dividend of $0.555 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $2.22 annualized dividend and a dividend yield of 1.7%. Emerson Electric’s payout ratio is 54.28%.
Analyst Upgrades and Downgrades
Several research firms have recently commented on EMR. TD Cowen downgraded Emerson Electric from a “buy” rating to a “hold” rating and set a $150.00 target price on the stock. in a research report on Friday, January 9th. JPMorgan Chase & Co. boosted their price target on Emerson Electric from $150.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. HSBC upped their price objective on Emerson Electric from $165.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Loop Capital lifted their target price on Emerson Electric from $155.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Finally, Morgan Stanley boosted their target price on shares of Emerson Electric from $115.00 to $125.00 and gave the company an “underweight” rating in a research report on Friday, January 9th. Eleven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Emerson Electric currently has a consensus rating of “Hold” and a consensus price target of $164.85.
Insider Buying and Selling
In related news, Director Matthew S. Levatich sold 1,476 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $3,948,433.84. This represents a 5.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Nicholas J. Piazza sold 6,703 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $159.07, for a total transaction of $1,066,246.21. Following the completion of the sale, the vice president owned 31,664 shares in the company, valued at $5,036,792.48. This represents a 17.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 13,879 shares of company stock worth $2,116,818 in the last three months. 0.23% of the stock is owned by corporate insiders.
About Emerson Electric
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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