Janney Montgomery Scott LLC raised its position in Emerson Electric Co. (NYSE:EMR – Free Report) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 658,386 shares of the industrial products company’s stock after buying an additional 8,442 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Emerson Electric were worth $87,381,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Deutsche Bank AG lifted its stake in Emerson Electric by 11.0% in the fourth quarter. Deutsche Bank AG now owns 1,610,344 shares of the industrial products company’s stock valued at $213,725,000 after acquiring an additional 159,178 shares during the last quarter. North Dallas Bank & Trust Co. bought a new position in shares of Emerson Electric during the 4th quarter valued at $470,000. Focus Partners Advisor Solutions LLC bought a new stake in Emerson Electric in the fourth quarter worth $941,000. Cerity Partners LLC increased its position in Emerson Electric by 4.0% during the fourth quarter. Cerity Partners LLC now owns 783,721 shares of the industrial products company’s stock worth $104,016,000 after buying an additional 30,163 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of Emerson Electric by 3.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 166,941 shares of the industrial products company’s stock worth $22,156,000 after acquiring an additional 5,867 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.
Emerson Electric Price Performance
NYSE:EMR opened at $137.16 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.87 and a quick ratio of 0.64. The stock has a market cap of $76.82 billion, a P/E ratio of 31.68, a PEG ratio of 2.27 and a beta of 1.25. The company has a fifty day moving average price of $139.29 and a 200 day moving average price of $140.35. Emerson Electric Co. has a one year low of $122.64 and a one year high of $165.15.
Emerson Electric Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were paid a dividend of $0.555 per share. The ex-dividend date was Friday, May 15th. This represents a $2.22 dividend on an annualized basis and a yield of 1.6%. Emerson Electric’s payout ratio is currently 51.27%.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on EMR shares. BMO Capital Markets boosted their target price on Emerson Electric from $150.00 to $157.00 in a report on Friday, May 8th. Wolfe Research decreased their price objective on shares of Emerson Electric from $176.00 to $169.00 and set an “outperform” rating for the company in a report on Wednesday, April 8th. Barclays lifted their target price on shares of Emerson Electric from $140.00 to $144.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a report on Tuesday, March 31st. They set a “buy” rating and a $175.00 price target for the company. Finally, Daiwa Securities Group dropped their price objective on Emerson Electric from $177.00 to $156.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. Thirteen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $163.77.
Check Out Our Latest Analysis on Emerson Electric
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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