Truepoint Inc. reduced its position in Emerson Electric Co. (NYSE:EMR – Free Report) by 25.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,063 shares of the industrial products company’s stock after selling 7,348 shares during the quarter. Truepoint Inc.’s holdings in Emerson Electric were worth $2,796,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ares Financial Consulting LLC purchased a new position in shares of Emerson Electric in the 4th quarter worth about $29,000. Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric in the 2nd quarter worth about $29,000. Steph & Co. purchased a new position in shares of Emerson Electric in the 4th quarter worth about $33,000. Wealth Watch Advisors INC purchased a new position in shares of Emerson Electric in the 3rd quarter worth about $33,000. Finally, Strategic Wealth Advisors LLC purchased a new position in shares of Emerson Electric in the 4th quarter worth about $41,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.
Emerson Electric Trading Down 3.7%
Shares of EMR stock opened at $137.16 on Thursday. The stock has a market capitalization of $76.82 billion, a PE ratio of 31.68, a P/E/G ratio of 2.27 and a beta of 1.25. Emerson Electric Co. has a 1-year low of $122.64 and a 1-year high of $165.15. The business has a 50-day moving average of $139.29 and a 200 day moving average of $140.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.87 and a quick ratio of 0.64.
Emerson Electric Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were issued a $0.555 dividend. The ex-dividend date was Friday, May 15th. This represents a $2.22 annualized dividend and a yield of 1.6%. Emerson Electric’s dividend payout ratio (DPR) is 51.27%.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Emerson Electric in a report on Monday, May 4th. Wells Fargo & Company increased their target price on Emerson Electric from $135.00 to $155.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Royal Bank Of Canada increased their target price on Emerson Electric from $161.00 to $169.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Barclays increased their target price on Emerson Electric from $140.00 to $144.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Finally, Jefferies Financial Group started coverage on Emerson Electric in a report on Tuesday, March 31st. They set a “buy” rating and a $175.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.77.
View Our Latest Stock Report 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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