WealthPLAN Partners LLC trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 12.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,287 shares of the industrial products company’s stock after selling 3,877 shares during the period. WealthPLAN Partners LLC’s holdings in Emerson Electric were worth $3,489,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Murphy Middleton Hinkle & Parker Inc. raised its holdings in Emerson Electric by 229.1% during the fourth quarter. Murphy Middleton Hinkle & Parker Inc. now owns 46,467 shares of the industrial products company’s stock worth $6,167,000 after acquiring an additional 32,346 shares in the last quarter. Vanguard Group Inc. grew its stake in Emerson Electric by 0.4% in the third quarter. Vanguard Group Inc. now owns 54,330,938 shares of the industrial products company’s stock valued at $7,127,132,000 after purchasing an additional 201,040 shares in the last quarter. Wedbush Securities Inc. increased its position in shares of Emerson Electric by 88.4% during the 3rd quarter. Wedbush Securities Inc. now owns 19,197 shares of the industrial products company’s stock worth $2,518,000 after purchasing an additional 9,009 shares during the last quarter. Caprock Group LLC bought a new stake in shares of Emerson Electric during the 3rd quarter worth approximately $3,359,000. Finally, ABC Arbitrage SA bought a new stake in shares of Emerson Electric during the 3rd quarter worth approximately $1,185,000. 74.30% of the stock is owned by institutional investors and hedge funds.
Emerson Electric Price Performance
Shares of EMR opened at $142.14 on Friday. The company’s 50-day moving average is $139.52 and its 200-day moving average is $140.45. 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 firm has a market capitalization of $79.61 billion, a PE ratio of 32.83, a PEG ratio of 2.19 and a beta of 1.25. Emerson Electric Co. has a fifty-two week low of $122.64 and a fifty-two week high of $165.15.
Emerson Electric Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders 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 dividend yield of 1.6%. Emerson Electric’s dividend payout ratio (DPR) is 51.27%.
Analyst Ratings Changes
EMR has been the subject of a number of recent analyst reports. Daiwa Securities Group cut their price target on shares of Emerson Electric from $177.00 to $156.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. Jefferies Financial Group started coverage on shares of Emerson Electric in a report on Tuesday, March 31st. They issued a “buy” rating and a $175.00 target price on the stock. Wells Fargo & Company raised their target price on shares of Emerson Electric from $135.00 to $155.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Loop Capital boosted their price target on Emerson Electric from $155.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Finally, Barclays upped their price objective on Emerson Electric from $140.00 to $144.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.77.
Check Out Our Latest Analysis on EMR
Emerson Electric 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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