Russell Investments Group Ltd. raised its position in Emerson Electric Co. (NYSE:EMR – Free Report) by 5.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 231,341 shares of the industrial products company’s stock after acquiring an additional 12,633 shares during the period. Russell Investments Group Ltd.’s holdings in Emerson Electric were worth $30,343,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of Emerson Electric by 74.1% in the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after buying an additional 4,850 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Emerson Electric during the first quarter worth $232,000. Caxton Associates LLP acquired a new stake in Emerson Electric in the first quarter valued at $275,000. Sivia Capital Partners LLC bought a new position in shares of Emerson Electric in the 2nd quarter valued at about $203,000. Finally, Ignite Planners LLC acquired a new position in shares of Emerson Electric during the 2nd quarter worth about $237,000. 74.30% of the stock is owned by institutional investors.
Emerson Electric Price Performance
NYSE:EMR opened at $132.08 on Friday. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $165.15. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.62 and a current ratio of 0.84. The firm’s 50-day simple moving average is $147.79 and its 200 day simple moving average is $137.86. The firm has a market cap of $74.23 billion, a price-to-earnings ratio of 32.29, a P/E/G ratio of 2.22 and a beta of 1.24.
Emerson Electric Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Friday, February 13th were paid a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, February 13th. Emerson Electric’s dividend payout ratio (DPR) is 54.28%.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on EMR shares. Royal Bank Of Canada raised their target price on shares of Emerson Electric from $153.00 to $176.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Loop Capital upped their price objective on Emerson Electric from $155.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Wolfe Research cut their price objective on Emerson Electric from $177.00 to $176.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. TD Cowen downgraded Emerson Electric from a “buy” rating to a “hold” rating and set a $150.00 target price for the company. in a research note on Friday, January 9th. Finally, Weiss Ratings cut Emerson Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 4th. Eleven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Hold” and an average target price of $164.85.
Check Out Our Latest Stock Analysis on Emerson Electric
Insider Buying and Selling at Emerson Electric
In other news, CEO Surendralal Lanca Karsanbhai sold 5,700 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $142.32, for a total transaction of $811,224.00. Following the completion of the sale, the chief executive officer directly owned 281,393 shares in the company, valued at approximately $40,047,851.76. This represents a 1.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Matthew S. Levatich sold 1,476 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was 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. The trade was a 5.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 13,879 shares of company stock valued at $2,116,818 in the last three months. Corporate insiders own 0.23% of the company’s stock.
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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