Huntington National Bank boosted its position in Emerson Electric Co. (NYSE:EMR – Free Report) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 921,709 shares of the industrial products company’s stock after buying an additional 11,347 shares during the quarter. Huntington National Bank’s holdings in Emerson Electric were worth $122,329,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Kingsview Wealth Management LLC raised its position in Emerson Electric by 5.4% in the 4th quarter. Kingsview Wealth Management LLC now owns 83,650 shares of the industrial products company’s stock valued at $11,102,000 after buying an additional 4,310 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc raised its position in Emerson Electric by 127.0% in the 4th quarter. Texas Capital Bank Wealth Management Services Inc now owns 11,283 shares of the industrial products company’s stock valued at $1,497,000 after buying an additional 6,312 shares during the last quarter. Geode Capital Management LLC raised its position in Emerson Electric by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 12,328,324 shares of the industrial products company’s stock valued at $1,628,638,000 after buying an additional 76,488 shares during the last quarter. Fidelis Capital Partners LLC raised its position in Emerson Electric by 7.2% in the 4th quarter. Fidelis Capital Partners LLC now owns 17,678 shares of the industrial products company’s stock valued at $2,346,000 after buying an additional 1,186 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC raised its position in Emerson Electric by 3.5% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 12,663 shares of the industrial products company’s stock valued at $1,681,000 after buying an additional 423 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.
Emerson Electric Trading Down 0.9%
Shares of Emerson Electric stock opened at $139.68 on Thursday. Emerson Electric Co. has a 12-month low of $117.16 and a 12-month high of $165.15. The stock has a market cap of $78.24 billion, a P/E ratio of 32.26, a P/E/G ratio of 2.25 and a beta of 1.26. The company has a quick ratio of 0.64, a current ratio of 0.87 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $136.81 and its 200-day moving average is $139.46.
Emerson Electric Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be issued a dividend of $0.555 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric’s payout ratio is presently 51.27%.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on EMR shares. HSBC lifted their target price on Emerson Electric from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Rothschild & Co Redburn upped their price objective on Emerson Electric from $154.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Royal Bank Of Canada upped their price objective on Emerson Electric from $161.00 to $169.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Evercore upped their price objective on Emerson Electric from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Finally, Citigroup upped their price objective on Emerson Electric from $165.00 to $174.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Twelve equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Emerson Electric presently has an average rating of “Hold” and a consensus price target of $163.24.
Insider Buying and Selling at Emerson Electric
In related news, CEO Surendralal Lanca Karsanbhai sold 5,700 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 281,393 shares of the company’s stock, valued at approximately $40,047,851.76. The trade was a 1.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.23% of the company’s stock.
Emerson Electric Company 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.
Read More
- Five stocks we like better than Emerson Electric
- Abercrombie Rallies as Strong Q1 Earnings Extend Winning Streak
- TeraWulf Bets on Power Infrastructure to Lead AI Build-Out
- Amazon’s Alexa for Shopping Strengthens an Already Strong Bull Case
- Keysight: The AI and Defense Stock Seeing Big Price Target Boosts
Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR – Free Report).
Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.
