Krilogy Financial LLC increased its position in Emerson Electric Co. (NYSE:EMR – Free Report) by 17.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,774 shares of the industrial products company’s stock after purchasing an additional 6,613 shares during the quarter. Krilogy Financial LLC’s holdings in Emerson Electric were worth $6,145,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Emerson Electric during the fourth quarter valued at $1,050,040,000. Ameriprise Financial Inc. lifted its stake in Emerson Electric by 185.7% in the third quarter. Ameriprise Financial Inc. now owns 3,192,982 shares of the industrial products company’s stock worth $418,730,000 after acquiring an additional 2,075,425 shares during the period. Fisher Asset Management LLC lifted its stake in Emerson Electric by 20.6% in the third quarter. Fisher Asset Management LLC now owns 6,262,570 shares of the industrial products company’s stock worth $821,524,000 after acquiring an additional 1,069,122 shares during the period. Bank of New York Mellon Corp grew its holdings in Emerson Electric by 17.8% during the 4th quarter. Bank of New York Mellon Corp now owns 6,198,148 shares of the industrial products company’s stock worth $822,618,000 after acquiring an additional 938,051 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in Emerson Electric by 13.5% during the 3rd quarter. Schroder Investment Management Group now owns 7,205,569 shares of the industrial products company’s stock valued at $945,227,000 after purchasing an additional 859,171 shares during the period. 74.30% of the stock is owned by institutional investors.
Emerson Electric Stock Down 4.5%
NYSE:EMR opened at $143.52 on Wednesday. The company’s 50-day simple moving average is $141.30 and its 200-day simple moving average is $141.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.64 and a current ratio of 0.87. Emerson Electric Co. has a fifty-two week low of $122.64 and a fifty-two week high of $165.15. The stock has a market capitalization of $80.39 billion, a P/E ratio of 33.15, a P/E/G ratio of 2.40 and a beta of 1.25.
Emerson Electric Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were given a $0.555 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.5%. Emerson Electric’s dividend payout ratio (DPR) is presently 51.27%.
Wall Street Analysts Forecast Growth
EMR has been the subject of several research reports. Royal Bank Of Canada upped their price target on shares of Emerson Electric from $161.00 to $169.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. BMO Capital Markets lifted their price objective on shares of Emerson Electric from $150.00 to $157.00 in a report on Friday, May 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Emerson Electric in a research note on Monday, May 4th. DA Davidson began coverage on Emerson Electric in a report on Tuesday, June 16th. They set a “neutral” rating and a $145.00 target price for the company. Finally, Jefferies Financial Group initiated coverage on Emerson Electric in a report on Tuesday, March 31st. They issued a “buy” rating and a $175.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $162.96.
Read Our Latest Stock Report 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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