MSH Capital Advisors LLC acquired a new position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) during the second quarter, HoldingsChannel reports. The firm acquired 8,338 shares of the industrial products company’s stock, valued at approximately $1,194,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC increased its holdings in Emerson Electric by 74.1% during the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock worth $1,412,000 after buying an additional 4,850 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Emerson Electric in the first quarter valued at $232,000. Caxton Associates LLP bought a new position in shares of Emerson Electric in the 1st quarter valued at about $275,000. Sivia Capital Partners LLC acquired a new position in shares of Emerson Electric during the 2nd quarter worth about $203,000. Finally, Jump Financial LLC raised its holdings in shares of Emerson Electric by 121.5% in the 2nd quarter. Jump Financial LLC now owns 10,543 shares of the industrial products company’s stock valued at $1,406,000 after purchasing an additional 5,783 shares during the period. 74.30% of the stock is owned by institutional investors.
Emerson Electric Stock Performance
EMR opened at $157.60 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.90 and a quick ratio of 0.66. The business has a fifty day simple moving average of $147.50 and a 200 day simple moving average of $143.31. Emerson Electric Co. has a 1 year low of $122.64 and a 1 year high of $166.35. The company has a market capitalization of $88.27 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24.
Emerson Electric Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 14th will be paid a $0.555 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.22 annualized dividend and a yield of 1.4%. Emerson Electric’s payout ratio is 48.58%.
Insiders Place Their Bets
In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $161.91, for a total value of $1,562,431.50. Following the completion of the sale, the chief executive officer owned 271,743 shares of the company’s stock, valued at $43,997,909.13. The trade was a 3.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.23% of the stock is owned by company insiders.
Analysts Set New Price Targets
EMR has been the subject of several recent analyst reports. HSBC raised their target price on shares of Emerson Electric from $170.00 to $180.00 in a research note on Thursday, August 6th. BNP Paribas Exane upped their price objective on Emerson Electric from $180.00 to $185.00 in a research note on Thursday, August 6th. Barclays raised their price objective on Emerson Electric from $140.00 to $144.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Wall Street Zen raised Emerson Electric from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Wells Fargo & Company increased their price target on Emerson Electric from $135.00 to $155.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Thirteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $166.96.
Read Our Latest Stock Report on Emerson Electric
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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