RB Capital Management LLC bought a new stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,768 shares of the industrial products company’s stock, valued at approximately $826,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Basso Capital Management L.P. bought a new position in Emerson Electric during the fourth quarter valued at approximately $25,000. Allied Private Wealth LLC bought a new position in shares of Emerson Electric during the 2nd quarter valued at approximately $27,000. IFC & Insurance Marketing Inc. bought a new position in shares of Emerson Electric during the 4th quarter valued at approximately $27,000. Motiv8 Investments LLC purchased a new position in shares of Emerson Electric in the fourth quarter valued at $27,000. Finally, Orion Capital Management LLC bought a new stake in Emerson Electric in the second quarter worth $29,000. Institutional investors own 74.30% of the company’s stock.
Emerson Electric Stock Performance
Shares of NYSE:EMR opened at $155.37 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.66 and a debt-to-equity ratio of 0.37. Emerson Electric Co. has a 12 month low of $122.64 and a 12 month high of $166.35. The company has a market capitalization of $87.02 billion, a price-to-earnings ratio of 34.00, a PEG ratio of 2.35 and a beta of 1.24. The firm’s 50-day moving average is $148.79 and its 200 day moving average is $143.58.
Emerson Electric Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be given a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, August 14th. Emerson Electric’s dividend payout ratio (DPR) is 48.58%.
Analysts Set New Price Targets
A number of equities analysts have commented on EMR shares. BMO Capital Markets lifted their price objective on shares of Emerson Electric from $157.00 to $175.00 in a research note on Thursday, August 6th. Royal Bank Of Canada increased their price target on shares of Emerson Electric from $169.00 to $179.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Citigroup lifted their price target on Emerson Electric from $174.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Daiwa Securities Group decreased their price objective on Emerson Electric from $177.00 to $156.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. Finally, Sanford C. Bernstein raised their price objective on Emerson Electric from $169.00 to $186.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Thirteen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $167.83.
Check Out Our Latest Stock Analysis on Emerson Electric
Insider Activity
In other news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $161.91, for a total transaction of $1,562,431.50. Following the completion of the sale, the chief executive officer directly owned 271,743 shares of the company’s stock, valued at approximately $43,997,909.13. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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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