Ferguson Wellman Capital Management Inc. lifted its holdings in Emerson Electric Co. (NYSE:EMR – Free Report) by 21.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 270,768 shares of the industrial products company’s stock after purchasing an additional 47,445 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Emerson Electric were worth $38,760,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in EMR. Brighton Jones LLC boosted 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 in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Emerson Electric in the first quarter valued at $232,000. Caxton Associates LLP acquired a new stake in shares of Emerson Electric during the 1st quarter valued at $275,000. Sivia Capital Partners LLC bought a new stake in shares of Emerson Electric during the 2nd quarter worth $203,000. Finally, Jump Financial LLC grew 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 worth $1,406,000 after acquiring an additional 5,783 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.
Emerson Electric Stock Performance
Shares of EMR stock opened at $155.37 on Friday. The company has a market capitalization of $87.02 billion, a price-to-earnings ratio of 34.00, a P/E/G ratio of 2.35 and a beta of 1.24. Emerson Electric Co. has a 1-year low of $122.64 and a 1-year high of $166.35. The company has a current ratio of 0.90, a quick ratio of 0.66 and a debt-to-equity ratio of 0.37. The stock’s fifty day simple moving average is $148.79 and its 200-day simple moving average is $143.58.
Emerson Electric Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be issued 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 currently 48.58%.
Insider Activity at Emerson Electric
In related news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the business’s stock in a transaction that occurred 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 transaction, 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 SEC, which is accessible through the SEC website. Corporate insiders own 0.23% of the company’s stock.
Wall Street Analysts Forecast Growth
EMR has been the subject of several analyst reports. Wall Street Zen raised Emerson Electric from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. JPMorgan Chase & Co. upgraded Emerson Electric from a “neutral” rating to an “overweight” rating and set a $157.00 price objective on the stock in a report on Friday, July 17th. HSBC upped their price objective on shares of Emerson Electric from $170.00 to $180.00 in a research note on Thursday, August 6th. Royal Bank Of Canada lifted their target price on shares of Emerson Electric from $169.00 to $179.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Finally, Rothschild & Co Redburn boosted their price target on shares of Emerson Electric from $165.00 to $180.00 in a report on Thursday, August 6th. Thirteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $167.83.
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.
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