FourThought Financial LLC lessened its stake in Emerson Electric Co. (NYSE:EMR – Get Rating) by 20.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,016 shares of the industrial products company’s stock after selling 1,534 shares during the quarter. FourThought Financial LLC’s holdings in Emerson Electric were worth $441,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Western Pacific Wealth Management LP purchased a new position in shares of Emerson Electric during the 3rd quarter valued at approximately $26,000. Certified Advisory Corp purchased a new position in shares of Emerson Electric during the 1st quarter valued at approximately $34,000. SJS Investment Consulting Inc. purchased a new position in shares of Emerson Electric during the 3rd quarter valued at approximately $42,000. Fred Alger Management LLC purchased a new position in shares of Emerson Electric during the 3rd quarter valued at approximately $53,000. Finally, Wagner Wealth Management LLC purchased a new position in shares of Emerson Electric during the 2nd quarter valued at approximately $56,000. Hedge funds and other institutional investors own 71.64% of the company’s stock.
Emerson Electric Price Performance
Shares of EMR opened at $81.92 on Friday. The stock’s fifty day moving average is $87.89 and its 200-day moving average is $87.64. The firm has a market capitalization of $46.81 billion, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 2.37 and a beta of 1.39. Emerson Electric Co. has a one year low of $72.40 and a one year high of $100.00. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 1.10.
Emerson Electric Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Friday, February 17th were given a $0.52 dividend. The ex-dividend date was Thursday, February 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.54%. Emerson Electric’s dividend payout ratio (DPR) is 26.40%.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on EMR shares. Morgan Stanley increased their target price on Emerson Electric from $92.00 to $93.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 7th. Cowen reduced their price objective on Emerson Electric from $115.00 to $105.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 21st. UBS Group upgraded Emerson Electric from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $100.00 to $97.00 in a research note on Monday, March 6th. Mizuho raised their price objective on Emerson Electric from $86.00 to $103.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 30th. Finally, Royal Bank of Canada reduced their price objective on Emerson Electric from $110.00 to $107.00 and set an “outperform” rating on the stock in a research note on Thursday, February 9th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $98.43.
Emerson Electric Company Profile
Emerson Electric Co is a global technology and engineering company, which designs and manufactures products and delivers services that bring technology and engineering together to provide innovative solutions for customers in a wide range of industrial, commercial, and consumer markets. It operates through the following segments: Automation Solutions, AspenTech, Commercial and Residential Solutions, Climate Technologies, and Tools and Home Products.
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