Royal Fund Management LLC grew its stake in Emerson Electric Co. (NYSE:EMR – Free Report) by 111.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 79,708 shares of the industrial products company’s stock after buying an additional 42,096 shares during the period. Royal Fund Management LLC’s holdings in Emerson Electric were worth $8,807,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. American National Bank & Trust Co. VA purchased a new position in Emerson Electric during the 1st quarter worth approximately $1,011,000. SG Americas Securities LLC raised its holdings in shares of Emerson Electric by 183.6% during the first quarter. SG Americas Securities LLC now owns 81,875 shares of the industrial products company’s stock worth $9,286,000 after purchasing an additional 53,003 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new position in Emerson Electric during the first quarter valued at $1,047,000. Farther Finance Advisors LLC boosted its holdings in Emerson Electric by 55.0% in the second quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock valued at $931,000 after purchasing an additional 3,060 shares during the last quarter. Finally, Norden Group LLC purchased a new position in shares of Emerson Electric during the 1st quarter valued at about $4,188,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.
Emerson Electric Price Performance
Shares of NYSE EMR traded up $0.75 during midday trading on Wednesday, hitting $110.17. The stock had a trading volume of 151,412 shares, compared to its average volume of 2,726,021. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The stock has a 50 day simple moving average of $105.14 and a 200-day simple moving average of $109.27. The company has a market capitalization of $63.03 billion, a PE ratio of 5.85, a P/E/G ratio of 1.74 and a beta of 1.30. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $119.53.
Emerson Electric Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is 11.24%.
Analysts Set New Price Targets
EMR has been the topic of a number of recent research reports. Robert W. Baird upped their target price on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Morgan Stanley started coverage on shares of Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price for the company. Oppenheimer raised their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Finally, Wells Fargo & Company decreased their price objective on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $124.59.
Check Out Our Latest Research Report on EMR
Emerson Electric Profile
Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.
Further Reading
- Five stocks we like better than Emerson Electric
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- Insiders Hold Tight as Helen of Troy Prepares for a Major Rebound
- Best Aerospace Stocks Investing
- Is SelectQuote a Double-Bagger Stock? Analysts Predict Huge Gains
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- This Major Sell-Off in Chinese Stocks Could Be Your Buy Signal
Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR – Free Report).
Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.