Alamea Verwaltungs GmbH bought a new position in Emerson Electric Co. (NYSE:EMR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,921 shares of the industrial products company's stock, valued at approximately $430,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of EMR. Brighton Jones LLC grew its stake in Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock worth $1,412,000 after acquiring an additional 4,850 shares during the period. Gallagher Fiduciary Advisors LLC grew its stake in Emerson Electric by 20.7% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 3,121 shares of the industrial products company's stock worth $387,000 after acquiring an additional 535 shares during the period. Accredited Wealth Management LLC purchased a new stake in shares of Emerson Electric during the 4th quarter valued at $208,000. AXA S.A. grew its stake in shares of Emerson Electric by 857.7% during the 4th quarter. AXA S.A. now owns 340,141 shares of the industrial products company's stock valued at $42,154,000 after buying an additional 304,626 shares during the period. Finally, Aptus Capital Advisors LLC grew its stake in shares of Emerson Electric by 83.2% during the 4th quarter. Aptus Capital Advisors LLC now owns 16,112 shares of the industrial products company's stock valued at $1,997,000 after buying an additional 7,319 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on EMR. JPMorgan Chase & Co. boosted their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Stephens boosted their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Robert W. Baird lowered their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, Citigroup raised their price objective on Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $142.39.
Check Out Our Latest Stock Report on Emerson Electric
Emerson Electric Stock Down 1.4%
EMR stock traded down $1.81 during trading on Wednesday, reaching $129.57. The stock had a trading volume of 2,059,785 shares, compared to its average volume of 3,452,917. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $72.92 billion, a P/E ratio of 27.86, a PEG ratio of 2.58 and a beta of 1.30. The firm has a fifty day moving average price of $137.60 and a 200 day moving average price of $122.24.
Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. During the same quarter in the previous year, the business posted $1.43 EPS. The firm's revenue was up 3.9% compared to the same quarter last year. On average, equities analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.
Emerson Electric Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be given a $0.5275 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. Emerson Electric's payout ratio is presently 45.38%.
Emerson Electric Profile
(
Free Report)
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.
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