Keeler Thomas Management LLC bought a new stake in Emerson Electric Company (NYSE:EMR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,742 shares of the industrial products company’s stock, valued at approximately $818,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new stake in shares of Emerson Electric during the 2nd quarter worth approximately $109,000. Intellectus Partners LLC raised its stake in shares of Emerson Electric by 0.3% during the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 7 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new stake in Emerson Electric in the 2nd quarter valued at $129,000. Cerebellum GP LLC bought a new stake in Emerson Electric in the 4th quarter valued at $129,000. Finally, Global Trust Asset Management LLC bought a new stake in Emerson Electric in the 4th quarter valued at $146,000. Hedge funds and other institutional investors own 69.44% of the company’s stock.
Emerson Electric Company (EMR) opened at $71.31 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.40. Emerson Electric Company has a 1-year low of $56.77 and a 1-year high of $74.45. The company has a market capitalization of $44,679.87, a price-to-earnings ratio of 26.36, a price-to-earnings-growth ratio of 2.20 and a beta of 1.19.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 16th will be issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Thursday, February 15th. Emerson Electric’s dividend payout ratio is 78.23%.
In other Emerson Electric news, VP Bell Katherine Button sold 7,518 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $66.36, for a total value of $498,894.48. Following the transaction, the vice president now directly owns 36,877 shares of the company’s stock, valued at approximately $2,447,157.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Edgar M. Purvis, Jr. sold 9,490 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $65.74, for a total value of $623,872.60. Following the completion of the transaction, the chief operating officer now directly owns 168,984 shares in the company, valued at $11,109,008.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,017 shares of company stock worth $1,771,129. Insiders own 0.79% of the company’s stock.
A number of equities research analysts recently weighed in on the company. Royal Bank of Canada upgraded Emerson Electric from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $70.38 to $80.00 in a research note on Tuesday. JPMorgan Chase & Co. upgraded Emerson Electric from a “neutral” rating to an “overweight” rating in a research note on Friday, February 9th. Zacks Investment Research upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research note on Thursday, February 8th. Robert W. Baird increased their price target on Emerson Electric from $70.00 to $76.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. Finally, JMP Securities cut Emerson Electric from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $74.45 to $56.77 in a research note on Thursday, February 1st. Three analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $68.93.
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Emerson Electric Profile
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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