Flputnam Investment Management Co. increased its position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 8.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 150,313 shares of the industrial products company’s stock after purchasing an additional 12,169 shares during the quarter. Flputnam Investment Management Co.’s holdings in Emerson Electric were worth $19,950,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Murphy Middleton Hinkle & Parker Inc. boosted its stake in Emerson Electric by 229.1% in the fourth quarter. Murphy Middleton Hinkle & Parker Inc. now owns 46,467 shares of the industrial products company’s stock valued at $6,167,000 after acquiring an additional 32,346 shares during the last quarter. AustralianSuper Pty Ltd purchased a new position in Emerson Electric in the third quarter valued at about $950,000. Cahill Financial Advisors Inc. purchased a new position in Emerson Electric in the third quarter valued at about $823,000. Vanguard Group Inc. boosted its stake in Emerson Electric by 0.4% in the third quarter. Vanguard Group Inc. now owns 54,330,938 shares of the industrial products company’s stock valued at $7,127,132,000 after acquiring an additional 201,040 shares during the last quarter. Finally, Wedbush Securities Inc. boosted its stake in Emerson Electric by 88.4% in the third quarter. Wedbush Securities Inc. now owns 19,197 shares of the industrial products company’s stock valued at $2,518,000 after acquiring an additional 9,009 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.
Emerson Electric Stock Performance
Shares of EMR stock opened at $140.99 on Wednesday. The stock has a market capitalization of $78.97 billion, a P/E ratio of 32.56, a PEG ratio of 2.18 and a beta of 1.26. The company has a current ratio of 0.87, a quick ratio of 0.64 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $136.67 and its 200 day moving average is $139.40. Emerson Electric Co. has a 12 month low of $117.16 and a 12 month high of $165.15.
Emerson Electric Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be issued a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, May 15th. Emerson Electric’s dividend payout ratio is 51.27%.
Analyst Ratings Changes
EMR has been the topic of a number of research analyst reports. BMO Capital Markets boosted their target price on shares of Emerson Electric from $150.00 to $157.00 in a research note on Friday, May 8th. HSBC boosted their target price on shares of Emerson Electric from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Royal Bank Of Canada boosted their target price on shares of Emerson Electric from $161.00 to $169.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Oppenheimer reiterated a “market perform” rating on shares of Emerson Electric in a research note on Tuesday, January 27th. Finally, Wolfe Research dropped their price target on shares of Emerson Electric from $176.00 to $169.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 8th. Twelve equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $163.24.
Read Our Latest Stock Report on EMR
Insiders Place Their Bets
In related news, CEO Surendralal Lanca Karsanbhai sold 5,700 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $142.32, for a total transaction of $811,224.00. Following the sale, the chief executive officer owned 281,393 shares of the company’s stock, valued at approximately $40,047,851.76. This represents a 1.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.23% of the company’s stock.
Emerson Electric 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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