Strs Ohio cut its holdings in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 5.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 290,176 shares of the industrial products company’s stock after selling 15,445 shares during the period. Strs Ohio owned 0.05% of Emerson Electric worth $38,019,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of EMR. Brighton Jones LLC lifted its holdings in Emerson Electric by 74.1% during the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock worth $1,412,000 after buying an additional 4,850 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Emerson Electric in the 1st quarter worth $232,000. Caxton Associates LLP purchased a new stake in shares of Emerson Electric during the 1st quarter worth $275,000. Sivia Capital Partners LLC bought a new stake in Emerson Electric during the second quarter valued at about $203,000. Finally, Jump Financial LLC grew its stake in Emerson Electric by 121.5% in the second quarter. Jump Financial LLC now owns 10,543 shares of the industrial products company’s stock valued at $1,406,000 after purchasing an additional 5,783 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.
Emerson Electric Stock Performance
EMR opened at $139.06 on Friday. The company has a market cap of $77.89 billion, a P/E ratio of 32.12, a price-to-earnings-growth ratio of 2.22 and a beta of 1.25. The company has a quick ratio of 0.64, a current ratio of 0.87 and a debt-to-equity ratio of 0.37. The firm’s 50-day moving average price is $140.97 and its 200-day moving average price is $141.59. Emerson Electric Co. has a 52-week low of $122.64 and a 52-week high of $165.15.
Emerson Electric Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were issued a dividend of $0.555 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric’s payout ratio is 51.27%.
Wall Street Analysts Forecast Growth
EMR has been the subject of several analyst reports. Wells Fargo & Company increased their price target on shares of Emerson Electric from $135.00 to $155.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Emerson Electric in a research note on Monday, May 4th. Wolfe Research decreased their target price on shares of Emerson Electric from $176.00 to $169.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. DA Davidson began coverage on shares of Emerson Electric in a report on Tuesday, June 16th. They issued a “neutral” rating and a $145.00 price target on the stock. Finally, BMO Capital Markets upped their price target on Emerson Electric from $150.00 to $157.00 in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $163.32.
Check Out Our Latest Stock Analysis on EMR
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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