J. Safra Sarasin Holding AG lessened its position in Emerson Electric Co. (NYSE:EMR – Free Report) by 3.4% in the 1st quarter, Holdings Channel reports. The fund owned 684,181 shares of the industrial products company’s stock after selling 24,396 shares during the period. Emerson Electric makes up approximately 1.5% of J. Safra Sarasin Holding AG’s investment portfolio, making the stock its 14th biggest holding. J. Safra Sarasin Holding AG’s holdings in Emerson Electric were worth $89,640,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EMR. Tradewinds LLC. raised its stake in Emerson Electric by 1.7% during the 1st quarter. Tradewinds LLC. now owns 6,733 shares of the industrial products company’s stock valued at $925,000 after purchasing an additional 112 shares during the period. LGT Fund Management Co Ltd. boosted its position in shares of Emerson Electric by 73.3% in the first quarter. LGT Fund Management Co Ltd. now owns 23,284 shares of the industrial products company’s stock worth $3,051,000 after buying an additional 9,852 shares during the period. Global Assets Advisory LLC purchased a new position in shares of Emerson Electric during the first quarter valued at $52,000. United Bank grew its holdings in shares of Emerson Electric by 128.1% during the first quarter. United Bank now owns 12,467 shares of the industrial products company’s stock valued at $1,633,000 after buying an additional 7,001 shares in the last quarter. Finally, Diversify Wealth Management LLC raised its position in Emerson Electric by 44.1% during the first quarter. Diversify Wealth Management LLC now owns 48,652 shares of the industrial products company’s stock valued at $6,644,000 after buying an additional 14,886 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.
Emerson Electric Stock Performance
EMR stock opened at $138.90 on Monday. The firm has a 50 day moving average of $140.81 and a two-hundred day moving average of $141.81. Emerson Electric Co. has a 12 month low of $122.64 and a 12 month high of $165.15. The company has a market capitalization of $77.80 billion, a price-to-earnings ratio of 32.08, a P/E/G 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.
Emerson Electric Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a $0.555 dividend. 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 currently 51.27%.
Wall Street Analyst Weigh In
EMR has been the subject of a number of research reports. DA Davidson started coverage on Emerson Electric in a research report on Tuesday, June 16th. They set a “neutral” rating and a $145.00 price objective for the company. Daiwa Securities Group reduced their price target on shares of Emerson Electric from $177.00 to $156.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Wolfe Research decreased their price target on shares of Emerson Electric from $176.00 to $169.00 and set an “outperform” rating for the company in a report on Wednesday, April 8th. BMO Capital Markets upped their price objective on shares of Emerson Electric from $150.00 to $157.00 in a research note on Friday, May 8th. Finally, Barclays increased their target price on shares of Emerson Electric from $140.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $163.32.
Read Our Latest Analysis on Emerson Electric
About Emerson Electric
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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