Janus Henderson Group PLC grew its holdings in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 95.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 2,207,707 shares of the industrial products company’s stock after buying an additional 1,079,665 shares during the period. Janus Henderson Group PLC’s holdings in Emerson Electric were worth $289,262,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Basso Capital Management L.P. acquired a new position in Emerson Electric during the fourth quarter worth $25,000. IFC & Insurance Marketing Inc. acquired a new stake in Emerson Electric in the fourth quarter valued at $27,000. Motiv8 Investments LLC purchased a new stake in shares of Emerson Electric during the 4th quarter worth $27,000. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric during the 2nd quarter worth $29,000. Finally, Ares Financial Consulting LLC purchased a new position in shares of Emerson Electric in the 4th quarter valued at about $29,000. 74.30% of the stock is owned by hedge funds and other institutional investors.
Emerson Electric Stock Performance
NYSE:EMR opened at $148.49 on Friday. Emerson Electric Co. has a 1-year low of $122.64 and a 1-year high of $165.15. The firm has a market cap of $83.17 billion, a PE ratio of 34.29, a P/E/G ratio of 2.33 and a beta of 1.25. The firm has a 50 day simple moving average of $142.10 and a 200-day simple moving average of $142.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.87 and a quick ratio of 0.64.
Emerson Electric Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, May 15th. Emerson Electric’s dividend payout ratio is presently 51.27%.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. KeyCorp reduced their price objective on shares of Emerson Electric from $185.00 to $170.00 and set an “overweight” rating for the company in a research note on Monday, July 13th. Wells Fargo & Company increased their target price on shares of Emerson Electric from $135.00 to $155.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. BMO Capital Markets boosted their price target on Emerson Electric from $150.00 to $157.00 in a research note on Friday, May 8th. Sanford C. Bernstein lowered their price target on Emerson Electric from $175.00 to $169.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Finally, Wolfe Research dropped their price objective on Emerson Electric from $176.00 to $169.00 and set an “outperform” rating for the company in a research note on Wednesday, April 8th. Thirteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.36.
Check Out Our Latest Stock Report on EMR
Emerson Electric Company 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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