Ferguson Wellman Capital Management Inc. lowered its stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 1.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 267,331 shares of the industrial products company’s stock after selling 3,437 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Emerson Electric were worth $41,463,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of EMR. ABS Investment Management LLC purchased a new stake in shares of Emerson Electric during the second quarter worth $858,900,000. Basso Capital Management L.P. bought a new stake in shares of Emerson Electric during the 4th quarter valued at $25,000. Allied Private Wealth LLC purchased a new position in Emerson Electric during the 2nd quarter valued at about $27,000. Orion Capital Management LLC bought a new position in shares of Emerson Electric in the second quarter valued at approximately $29,000. Finally, Clal Insurance Enterprises Holdings Ltd bought a new position in Emerson Electric in the 2nd quarter valued at $30,000. 74.30% of the stock is owned by institutional investors.
Emerson Electric Trading Up 0.9%
Shares of NYSE:EMR traded up $1.49 during trading on Monday, reaching $163.09. 724,072 shares of the company traded hands, compared to its average volume of 2,962,981. The company has a current ratio of 0.90, a quick ratio of 0.66 and a debt-to-equity ratio of 0.37. Emerson Electric Co. has a 52-week low of $122.64 and a 52-week high of $166.35. The firm has a market capitalization of $91.35 billion, a price-to-earnings ratio of 35.67, a P/E/G ratio of 2.23 and a beta of 1.21. The business’s fifty day moving average is $154.76 and its 200-day moving average is $144.61.
Emerson Electric Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Friday, August 14th were issued a dividend of $0.5550 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, August 14th. Emerson Electric’s payout ratio is 48.58%.
Analyst Ratings Changes
Several brokerages have recently commented on EMR. Sanford C. Bernstein boosted their price objective on Emerson Electric from $169.00 to $186.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Morgan Stanley raised their price target on Emerson Electric from $125.00 to $135.00 and gave the company an “underweight” rating in a research report on Friday, August 28th. Evercore cut their target price on Emerson Electric from $190.00 to $185.00 and set an “outperform” rating for the company in a research note on Monday, August 31st. Wall Street Zen raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, TD Cowen upped their price objective on shares of Emerson Electric from $150.00 to $170.00 and gave the company a “hold” rating in a research note on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $169.83.
Read Our Latest Stock Report on EMR
Insider Buying and Selling at Emerson Electric
In related news, CEO Surendralal Karsanbhai sold 9,650 shares of Emerson Electric stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $161.91, for a total transaction of $1,562,431.50. Following the completion of the transaction, the chief executive officer directly owned 271,743 shares of the company’s stock, valued at $43,997,909.13. This trade represents a 3.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.23% of the stock is owned by corporate insiders.
Emerson Electric Profile
Emerson Electric Co is a global technology and engineering company that provides products, software and services for industrial, commercial and residential applications. Its offerings help customers automate processes, measure and control operations, improve equipment performance, and manage complex industrial systems.
The company’s portfolio includes process-control and automation systems, industrial software, measurement and analytical instruments, control valves, regulators, electrical equipment, and related services.
Featured Stories
- Five stocks we like better than Emerson Electric
- A Manufacturing Surprise Could Be a Big Win for These 2 Companies
- What a $1 Billion Chip Deal Says About Amazon’s AI Ambitions
- 3 Stocks Benefiting From AI Demand Just Announced Major Buybacks
- Insiders Are Selling These 3 Stocks, Should You?
Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMR – Free Report).
Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.
