Elevation Point Wealth Partners LLC increased its position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 540.8% in the first quarter, HoldingsChannel reports. The firm owned 23,798 shares of the industrial products company’s stock after purchasing an additional 20,084 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Emerson Electric were worth $3,118,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in EMR. Basso Capital Management L.P. bought a new stake in Emerson Electric during the fourth quarter worth about $25,000. IFC & Insurance Marketing Inc. bought a new position in shares of Emerson Electric in the fourth quarter valued at approximately $27,000. Motiv8 Investments LLC bought a new position in shares of Emerson Electric in the fourth quarter valued at approximately $27,000. Ares Financial Consulting LLC acquired a new position in shares of Emerson Electric in the 4th quarter worth approximately $29,000. Finally, Darwin Wealth Management LLC bought a new stake in Emerson Electric during the 2nd quarter worth approximately $29,000. 74.30% of the stock is owned by institutional investors.
Emerson Electric Stock Up 0.0%
Shares of EMR opened at $139.06 on Friday. The business’s fifty day moving average price is $140.97 and its two-hundred day moving average price is $141.59. The firm has a market capitalization of $77.89 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 2.22 and a beta of 1.25. Emerson Electric Co. has a 52 week low of $122.64 and a 52 week high of $165.15. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.64 and a current ratio of 0.87.
Emerson Electric Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a dividend of $0.555 per share. The ex-dividend date was Friday, May 15th. This represents a $2.22 dividend on an annualized basis and a yield of 1.6%. Emerson Electric’s dividend payout ratio is presently 51.27%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on EMR shares. DA Davidson assumed coverage on Emerson Electric in a report on Tuesday, June 16th. They set a “neutral” rating and a $145.00 price target for the company. Sanford C. Bernstein initiated coverage on Emerson Electric in a report on Wednesday, June 10th. They set an “outperform” rating and a $175.00 target price on the stock. BMO Capital Markets raised their target price on Emerson Electric from $150.00 to $157.00 in a research note on Friday, May 8th. Jefferies Financial Group began coverage on Emerson Electric in a report on Tuesday, March 31st. They issued a “buy” rating and a $175.00 price target for the company. Finally, Wells Fargo & Company upped their price target on shares of Emerson Electric from $135.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned 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.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $163.32.
Get Our Latest Stock Analysis on Emerson Electric
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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