Sanctuary Advisors LLC boosted its position in Emerson Electric Co. (NYSE:EMR – Free Report) by 6.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 245,268 shares of the industrial products company’s stock after buying an additional 15,189 shares during the period. Sanctuary Advisors LLC’s holdings in Emerson Electric were worth $32,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently bought and sold shares of the company. Basso Capital Management L.P. acquired a new position in shares of Emerson Electric during the fourth quarter worth about $25,000. IFC & Insurance Marketing Inc. purchased a new stake in Emerson Electric in the 4th quarter valued at approximately $27,000. Motiv8 Investments LLC acquired a new position in Emerson Electric during the 4th quarter worth approximately $27,000. Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric during the 2nd quarter worth approximately $29,000. Finally, Ares Financial Consulting LLC acquired a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.
Emerson Electric Stock Up 0.1%
EMR opened at $136.25 on Thursday. The firm has a market cap of $76.31 billion, a P/E ratio of 31.47, a PEG ratio of 2.17 and a beta of 1.25. The business’s fifty day simple moving average is $140.42 and its 200 day simple moving average is $141.81. Emerson Electric Co. has a 52 week low of $122.64 and a 52 week high of $165.15. 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 Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were paid a dividend of $0.555 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.22 annualized dividend and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio is presently 51.27%.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Emerson Electric in a research note on Monday, May 4th. Barclays raised their target price on Emerson Electric from $140.00 to $144.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Wells Fargo & Company boosted their price target on Emerson Electric from $135.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Daiwa Securities Group cut their target price 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. Finally, Wolfe Research lowered their price target on shares of Emerson Electric from $176.00 to $169.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $162.64.
Read Our Latest 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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