Kinloch Capital LLC purchased a new stake in Emerson Electric Co. (NYSE:EMR – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 28,723 shares of the industrial products company’s stock, valued at approximately $4,112,000.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its holdings in Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after buying an additional 4,850 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Emerson Electric during the 1st quarter worth $232,000. Caxton Associates LLP purchased a new stake in shares of Emerson Electric in the first quarter valued at about $275,000. Sivia Capital Partners LLC acquired a new stake in Emerson Electric during the second quarter worth about $203,000. Finally, Jump Financial LLC raised its stake in Emerson Electric by 121.5% during the second quarter. Jump Financial LLC now owns 10,543 shares of the industrial products company’s stock worth $1,406,000 after purchasing an additional 5,783 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.
Emerson Electric Stock Performance
Shares of EMR stock opened at $157.56 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.66 and a current ratio of 0.90. The firm has a market cap of $88.25 billion, a P/E ratio of 34.48, a P/E/G ratio of 2.34 and a beta of 1.24. The firm’s 50 day moving average price is $148.26 and its 200-day moving average price is $143.46. Emerson Electric Co. has a one year low of $122.64 and a one year high of $166.35.
Emerson Electric Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be paid a $0.555 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.4%. Emerson Electric’s payout ratio is presently 48.58%.
Analyst Ratings Changes
Several equities analysts have weighed in on EMR shares. HSBC boosted their target price on shares of Emerson Electric from $170.00 to $180.00 in a report on Thursday, August 6th. Wall Street Zen raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Barclays increased their price objective on Emerson Electric from $140.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Citigroup lifted their target price on Emerson Electric from $174.00 to $182.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, KeyCorp lowered their price target on Emerson Electric from $185.00 to $170.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Thirteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and an average target price of $167.39.
Check Out Our Latest Analysis on EMR
Insider Activity
In related news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total transaction of $1,562,431.50. Following the transaction, the chief executive officer owned 271,743 shares of the company’s stock, valued at approximately $43,997,909.13. This represents a 3.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company’s stock.
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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