MANA Advisors LLC bought a new position in Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,653 shares of the industrial products company’s stock, valued at approximately $394,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of EMR. Tower Research Capital LLC TRC acquired a new position in shares of Emerson Electric during the second quarter valued at $109,000. Intellectus Partners LLC increased its holdings in shares of Emerson Electric by 0.3% during the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 7 shares during the period. Mountain Capital Investment Advisors Inc acquired a new position in shares of Emerson Electric during the second quarter valued at $129,000. Cerebellum GP LLC acquired a new position in shares of Emerson Electric during the fourth quarter valued at $129,000. Finally, Global Trust Asset Management LLC acquired a new position in shares of Emerson Electric during the fourth quarter valued at $146,000. 69.96% of the stock is currently owned by hedge funds and other institutional investors.
Emerson Electric Co. (NYSE EMR) opened at $72.27 on Monday. Emerson Electric Co. has a 52 week low of $56.77 and a 52 week high of $74.45. The firm has a market capitalization of $45,879.71, a PE ratio of 27.07, a P/E/G ratio of 2.20 and a beta of 1.15. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 16th were given a $0.485 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.68%. Emerson Electric’s dividend payout ratio (DPR) is 78.23%.
A number of brokerages have recently commented on EMR. UBS Group began coverage on Emerson Electric in a report on Monday, January 22nd. They set a “buy” rating and a $73.26 price target on the stock. Wells Fargo & Co reissued a “market perform” rating and set a $73.00 price target (up from $65.00) on shares of Emerson Electric in a report on Thursday, January 18th. JMP Securities lowered Emerson Electric from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $74.45 to $56.77 in a report on Thursday, February 1st. Barclays began coverage on Emerson Electric in a report on Thursday, February 15th. They set an “overweight” rating and a $80.00 price target on the stock. Finally, Royal Bank of Canada raised Emerson Electric from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $70.38 to $80.00 in a report on Tuesday, February 13th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. Emerson Electric has a consensus rating of “Hold” and a consensus price target of $70.72.
Emerson Electric Company Profile
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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