Emerson Electric Co. (NYSE:EMR) Shares Acquired by DMC Group LLC

DMC Group LLC increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,129 shares of the industrial products company’s stock after acquiring an additional 390 shares during the period. DMC Group LLC’s holdings in Emerson Electric were worth $636,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in Emerson Electric by 43.5% during the second quarter. AQR Capital Management LLC now owns 47,192 shares of the industrial products company’s stock worth $5,174,000 after buying an additional 14,301 shares in the last quarter. EP Wealth Advisors LLC boosted its stake in shares of Emerson Electric by 200.9% during the 2nd quarter. EP Wealth Advisors LLC now owns 20,983 shares of the industrial products company’s stock worth $2,312,000 after acquiring an additional 14,009 shares in the last quarter. Truist Financial Corp grew its holdings in shares of Emerson Electric by 9.5% in the 2nd quarter. Truist Financial Corp now owns 977,435 shares of the industrial products company’s stock worth $107,674,000 after acquiring an additional 85,083 shares during the last quarter. Cetera Investment Advisers grew its stake in Emerson Electric by 17.6% during the 2nd quarter. Cetera Investment Advisers now owns 229,476 shares of the industrial products company’s stock valued at $25,279,000 after acquiring an additional 34,381 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Emerson Electric in the 2nd quarter worth approximately $22,146,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

NYSE:EMR opened at $128.92 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The firm’s 50-day moving average is $127.10 and its 200-day moving average is $116.19. Emerson Electric Co. has a 52-week low of $91.64 and a 52-week high of $134.85. The company has a market cap of $73.42 billion, a price-to-earnings ratio of 37.70, a PEG ratio of 2.22 and a beta of 1.35.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were issued a $0.5275 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 annualized dividend and a yield of 1.64%. Emerson Electric’s dividend payout ratio is 61.70%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EMR shares. Barclays boosted their price target on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective for the company. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. reduced their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $136.45.

Insider Transactions at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the sale, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is owned by insiders.

Emerson Electric Company Profile

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.