Avalon Global Asset Management LLC boosted its stake in Emerson Electric Co. (NYSE:EMR – Free Report) by 35.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 95,000 shares of the industrial products company’s stock after acquiring an additional 25,000 shares during the period. Emerson Electric accounts for 2.0% of Avalon Global Asset Management LLC’s portfolio, making the stock its 18th biggest position. Avalon Global Asset Management LLC’s holdings in Emerson Electric were worth $12,608,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in EMR. Brighton Jones LLC lifted its stake in Emerson Electric by 74.1% in the fourth 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 during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Emerson Electric during the 1st quarter worth approximately $232,000. Caxton Associates LLP acquired a new stake in shares of Emerson Electric during the 1st quarter worth approximately $275,000. Sivia Capital Partners LLC bought a new stake in shares of Emerson Electric in the 2nd quarter valued at $203,000. Finally, Jump Financial LLC lifted its position in shares of Emerson Electric by 121.5% during the 2nd quarter. Jump Financial LLC now owns 10,543 shares of the industrial products company’s stock valued at $1,406,000 after acquiring an additional 5,783 shares during the period. 74.30% of the stock is currently owned by institutional investors.
Emerson Electric Price Performance
Shares of NYSE:EMR opened at $146.59 on Tuesday. 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 Co. has a twelve month low of $122.64 and a twelve month high of $165.15. The stock’s 50 day moving average is $140.03 and its 200-day moving average is $140.66. The firm has a market capitalization of $82.10 billion, a price-to-earnings ratio of 33.85, a PEG ratio of 2.28 and a beta of 1.25.
Emerson Electric Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were given a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, May 15th. Emerson Electric’s dividend payout ratio is presently 51.27%.
Analysts Set New Price Targets
EMR has been the topic of a number of research reports. BMO Capital Markets boosted their target price on shares of Emerson Electric from $150.00 to $157.00 in a research report on Friday, May 8th. Sanford C. Bernstein initiated coverage on shares of Emerson Electric in a research report on Wednesday, June 10th. They set an “outperform” rating and a $175.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of Emerson Electric from $135.00 to $155.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Royal Bank Of Canada boosted their target price on shares of Emerson Electric from $161.00 to $169.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Finally, Daiwa Securities Group dropped their target price on shares of Emerson Electric from $177.00 to $156.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $163.77.
Check Out Our Latest Stock Report on EMR
Emerson Electric Company 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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