QRG Capital Management Inc. lifted its position in Emerson Electric Co. (NYSE:EMR – Free Report) by 7.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 101,536 shares of the industrial products company’s stock after acquiring an additional 7,099 shares during the period. QRG Capital Management Inc.’s holdings in Emerson Electric were worth $13,303,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rooted Wealth Advisors Inc. lifted its stake in Emerson Electric by 3.0% in the fourth quarter. Rooted Wealth Advisors Inc. now owns 2,195 shares of the industrial products company’s stock valued at $291,000 after acquiring an additional 64 shares during the last quarter. Institute for Wealth Management LLC. increased its stake in shares of Emerson Electric by 1.6% during the 4th quarter. Institute for Wealth Management LLC. now owns 4,546 shares of the industrial products company’s stock worth $603,000 after purchasing an additional 71 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Emerson Electric by 2.4% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 3,098 shares of the industrial products company’s stock valued at $411,000 after purchasing an additional 72 shares during the period. Cornell Pochily Investment Advisors Inc. lifted its stake in Emerson Electric by 0.3% in the 4th quarter. Cornell Pochily Investment Advisors Inc. now owns 29,260 shares of the industrial products company’s stock valued at $3,883,000 after purchasing an additional 76 shares during the last quarter. Finally, Zhang Financial LLC lifted its stake in Emerson Electric by 2.7% in the 4th quarter. Zhang Financial LLC now owns 2,892 shares of the industrial products company’s stock valued at $384,000 after purchasing an additional 76 shares during the last quarter. 74.30% of the stock is owned by institutional investors.
Emerson Electric Trading Up 0.0%
Shares of EMR stock opened at $139.06 on Friday. Emerson Electric Co. has a 12-month low of $122.64 and a 12-month high of $165.15. The company has a market capitalization of $77.89 billion, a PE ratio of 32.12, a price-to-earnings-growth ratio of 2.22 and a beta of 1.25. The firm has a 50 day moving average price of $140.97 and a two-hundred day moving average price of $141.59. 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 Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a dividend of $0.555 per share. The ex-dividend date was Friday, May 15th. This represents a $2.22 annualized dividend and a yield of 1.6%. Emerson Electric’s dividend payout ratio (DPR) is presently 51.27%.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the company. Wolfe Research lowered their price target on Emerson Electric from $176.00 to $169.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Emerson Electric in a research note on Monday, May 4th. Wells Fargo & Company boosted their target price on Emerson Electric from $135.00 to $155.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. BMO Capital Markets increased their price target on Emerson Electric from $150.00 to $157.00 in a research note on Friday, May 8th. Finally, Daiwa Securities Group reduced their price objective 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. One investment 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 assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $163.32.
View Our Latest Stock Analysis on Emerson Electric
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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