Commerzbank Aktiengesellschaft FI cut its holdings in Emerson Electric Co. (NYSE:EMR – Free Report) by 15.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 21,347 shares of the industrial products company’s stock after selling 3,850 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Emerson Electric were worth $2,797,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Basso Capital Management L.P. acquired a new position in Emerson Electric during the fourth quarter worth about $25,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $27,000. Motiv8 Investments LLC acquired a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $27,000. Ares Financial Consulting LLC purchased a new position in shares of Emerson Electric during the 4th quarter worth approximately $29,000. Finally, Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric during the 2nd quarter worth approximately $29,000. 74.30% of the stock is owned by institutional investors and hedge funds.
Emerson Electric Stock Up 2.0%
EMR stock opened at $139.25 on Wednesday. The company has a 50 day moving average price of $140.33 and a two-hundred day moving average price of $141.91. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.64 and a current ratio of 0.87. The stock has a market capitalization of $78.00 billion, a P/E ratio of 32.16, a PEG ratio of 2.18 and a beta of 1.25. Emerson Electric Co. has a one year low of $122.64 and a one year high of $165.15.
Emerson Electric Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were paid a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, May 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 51.27%.
Analysts Set New Price Targets
A number of equities research analysts have commented on EMR shares. Wolfe Research lowered their target price on Emerson Electric from $176.00 to $169.00 and set an “outperform” rating on the stock in a report on Wednesday, April 8th. Sanford C. Bernstein cut their price target on Emerson Electric from $175.00 to $169.00 and set an “outperform” rating for the company in a report on Monday. Weiss Ratings restated a “hold (c+)” rating on shares of Emerson Electric in a research report on Monday, May 4th. DA Davidson initiated coverage on Emerson Electric in a research report on Tuesday, June 16th. They set a “neutral” rating and a $145.00 price objective for the company. Finally, JPMorgan Chase & Co. raised shares of Emerson Electric from a “neutral” rating to an “overweight” rating and set a $157.00 target price for the company in a research note on Friday, July 17th. Thirteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $162.36.
Read Our Latest Research Report 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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