Fulton Bank N.A. decreased its stake in Emerson Electric Co. (NYSE:EMR – Get Rating) by 4.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,579 shares of the industrial products company’s stock after selling 150 shares during the quarter. Fulton Bank N.A.’s holdings in Emerson Electric were worth $285,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of EMR. Ulland Investment Advisors LLC bought a new stake in shares of Emerson Electric during the first quarter worth $26,000. Lee Financial Co boosted its position in shares of Emerson Electric by 5,600.0% during the first quarter. Lee Financial Co now owns 285 shares of the industrial products company’s stock worth $28,000 after buying an additional 280 shares during the period. Certified Advisory Corp acquired a new position in shares of Emerson Electric during the first quarter worth about $34,000. Credit Agricole S A acquired a new position in Emerson Electric during the fourth quarter valued at approximately $35,000. Finally, Riverview Trust Co boosted its position in Emerson Electric by 404.1% during the first quarter. Riverview Trust Co now owns 368 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 295 shares during the last quarter. Institutional investors and hedge funds own 72.75% of the company’s stock.
Emerson Electric Stock Down 2.9 %
Shares of EMR opened at $78.21 on Monday. The company has a market capitalization of $46.25 billion, a PE ratio of 14.81, a PEG ratio of 1.82 and a beta of 1.42. Emerson Electric Co. has a 12 month low of $76.16 and a 12 month high of $100.47. The stock’s 50-day moving average price is $84.88 and its two-hundred day moving average price is $87.80. The company has a current ratio of 1.06, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51.
Emerson Electric Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Thursday, August 11th. Emerson Electric’s dividend payout ratio (DPR) is presently 39.02%.
Wall Street Analyst Weigh In
Several analysts have issued reports on EMR shares. Credit Suisse Group dropped their price objective on Emerson Electric from $107.00 to $106.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 10th. Mizuho increased their target price on Emerson Electric from $85.00 to $86.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 10th. Morgan Stanley increased their target price on Emerson Electric from $95.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 10th. Barclays lowered their price objective on Emerson Electric from $87.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Friday, July 8th. Finally, Sanford C. Bernstein lowered their price objective on Emerson Electric from $105.00 to $100.00 and set a “mkt perform” rating on the stock in a research note on Wednesday, August 17th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $98.77.
Emerson Electric Profile
Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and residential markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, and Commercial & Residential Solutions segments.
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