UMB Bank n.a. cut its holdings in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 9.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,319 shares of the industrial products company’s stock after selling 5,352 shares during the quarter. UMB Bank n.a.’s holdings in Emerson Electric were worth $6,470,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of EMR. Transcend Capital Advisors LLC boosted its holdings in Emerson Electric by 13.2% in the 3rd quarter. Transcend Capital Advisors LLC now owns 3,355 shares of the industrial products company’s stock valued at $440,000 after purchasing an additional 390 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Emerson Electric by 0.4% during the third quarter. Thrivent Financial for Lutherans now owns 36,836 shares of the industrial products company’s stock valued at $4,831,000 after buying an additional 165 shares during the last quarter. Independent Advisor Alliance grew its position in Emerson Electric by 0.5% during the third quarter. Independent Advisor Alliance now owns 31,073 shares of the industrial products company’s stock worth $4,076,000 after buying an additional 143 shares in the last quarter. Frank Rimerman Advisors LLC increased its stake in Emerson Electric by 48.6% during the third quarter. Frank Rimerman Advisors LLC now owns 4,529 shares of the industrial products company’s stock valued at $594,000 after acquiring an additional 1,481 shares during the period. Finally, Everhart Financial Group Inc. acquired a new position in Emerson Electric in the 3rd quarter valued at approximately $322,000. Institutional investors own 74.30% of the company’s stock.
Emerson Electric Price Performance
NYSE:EMR opened at $147.04 on Monday. The firm has a market cap of $82.68 billion, a PE ratio of 36.40, a price-to-earnings-growth ratio of 2.38 and a beta of 1.26. The company’s 50-day moving average price is $139.49 and its two-hundred day moving average price is $135.89. The company has a quick ratio of 0.65, a current ratio of 0.88 and a debt-to-equity ratio of 0.41. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $152.50.
Emerson Electric Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were issued a $0.555 dividend. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. 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, November 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 54.95%.
Emerson Electric announced that its board has approved a stock buyback plan on Wednesday, November 5th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on EMR shares. Morgan Stanley boosted their price objective on Emerson Electric from $115.00 to $125.00 and gave the company an “underweight” rating in a research report on Friday, January 9th. Jefferies Financial Group boosted their price target on shares of Emerson Electric from $145.00 to $150.00 and gave the company a “hold” rating in a report on Thursday, January 15th. JPMorgan Chase & Co. raised their price objective on shares of Emerson Electric from $150.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. UBS Group raised shares of Emerson Electric from a “neutral” rating to a “buy” rating and upped their target price for the company from $131.00 to $168.00 in a research note on Monday, January 5th. Finally, Barclays raised their price target on shares of Emerson Electric from $135.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 7th. Ten equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $154.76.
Check Out Our Latest Report on Emerson Electric
Insider Transactions at Emerson Electric
In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $133.00, for a total transaction of $965,979.00. Following the sale, the chief executive officer owned 196,292 shares of the company’s stock, valued at $26,106,836. This represents a 3.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.23% of the stock is currently owned by company insiders.
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.
Read More
- Five stocks we like better than Emerson Electric
- Trump just signed it
- ALERT: Drop these 5 stocks before the market opens tomorrow!
- This is the Exact Moment the AI Boom Will End
- GOLD ALERT
- Trump’s Final Shocking Act Begins February 24
Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.
