ABN Amro Investment Solutions decreased its holdings in Emerson Electric Co. (NYSE:EMR – Free Report) by 10.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,668 shares of the industrial products company’s stock after selling 4,657 shares during the quarter. ABN Amro Investment Solutions’ holdings in Emerson Electric were worth $5,335,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric during the 2nd quarter valued at approximately $29,000. Winnow Wealth LLC acquired a new stake in Emerson Electric in the second quarter valued at $34,000. Traub Capital Management LLC bought a new position in Emerson Electric during the 2nd quarter valued at $37,000. Princeton Global Asset Management LLC acquired a new position in Emerson Electric during the 2nd quarter worth $38,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Emerson Electric in the 2nd quarter worth about $39,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.
Emerson Electric Trading Up 2.3%
Emerson Electric stock opened at $148.35 on Monday. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $165.15. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $83.37 billion, a price-to-earnings ratio of 36.27, a PEG ratio of 2.35 and a beta of 1.26. The firm has a 50-day moving average price of $143.65 and a two-hundred day moving average price of $136.42.
Emerson Electric Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Friday, February 13th will be paid a $0.555 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $2.22 annualized dividend and a dividend yield of 1.5%. Emerson Electric’s dividend payout ratio is presently 54.28%.
Emerson Electric declared that its Board of Directors has initiated a share repurchase plan on Wednesday, November 5th that permits the company to buyback $0.00 in shares. This buyback authorization permits the industrial products company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.
Analyst Ratings Changes
EMR has been the subject of a number of research reports. Wells Fargo & Company lifted their price target on Emerson Electric from $145.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 4th. Royal Bank Of Canada increased their target price on Emerson Electric from $153.00 to $176.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. KeyCorp boosted their price target on Emerson Electric from $155.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Rothschild & Co Redburn raised their price objective on Emerson Electric from $154.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Finally, UBS Group upgraded shares of Emerson Electric from a “neutral” rating to a “buy” rating and boosted their target price for the company from $131.00 to $168.00 in a research note on Monday, January 5th. Eleven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $164.90.
Get Our Latest Research Report on Emerson Electric
Insider Activity
In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the firm’s 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 transaction, the chief executive officer owned 196,292 shares of the company’s stock, valued at approximately $26,106,836. This trade represents a 3.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Nicholas J. Piazza sold 6,703 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $159.07, for a total transaction of $1,066,246.21. Following the completion of the sale, the vice president directly owned 31,664 shares of the company’s stock, valued at approximately $5,036,792.48. This represents a 17.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 15,442 shares of company stock valued at $2,271,573. Company insiders own 0.23% of the company’s stock.
About Emerson Electric
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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