Banque Cantonale Vaudoise lifted its position in Emerson Electric Co. (NYSE:EMR – Free Report) by 801.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,022 shares of the industrial products company’s stock after buying an additional 9,799 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Emerson Electric were worth $1,445,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of EMR. Vanguard Group Inc. boosted its stake in Emerson Electric by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 54,330,938 shares of the industrial products company’s stock valued at $7,127,132,000 after purchasing an additional 201,040 shares during the period. State Street Corp lifted its holdings in shares of Emerson Electric by 3.0% during the second quarter. State Street Corp now owns 27,053,019 shares of the industrial products company’s stock worth $3,606,979,000 after buying an additional 784,987 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Emerson Electric by 75.0% in the second quarter. JPMorgan Chase & Co. now owns 12,538,402 shares of the industrial products company’s stock valued at $1,671,762,000 after acquiring an additional 5,371,585 shares during the period. Geode Capital Management LLC grew its stake in shares of Emerson Electric by 0.7% in the second quarter. Geode Capital Management LLC now owns 12,143,357 shares of the industrial products company’s stock worth $1,610,958,000 after acquiring an additional 89,192 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in Emerson Electric by 13.5% during the third quarter. Schroder Investment Management Group now owns 7,205,569 shares of the industrial products company’s stock worth $945,227,000 after acquiring an additional 859,171 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.
Emerson Electric Stock Down 0.3%
Shares of EMR opened at $139.63 on Thursday. 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 company has a 50-day moving average price of $147.80 and a two-hundred day moving average price of $137.90. The stock has a market cap of $78.47 billion, a price-to-earnings ratio of 34.14, a P/E/G ratio of 2.23 and a beta of 1.24. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $165.15.
Emerson Electric Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Friday, February 13th were given a dividend of $0.555 per share. The ex-dividend date was Friday, February 13th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio (DPR) is 54.28%.
Analyst Ratings Changes
A number of analysts have weighed in on the stock. HSBC increased their price target on shares of Emerson Electric from $165.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Oppenheimer reaffirmed a “market perform” rating on shares of Emerson Electric in a research report on Tuesday, January 27th. JPMorgan Chase & Co. lifted their target price on Emerson Electric from $150.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Rothschild & Co Redburn upped their price target on Emerson Electric from $154.00 to $165.00 and gave the company a “buy” rating in a report on Monday, February 9th. Finally, UBS Group upgraded Emerson Electric from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $131.00 to $168.00 in a research report on Monday, January 5th. Eleven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $164.85.
Get Our Latest Research Report on Emerson Electric
Insider Activity
In related news, VP Nicholas J. Piazza sold 6,703 shares of Emerson Electric stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $159.07, for a total transaction of $1,066,246.21. Following the completion of the transaction, the vice president directly owned 31,664 shares of the company’s stock, valued at $5,036,792.48. This trade represents a 17.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Matthew S. Levatich sold 1,476 shares of the company’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $162.16, for a total transaction of $239,348.16. Following the sale, the director directly owned 24,349 shares in the company, valued at $3,948,433.84. This represents a 5.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.23% of the company’s stock.
Emerson Electric 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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