Fairscale Capital LLC purchased a new stake in Emerson Electric Co. (NYSE:EMR – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 629 shares of the industrial products company’s stock, valued at approximately $75,000.
Several other institutional investors have also recently made changes to their positions in EMR. Security National Bank acquired a new position in shares of Emerson Electric during the 4th quarter worth about $29,000. Cape Investment Advisory Inc. grew its holdings in Emerson Electric by 148.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 188 shares during the period. Transcendent Capital Group LLC acquired a new position in Emerson Electric during the first quarter worth approximately $31,000. Burkett Financial Services LLC bought a new stake in Emerson Electric in the fourth quarter valued at approximately $32,000. Finally, Meeder Asset Management Inc. lifted its position in shares of Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after buying an additional 235 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.
Emerson Electric Trading Down 0.7 %
NYSE EMR opened at $105.16 on Monday. The business’s fifty day moving average is $107.04 and its 200-day moving average is $109.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. The stock has a market capitalization of $60.16 billion, a price-to-earnings ratio of 5.63, a PEG ratio of 1.66 and a beta of 1.30. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53.
Emerson Electric Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were paid a $0.525 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 2.00%. Emerson Electric’s payout ratio is presently 11.24%.
Wall Street Analyst Weigh In
A number of equities analysts have commented on EMR shares. Barclays reduced their price objective on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Royal Bank of Canada reduced their target price on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Wells Fargo & Company lowered their price target on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Redburn Atlantic started coverage on Emerson Electric in a report on Monday, July 8th. They set a “buy” rating and a $135.00 price objective for the company. Finally, StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $124.29.
View Our Latest Stock Analysis on EMR
Emerson Electric Profile
Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.
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